Form 4: Franklin Electric CEO Gregg Sengstack Reports Stock Transactions

Gregg Sengstack, Chairperson and CEO of Franklin Electric Co Inc, reported the acquisition and disposal of company stock on April 18, 2024, according to a Form 4 filing with the SEC.

Summary

• On April 18, 2024, Gregg C Sengstack, Chairperson and CEO of Franklin Electric Co Inc, reported transactions involving the company's common stock.
• Sengstack acquired 27,488 shares of common stock through the vesting of Performance Share Units at a price of $100.51 per share.
• He also disposed of 12,092 shares of common stock at a price of $100.51 per share.
• Following these transactions, Sengstack directly owns 170,389 shares of common stock.
• Additionally, he has indirect ownership of 160,000 shares through the Gregg Sengstack 2020 Dynasty Trust, 115,000 shares through the Dianne Sengstack 2020 Dynasty Trust, and 10,532 shares through the Sengstack Family Foundation.
• The filing also notes that Sengstack holds 11,436 restricted stock units vesting on 2/22/2027, 11,069 restricted stock units vesting on 2/16/2026 and 14,303 restricted stock units vesting on 2/24/2025.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of the CEO.

Key Dates