Knowles Corp (KN) SVP Perna withholds 3,086 shares to cover tax on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Knowles Corp SVP, General Counsel & Secretary Robert J. Perna had 3,086 shares of common stock withheld at $27.54 per share to cover taxes on a restricted stock vesting dated February 20, 2024, a non-open-market disposition under code F. After this tax-withholding transaction, he directly holds 87,694 shares and reports an additional 9,221 shares held indirectly by a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
PERNA ROBERT J
Role
SVP, General Counsel & Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,086 | $27.54 | $85K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 87,694 shares (Direct);
Common Stock — 9,221 shares (Indirect, by Trust)
Footnotes (1)
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FAQ
What insider transaction did Knowles Corp (KN) report for Robert J. Perna?
Knowles Corp reported that Robert J. Perna had 3,086 common shares withheld to pay taxes on a restricted stock vesting. This was a code F tax-withholding disposition, not an open-market trade, related to a grant issued on February 20, 2024.
Was the Knowles Corp (KN) Form 4 transaction a stock sale by Robert J. Perna?
The Form 4 shows a tax-withholding disposition, not a traditional open-market sale. 3,086 shares were withheld to satisfy tax liabilities from a restricted stock vesting under Rule 16b-3, meaning the shares covered taxes rather than being sold for investment purposes.
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 using securities. In this Knowles Corp filing, 3,086 shares were withheld to cover tax from a restricted stock vesting, as permitted under Rule 16b-3, rather than being sold on the open market.
What role does Robert J. Perna hold at Knowles Corp (KN) in this Form 4?
In the Form 4, Robert J. Perna is identified as Senior Vice President, General Counsel and Secretary of Knowles Corp. His insider status requires reporting equity-related transactions such as tax-withholding dispositions tied to restricted stock awards and related vesting events.