Knowles Corporation said its compensation committee granted Chief Operating Officer Daniel J. Giesecke a special performance share unit (PSU) equity award under the company’s 2018 Equity and Cash Incentive Plan. The award has a target of 18,423 PSUs (grant-date fair value $500,000) and can pay out from 0% to 140% based on Cornell Dubilier business unit revenue and adjusted EBIT goals over a two-year performance period running from Jan. 1, 2026 to Dec. 31, 2027, with 25% tied to each of four annual metrics (Year 1/Year 2 revenue and adjusted EBIT). Any first-year earned amounts are “banked,” but no PSUs vest until after the performance period and final committee certification, and the award is forfeited if employment ends before the period ends, subject to specified change-of-control provisions.

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