Knowles (NYSE: KN) director receives 6,265 RSUs as board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WISHART MICHAEL S reported acquisition or exercise transactions in this Form 4 filing.
Knowles Corp director Michael S. Wishart received an equity grant of 6,265 Restricted Stock Units (RSUs) as compensation for his service on the board. The RSUs were awarded under the Knowles Corporation 2018 Equity and Cash Incentive Plan at a reference value of $30.33 per share and will vest on the first anniversary of the grant. Following this award, Wishart directly holds 76,720 shares of Knowles common stock, reflecting his ongoing equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WISHART MICHAEL S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,265 | $30.33 | $190K |
Holdings After Transaction:
Common Stock — 76,720 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 6,265 units
Grant value per share: $30.33 per share
Shares held after grant: 76,720 shares
3 metrics
RSUs granted
6,265 units
Restricted Stock Units awarded as director compensation
Grant value per share
$30.33 per share
Reference value for the 6,265 RSUs granted
Shares held after grant
76,720 shares
Total Knowles common stock directly held by Wishart after the award
Key Terms
Restricted Stock Units (RSU), Knowles Corporation 2018 Equity and Cash Incentive Plan, Grant, award, or other acquisition
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"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Knowles (KN) report for director Michael S. Wishart?
Knowles reported that director Michael S. Wishart received 6,265 Restricted Stock Units as a compensation award. These RSUs are tied to his board service and increase his direct holdings to 76,720 common shares, reinforcing his equity-based alignment with shareholders.
How many RSUs did Knowles (KN) grant to director Michael S. Wishart and at what value?
Knowles granted Michael S. Wishart 6,265 Restricted Stock Units with a reference value of $30.33 per share. This equity award represents stock-based compensation for his role as a director under the company’s 2018 Equity and Cash Incentive Plan.
When will Michael S. Wishart’s newly granted Knowles (KN) RSUs vest?
The 6,265 Restricted Stock Units granted to Michael S. Wishart will vest on the first anniversary of the grant date. Vesting over one year links his compensation to continued board service and aligns his interests with longer-term company performance.
Was Michael S. Wishart’s Knowles (KN) Form 4 transaction an open-market purchase or a compensation grant?
The transaction was a compensation grant, not an open-market purchase. Form 4 identifies it with code A as a grant or award acquisition of 6,265 Restricted Stock Units for board service under the 2018 Equity and Cash Incentive Plan.