Knowles SVP has shares withheld for tax payment
Knowles Corp Senior Vice President & COO Daniel J. Giesecke reported a Form 4 transaction where 3,968 shares of common stock were withheld at $27.54 per share to satisfy tax obligations tied to a restricted stock vesting.
Rhea-AI Filing Summary
Knowles Corp Senior Vice President & COO Daniel J. Giesecke reported a Form 4 transaction where 3,968 shares of common stock were withheld at $27.54 per share to satisfy tax obligations tied to a restricted stock vesting. He now directly holds 196,056 shares.
Positive
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Insider Trade Summary
Exercise Price or Tax Liability: 3,968 shares
Exercise Price or Tax Liability
1 txn
Insider
Giesecke Daniel J.
Role
Senior Vice President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,968 | $27.54 | $109K |
Holdings After Transaction:
Common Stock — 196,056 shares (Direct)
Footnotes (1)
- F1. These shares represent the payment of the tax liability by withholding securities incident to the vesting of a restricted stock grant issued on February 20, 2024 in accordance with Rule 16b-3.
FAQ
What insider transaction did Knowles Corp (KN) report for Daniel J. Giesecke?
Daniel J. Giesecke reported a disposition of 3,968 Knowles Corp shares. The shares were withheld at $27.54 each to cover taxes from a restricted stock vesting, a routine administrative transaction rather than an open market trade.
Was the Knowles Corp (KN) Form 4 transaction an open market sale?
No, the Form 4 transaction was not an open market sale. Shares were withheld to pay tax liabilities upon vesting of restricted stock granted on February 20, 2024, as permitted under Rule 16b-3, making this a non-discretionary, administrative disposition.
What does transaction code F mean on the Knowles Corp (KN) Form 4?
Transaction code F indicates shares were used to pay exercise or tax obligations. In this case, Knowles Corp withheld 3,968 shares from Daniel J. Giesecke’s restricted stock vesting to satisfy tax liabilities, rather than representing a voluntary sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.