Knowles grants CEO Jeffrey Niew special performance share award tied to EPS and revenue
On February 18, 2025, Knowles's board and Compensation Committee granted CEO Jeffrey Niew a special award of performance share units with a target of 81,788 units and a grant date fair value of $1.5 million. The units vest only if Knowles meets Adjusted EPS and revenue goals over a performance period that starts January 1, 2025, and the award is forfeited if he leaves the CEO role, so it ties his pay to company results.
Key points
- Target award of 81,788 performance share units, with a grant date fair value of $1.5 million
- Target payout requires Adjusted EPS of $1.50 and revenue of $800 million; payout can reach 400% of target
- Initial performance period runs January 1, 2025 to December 31, 2027, with up to eight quarters of extension
- Award is forfeited if Niew's employment ends or he ceases to be CEO before the performance period ends
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 24, 2025.
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