Form 4: Franklin Electric Executive Acquires Shares and Options

Greg Michael Levine, VP & President of Global Water at Franklin Electric, reports acquisition of common stock and options.

Summary

• On February 20, 2025, Greg Michael Levine, VP & President, Global Water at Franklin Electric Co Inc, acquired 1,368 shares of common stock.
• These shares were acquired at a price of $0.
• Levine also acquired 3,808 options with an exercise price of $106, exercisable in three equal installments beginning on February 20, 2026, and expiring on February 20, 2035.
• Following these transactions, Levine beneficially owns 5,769 shares of common stock and 3,808 options.
• The 5,769 shares include 1,368 restricted shares vesting on 2/20/2028, 1,398 restricted shares vesting on 2/22/2027, 2,187 restricted shares vesting on 2/16/2026, and 816 shares owned outright.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares and options by an executive suggests confidence in the company, but it's a routine filing and doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The acquisition of shares and options by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors often monitor these filings to gauge executive sentiment and potential future performance.

Stakeholder Impact

• The acquisition of shares by a company executive can positively influence shareholder sentiment.

Key Dates

Keywords

Form 4, Beneficial Ownership, Executive Compensation, Stock Options, Restricted Shares, Franklin Electric, FELE, Levine, Insider Trading