Form 4: Franklin Electric Director Reports Stock Vesting & Ownership

Franklin Electric Director Gregg C. Sengstack reported the vesting of restricted stock and a related tax withholding transaction, along with updated beneficial ownership.

Summary

• Gregg C. Sengstack, a Director of Franklin Electric Co Inc (FELE), reported transactions on November 1, 2025.
• An acquisition of 366 shares of common stock occurred at a price of $94.77 per share, representing the vesting of restricted stock shares.
• A disposition of 145 shares of common stock also occurred on the same date at $94.77 per share, likely for tax withholding purposes related to the vesting.
• Following these transactions, Mr. Sengstack directly beneficially owns 129,990 shares of common stock.
• Direct holdings include 6,226 restricted shares vesting monthly through April 1, 2027, 11,436 restricted stock units vesting on February 22, 2027, 11,069 restricted stock units vesting on February 16, 2026, and 101,259 shares owned outright.
• Indirect beneficial ownership includes 160,000 shares held by the Gregg Sengstack 2020 Dynasty Trust, 115,000 shares held by the Dianne Sengstack 2020 Dynasty Trust, 9,032 shares held by the Sengstack Family Foundation, and 56,900 shares held by his spouse.

Sentiment

Score: 5

Explanation: The filing is neutral, reporting routine insider transactions related to compensation (restricted stock vesting and associated tax withholding). It does not indicate significant positive or negative sentiment regarding the company's performance or outlook.

Positives

• The vesting of 366 restricted stock shares indicates compensation for the Director, aligning his interests with shareholders.

Negatives

• A disposition of 145 shares occurred, likely for tax withholding, which reduces the direct beneficial ownership.

Future Outlook

The filing indicates future vesting events for restricted shares and restricted stock units, with specific dates extending through April 1, 2027, which will further impact the director's beneficial ownership.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, common across all publicly traded companies. It provides transparency regarding changes in beneficial ownership for a director, which is a standard regulatory requirement.

Corporate Governance

Related Party Transactions

• Indirect beneficial ownership includes shares held by the Gregg Sengstack 2020 Dynasty Trust, the Dianne Sengstack 2020 Dynasty Trust, and the Sengstack Family Foundation, as well as shares held by the reporting person's spouse. These represent holdings through entities or individuals closely related to the reporting person.

Stakeholder Impact

• Shareholders: Provides transparency regarding a director's compensation and ownership structure, which is a standard aspect of corporate governance.
• Employees: The vesting of restricted stock is a common form of executive compensation, aligning management incentives with company performance.

Next Steps

• Continued vesting of 6,226 restricted shares monthly through April 1, 2027.
• Vesting of 11,069 restricted stock units on February 16, 2026.
• Vesting of 11,436 restricted stock units on February 22, 2027.

Key Dates

Keywords

Franklin Electric, FELE, Gregg C. Sengstack, Director, Form 4, Insider Transaction, Restricted Stock, Stock Vesting, Beneficial Ownership, Corporate Governance