Form 4: Franklin Electric Director Victor Grizzle Reports Stock Transactions

Director Victor Grizzle reports acquisition and disposal of Franklin Electric Co. Inc. common stock and stock units on May 7, 2025.

Summary

• Victor Grizzle, a director of Franklin Electric Co. Inc., reported transactions involving the company's common stock on May 7, 2025.
• He acquired 4,534.32 shares of common stock at a price of $86.08 per share.
• He also disposed of 0.32 shares of common stock at $86.08 per share, with the partial share paid out in cash.
• Following these transactions, Mr. Grizzle directly owns 9,610 shares of Franklin Electric common stock.
• Mr. Grizzle also acquired and disposed of 4,534.32 stock units, resulting in a holding of 4,925.5 stock units.
• These stock units are related to the Nonemployee Directors' Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing, reflecting standard insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by providing insight into director's stock activity.

Key Dates

Keywords

Form 4, Director, Victor Grizzle, Stock Units, Common Stock, Franklin Electric, FELE, Transaction