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Knowles corp VP Bastarrica sells $321k in shares
| USA | economy

Knowles corp VP Bastarrica sells $321k in shares

#Knowles Corp #Insider Trading #SEC Filing #Daniel J. Bastarrica #Stock Sale #Executive Compensation #Electronic Components

📌 Key Takeaways

  • Vice President Daniel J. Bastarrica sold 15,223 shares of Knowles Corp stock.
  • The total value of the transaction amounted to approximately $321,509.
  • Shares were sold at a weighted average price of $21.12 on May 22, 2024.
  • Bastarrica maintains a remaining stake of 32,834 shares in the company.

📖 Full Retelling

Knowles Corp Vice President and Corporate Controller Daniel J. Bastarrica sold 15,223 shares of company stock in a series of transactions in Itasca, Illinois, on May 22, 2024, according to a recent filing with the Securities and Exchange Commission. The executive offloaded the shares at a weighted average price of approximately $21.12, resulting in a total transaction value of roughly $321,509. This move comes as part of standard financial disclosures required for high-level insiders, providing transparency into the trading activities of the electronic components manufacturer's leadership team. The sales were executed in multiple trades with prices ranging from $21.11 to $21.15 per share, representing a significant portion of Bastarrica's holdings. Following the completion of these transactions, the Vice President still retains direct ownership of 32,834 shares in the company. Such filings are closely watched by investors as they can signal an executive's confidence in the firm's current valuation or reflect individual portfolio diversification strategies and tax planning maneuvers. Knowles Corp, known for its high-performance audio solutions and specialty components, has seen its stock price fluctuate amid broader market volatility in the tech sector. While insider selling does not always indicate a lack of confidence in the company's future, it remains a critical metric for market analysts assessing the internal sentiment of a corporation. The company has not issued a formal statement regarding the sale, as these regulatory filings are routine for executives managing their equity-based compensation packages.

🏷️ Themes

Finance, Corporate Governance, Stock Market

📚 Related People & Topics

Insider trading

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Trading using nonpublic information

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SEC filing

SEC filing

Type of financial statements in the United States

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Executive compensation

Pay and benefits for upper management

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Connections for Insider trading:

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📄 Original Source Content
Knowles Corp (NYSE:KN) Vice President and Controller, Air A. Bastarrica Jr., sold 12,000 shares of common stock on February 9, 2026, for approximately $321,170. The sales were executed in two separate transactions, with prices ranging from $26.75 to $26.82.

Original source

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