Knowles Corp (KN) VP reports tax-withholding disposition of 2,347 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Knowles Corp Vice President and Controller Bastarrica Air A. Jr. reported a Form 4 showing a tax-withholding disposition of 2,347 shares of common stock at $27.54 per share. The shares were withheld to cover taxes on a restricted stock grant that vested on February 20, 2025, leaving him with 57,569 directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bastarrica Air A. Jr.
Role
Vice President, Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,347 | $27.54 | $65K |
Holdings After Transaction:
Common Stock — 57,569 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Knowles Corp (KN) report for Bastarrica Air A. Jr.?
Knowles Corp reported that Vice President and Controller Bastarrica Air A. Jr. had 2,347 common shares withheld to cover tax liabilities upon vesting of a restricted stock grant, as disclosed in a Form 4 insider filing.
Was the Knowles Corp (KN) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to satisfy tax liabilities related to a vesting restricted stock grant issued on February 20, 2024.
What does transaction code “F” mean in the Knowles Corp (KN) Form 4?
Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. In this case, shares of Knowles Corp common stock were withheld to cover taxes due on a vesting restricted stock grant.
What is the origin of the restricted stock behind the Knowles Corp (KN) tax withholding?
The footnote explains that the withheld shares relate to a restricted stock grant issued on February 20, 2024. The disposition occurred upon vesting, when shares were withheld to satisfy the insider’s associated tax liability.