Knowles (KN) HR chief withholds 3,086 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Knowles Corp executive Raymond D. Cabrera, SVP and Chief HR Officer, reported a tax-withholding share disposition related to restricted stock vesting. On this transaction, 3,086 shares of common stock were withheld at $27.54 per share to cover tax liabilities. After the withholding, Cabrera directly holds 126,512 shares of Knowles common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cabrera Raymond D.
Role
SVP, Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,086 | $27.54 | $85K |
Holdings After Transaction:
Common Stock — 126,512 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Knowles Corp (KN) report for Raymond D. Cabrera?
Knowles Corp reported that Raymond D. Cabrera completed a tax-withholding disposition of 3,086 shares of common stock. The shares were withheld in connection with the vesting of a restricted stock grant issued on February 20, 2024, to satisfy associated tax liabilities.
Was the Knowles (KN) insider transaction a discretionary stock sale?
The transaction was not a discretionary stock sale; it was a tax-withholding disposition. Shares were withheld to pay tax liabilities incident to the vesting of a restricted stock grant issued on February 20, 2024, as described under transaction code F and related footnote.
What does transaction code F mean in the Knowles (KN) Form 4 filing?
Transaction code F indicates payment of a tax liability or exercise price by delivering or withholding securities. In this case, 3,086 shares were withheld incident to the vesting of a restricted stock grant, in accordance with Rule 16b-3, to satisfy Cabrera’s tax obligation.
What was the origin of the restricted stock involved in this Knowles (KN) insider event?
The restricted stock involved in this event came from a grant issued on February 20, 2024. When that restricted stock vested, 3,086 shares were withheld to cover related tax liabilities, resulting in the reported tax-withholding disposition under transaction code F.