Knowles Corp·4

Feb 23, 4:24 PM ET

Bastarrica Air A. Jr. 4

Research Summary

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Updated

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.