Bastarrica Air A. Jr. 4
Research Summary
AI-generated summary
Knowles (KN) VP Bastarrica Withholds 2,337 Shares for Taxes
What Happened
- Bastarrica Air A. Jr., Vice President and Controller of Knowles Corp (KN), had 2,337 shares withheld to cover tax withholding related to the vesting of restricted stock. The withholding is reported as a disposition (transaction code F) at $26.98 per share, totaling roughly $63,052.
Key Details
- Transaction date: 2026-02-06; Filing date: 2026-02-10 (timely filing).
- Price per share: $26.98; Shares withheld/disposed: 2,337; Approximate value: $63,052.
- Shares owned after the transaction: not disclosed in this Form 4.
- Footnote: These shares were withheld to pay the tax liability on a restricted stock grant issued February 6, 2023, in accordance with Rule 16b-3 (tax withholding on vesting).
- Transaction code F indicates tax withholding (not an open-market sale).
Context
- This was a routine tax-withholding event tied to RSU vesting, not an active market sale or a purchase. Such withholdings are common and generally do not signal the insider’s market view.