Form 4: Knowles VP Controller Sells Shares for Tax

Knowles Corp's Vice President and Controller, Air A. Bastarrica, Jr., disposed of 2,347 shares of common stock to cover tax liabilities related to a restricted stock grant.

Summary

• Air A. Bastarrica, Jr., Vice President and Controller of Knowles Corp, reported a transaction involving the company's common stock.
• On February 20, 2026, 2,347 shares of common stock were disposed of at a price of $27.54 per share.
• This disposal was for the payment of tax liability by withholding securities, incident to the vesting of a restricted stock grant.
• The original restricted stock grant was issued on February 20, 2024.
• Following this transaction, Air A. Bastarrica, Jr. beneficially owns 57,569 shares of Knowles Corp common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a standard, non-discretionary transaction for tax purposes and does not indicate a change in the reporting person's confidence in the company or its future prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that this Form 4 filing details a routine insider transaction, specifically the sale of shares to cover tax obligations upon the vesting of restricted stock. Such transactions are common among corporate executives and generally do not reflect a change in the company's fundamental outlook or broader industry trends.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary sale for tax purposes by an officer, not a significant change in ownership or a signal of management sentiment.

Key Dates

Recommendation

This Form 4 filing reports a routine, non-discretionary sale of shares by a corporate officer to cover tax liabilities associated with a restricted stock grant. Such transactions are common and do not typically reflect a change in the company's operational performance or strategic direction. Therefore, it does not provide new information that would warrant a change in an investor's fundamental assessment of the stock, leading to a 'hold' recommendation.

Keywords

Knowles Corp, KN, Insider Transaction, Form 4, Stock Sale, Restricted Stock, Tax Withholding, Corporate Officer