Bastarrica Air A. Jr. 4
Research Summary
AI-generated summary
Knowles (KN) VP Controller Bastarrica Withholds 2,347 Shares
What Happened
- Bastarrica Air A. Jr., Vice President and Controller of Knowles Corp (KN), had 2,347 shares withheld to satisfy a tax liability tied to the vesting of restricted stock. The shares were valued at $27.54 each, totaling approximately $64,636. This was a withholding to cover taxes on a grant, not an open-market sale.
Key Details
- Transaction date: 2026-02-20; Filing date: 2026-02-23 (filed within required timeframe).
- Price: $27.54 per share; Shares withheld/disposed: 2,347; Gross value ≈ $64,636.
- Transaction code: F — tax withholding/surrender of shares to cover tax liability.
- Footnote: These shares were withheld to pay taxes upon the vesting of a restricted stock grant issued on Feb 20, 2024, in accordance with Rule 16b-3.
- Shares owned after the transaction: Not specified in the provided filing.
Context
- This was a tax-withholding event tied to vested restricted stock (a routine administrative disposition), which generally does not signal insider views on company prospects the way open-market purchases might.
- Rule 16b-3 compliance noted in the filing indicates the withholding was done under the issuer-approved procedure for compensatory equity.