Knowles (KN) director granted 6,265 RSUs that vest in one year
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cardew Jason M reported acquisition or exercise transactions in this Form 4 filing.
Knowles Corp director Jason M. Cardew received an equity award of 6,265 shares of Common Stock as compensation for his services as a Director. The award is in the form of Restricted Stock Units granted under the Knowles Corporation 2018 Equity and Cash Incentive Plan and will vest on the first anniversary of the grant. Following this grant, Cardew holds 36,414 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cardew Jason M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,265 | $30.33 | $190K |
Holdings After Transaction:
Common Stock — 36,414 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 6,265 shares
Grant reference price: $30.33 per share
Post-grant holdings: 36,414 shares
3 metrics
RSU grant size
6,265 shares
Restricted Stock Units awarded as Director compensation
Grant reference price
$30.33 per share
Price per share reported for the 6,265-share grant
Post-grant holdings
36,414 shares
Total Common Stock held directly after the transaction
Key Terms
Restricted Stock Units (RSU), Knowles Corporation 2018 Equity and Cash Incentive Plan, Director compensation, vest
4 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"
Director compensation financial
"awarded as compensation for services as a Director"
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 insider transaction did Knowles (KN) report for Jason M. Cardew?
Knowles reported that Director Jason M. Cardew received an award of 6,265 shares of Common Stock. The grant is compensation for his Board service and is structured as Restricted Stock Units under the company’s 2018 Equity and Cash Incentive Plan.
What type of equity did Knowles (KN) grant to Director Jason M. Cardew?
Knowles granted Restricted Stock Units, or RSUs, tied to Common Stock to Director Jason M. Cardew. These RSUs were awarded as compensation for his director services under the Knowles Corporation 2018 Equity and Cash Incentive Plan.
When will Jason M. Cardew’s Knowles (KN) RSU award vest?
The Restricted Stock Units awarded to Jason M. Cardew will vest on the first anniversary of the grant. Vesting means the units convert into shares he fully owns, subject to the plan’s terms as described in the Form 4 footnote.
Was Jason M. Cardew’s Knowles (KN) transaction a market purchase or a grant?
The transaction was a grant, not a market purchase. The Form 4 classifies it as a grant or award acquisition, with 6,265 Restricted Stock Units issued as compensation for Jason M. Cardew’s role as a Director.