Knowles (NYSE: KN) HR chief exercises stock options and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Knowles Corp SVP and Chief HR Officer Raymond D. Cabrera exercised non-qualified stock options for 25,210 shares of common stock at $16.77 per share. To cover the option exercise price and tax liability, 17,599 shares were withheld at $36.62 per share. After these transactions, he directly holds 151,722 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
25,210 shares exercised/converted
Mixed
3 txns
Insider
Cabrera Raymond D.
Role
SVP, Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 25,210 | $16.77 | $423K |
| Exercise | Common Stock | 25,210 | $16.77 | $423K |
| Tax Withholding | Common Stock | 17,599 | $36.62 | $644K |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 0 shares (Direct, null);
Common Stock — 151,722 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares exercised: 25,210 shares
Option exercise price: $16.77/share
Shares withheld for taxes and exercise: 17,599 shares
+3 more
6 metrics
Shares exercised
25,210 shares
Non-qualified stock option exercise for common stock
Option exercise price
$16.77/share
Exercise price of non-qualified stock option
Shares withheld for taxes and exercise
17,599 shares
Withheld to pay option exercise price and tax liability
Withholding price
$36.62/share
Value used for withheld shares covering costs and taxes
Shares held after transactions
151,722 shares
Direct KN common stock holdings after Form 4 transactions
Option expiration date
2027-02-09
Expiration date of exercised non-qualified stock option grant
Key Terms
Non-Qualified Stock Option (right to buy), tax liability, withholding securities, derivative security
4 terms
Non-Qualified Stock Option (right to buy) financial
"security_title: "Non-Qualified Stock Option (right to buy)""
tax liability financial
"payment of the option exercise price and tax liability by withholding securities"
withholding securities financial
"payment of the option exercise price and tax liability by withholding securities"
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did KN executive Raymond D. Cabrera report?
Raymond D. Cabrera, SVP and Chief HR Officer of Knowles Corp (KN), exercised options for 25,210 common shares. These were non-qualified stock options converted into shares, reflecting compensation-related activity rather than an open-market purchase or sale.
What are Raymond D. Cabrera’s KN holdings after this Form 4?
Following the reported transactions, Raymond D. Cabrera directly holds 151,722 shares of Knowles common stock. This figure reflects his updated equity position after exercising 25,210 options and having 17,599 shares withheld for the exercise price and taxes.
What type of derivative security did the KN executive exercise?
The filing shows Cabrera exercised a Non-Qualified Stock Option (right to buy) for 25,210 underlying KN common shares at a $16.77 exercise price. This eliminated that specific option position, converting it fully into common stock holdings.