Form 4: Franklin Electric Executive Acquires Shares, Disposes of Some for Tax Obligations

Jonathan M. Grandon, Chief Administrative Officer of Franklin Electric, acquired shares of common stock through vesting and disposed of shares to cover tax obligations.

Summary

• On February 24, 2025, Jonathan M. Grandon, Chief Administrative Officer of Franklin Electric Co., Inc., acquired 1,895 shares of common stock due to the vesting of restricted stock.
• The price per share for the acquisition was $103.81.
• On the same day, Grandon disposed of 874 shares of common stock at $103.81 per share.
• This disposal was likely to cover tax obligations related to the vesting of the restricted stock.
• Following these transactions, Grandon directly owns 16,708 shares of Franklin Electric common stock, including 1,698 restricted shares vesting on 2/20/2028, 1,715 restricted shares vesting on 2/22/2027, 1,555 restricted shares vesting on 2/16/2026, and 11,740 shares owned outright.

Sentiment

Score: 5

Explanation: This is a routine filing reflecting standard insider trading activity related to stock vesting and tax obligations; it doesn't indicate a particularly positive or negative outlook.

Industry Context

Form 4 filings are routine and provide transparency into the trading activities of company insiders, which can be informative for investors.

Key Dates