Knowles Director Shavers Sells $260K Worth of Stock
Cheryl L. Shavers, a director at Knowles Corporation (KN), sold 6,618 shares worth approximately $260,000 on August 17, 2026, according to an SEC Form 4 filing. The transaction reduced her direct equity holdings by about 16%, from over 35,723 shares post-sale with a market value of around $1.3 million at the time. The sale occurred at a weighted average price of $39.27 per share, while Knowles' stock closed at $38.99 on that day. Over the past year leading up to this transaction date, the company's shares had appreciated by 92%, significantly outperforming broader market indices like the S&P 500. Despite the reduction in her stake, Shavers still holds a substantial amount of stock post-transaction, indicating continued alignment with shareholder interests. The move is viewed as part of routine portfolio management rather than an indication of negative sentiment toward Knowles' future prospects.
Topics: insider trading Knowles SEC filing