Form 4: Franklin Electric Director Victor Grizzle Reports Stock Transactions
SEC Form 4 Filing
Director Victor Grizzle of Franklin Electric Co. Inc. reported the acquisition and disposal of common stock and stock units on January 29, 2025, as part of a deferred compensation plan.
Summary
- Victor Grizzle, a director at Franklin Electric Co. Inc., reported transactions involving the company's common stock on January 29, 2025.
- These transactions include the acquisition of 846.33 shares of common stock at a price of $98.55 per share.
- Additionally, 0.33 shares were disposed of, with partial shares paid out in cash.
- Mr. Grizzle also acquired 846.33 stock units, which are convertible to common stock.
- These transactions are related to his deferred compensation plan for his 2020 Board of Directors stock award and dividends received on those shares.
- Following these transactions, Mr. Grizzle beneficially owns 2,236 shares of common stock directly and 9,436.23 stock units.
Sentiment
Score: 6
Explanation: The document is a routine filing of insider transactions, which is neither positive nor negative. It is a neutral event.
Positives
- The acquisition of shares and stock units by a director may indicate confidence in the company's future performance.
Industry Context
This is a routine filing related to insider transactions and is common for publicly traded companies. It does not indicate any specific trend in the industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
- The transactions are related to a deferred compensation plan, which is a common practice for directors of public companies.
- The number of shares and stock units involved are not unusual for a director's compensation.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are part of a pre-existing compensation plan.
Key Dates
| Date | Description |
|---|---|
| 01/29/2025 | Date of the reported stock and stock unit transactions. |
| 01/30/2025 | Date of signature for the Form 4 filing. |
Keywords
Franklin Electric, Director, Stock Transactions, Form 4, Deferred Compensation, Stock Units, Victor Grizzle
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