Knowles (NYSE: KN) director Cheryl Shavers granted 6,265 RSUs as pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SHAVERS CHERYL L reported acquisition or exercise transactions in this Form 4 filing.
Knowles Corp director Cheryl L. Shavers received a stock-based compensation award. She was granted 6,265 shares of Common Stock in the form of Restricted Stock Units under the Knowles Corporation 2018 Equity and Cash Incentive Plan at a reference value of $30.33 per share.
The RSUs will vest on the first anniversary of the grant, rewarding continued Board service. Following this award, Shavers directly holds 42,341 shares of Knowles common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SHAVERS CHERYL L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,265 | $30.33 | $190K |
Holdings After Transaction:
Common Stock — 42,341 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 6,265 shares
Grant reference price: $30.33 per share
Shares held after grant: 42,341 shares
+1 more
4 metrics
RSUs granted
6,265 shares
Restricted Stock Units awarded as director compensation
Grant reference price
$30.33 per share
Value per share for the RSU award
Shares held after grant
42,341 shares
Direct ownership of Knowles Common Stock after the award
RSU vesting period
1 year
RSUs vest on the first anniversary of the grant
Key Terms
Restricted Stock Units (RSU), Knowles Corporation 2018 Equity and Cash Incentive Plan, vest
3 terms
Restricted Stock Units (RSU) financial
"Restricted Stock Units (RSU) awarded as compensation for services as a Director"
Knowles Corporation 2018 Equity and Cash Incentive Plan financial
"pursuant to the Knowles Corporation 2018 Equity and Cash Incentive Plan"
vest financial
"The RSUs will vest on the first anniversary of the grant."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Knowles (KN) director Cheryl L. Shavers report on this Form 4?
Cheryl L. Shavers reported receiving 6,265 Restricted Stock Units of Knowles Common Stock as compensation for her Board service. The award was made under the Knowles Corporation 2018 Equity and Cash Incentive Plan at a reference value of $30.33 per share.
When do the RSUs granted to Cheryl L. Shavers at Knowles (KN) vest?
The 6,265 Restricted Stock Units granted to Cheryl L. Shavers will vest on the first anniversary of the grant date. Vesting on this schedule aligns the compensation with her continued service as a director on the Knowles Board.
Under which plan were the Knowles (KN) RSUs granted to Cheryl L. Shavers?
The Restricted Stock Units were granted under the Knowles Corporation 2018 Equity and Cash Incentive Plan. This plan authorizes equity-based compensation, such as RSUs, to directors and other eligible participants as part of their overall compensation package.