Giesecke Daniel J. 4
Research Summary
AI-generated summary
Knowles (KN) COO Daniel J. Giesecke Sells 15,885 Shares
What Happened
Daniel J. Giesecke, Senior Vice President & Chief Operating Officer of Knowles Corporation, disposed of a total of 19,217 shares in early February 2026. On 2026-02-09 he sold 15,885 shares in open-market transactions at a weighted average price of $27.22 for proceeds of about $432,390. On 2026-02-06, 3,332 shares were withheld to cover tax liabilities related to the vesting of a restricted stock grant (valued at $26.98 per share, ~$89,897).
Key Details
- Transaction codes: F (tax withholding on vesting) and S (open-market sale).
- Dates & prices:
- 2026-02-06: 3,332 shares withheld at $26.98 each = $89,897 (tax withholding on RSU vesting).
- 2026-02-09: 15,885 shares sold at a weighted avg $27.22 = $432,390 (sales executed across prices $27.22–$27.23).
- Combined disposed shares: 19,217; combined value ≈ $522,287.
- Shares owned after the transactions: Not specified in this Form 4.
- Footnotes: F1 confirms the 3,332-share withholding was for taxes on a restricted stock grant issued 2/6/2023 under Rule 16b-3. F2 notes the $27.22 is a weighted average and sales occurred at $27.22–$27.23; the insider can provide a per-trade breakdown on request.
- Filing timeliness: Form 4 filed 2026-02-10; transactions appear reported promptly (no late filing indicated).
Context
The 3,332-share transaction was a tax withholding incident to RSU vesting (not a market sell). The 15,885-share open-market sale is a disposal by an insider; sales are common and not, by themselves, a definitive signal of company prospects.