Knowles (KN) CFO uses 5,731 shares to cover tax on RSU vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Knowles Corp Senior Vice President & CFO John S. Anderson reported a tax-related share disposition. On February 20, he had 5,731 shares of common stock withheld at $27.54 per share to cover tax liabilities tied to a restricted stock grant that vested on February 20, 2024, under Rule 16b-3. After this withholding, he directly holds 234,596 shares of Knowles common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Anderson John S.
Role
Senior Vice President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,731 | $27.54 | $158K |
Holdings After Transaction:
Common Stock — 234,596 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Knowles Corp (KN) report for CFO John S. Anderson?
Knowles Corp reported that CFO John S. Anderson had 5,731 shares of common stock withheld to cover tax liabilities. The shares were tied to a restricted stock grant vesting on February 20, 2024, and treated as a tax-withholding disposition under Rule 16b-3.
Was the Knowles (KN) CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 5,731 shares were withheld by the company to satisfy tax liabilities upon vesting of a restricted stock grant, classified as a tax-withholding disposition rather than a voluntary sale into the market.