Form 4: Franklin Electric Executive Chairperson Exercises Options and Disposes of Shares

Gregg C Sengstack, Executive Chairperson of Franklin Electric Co Inc, exercised options and disposed of shares on November 7, 2024.

Summary

• On November 7, 2024, Gregg C Sengstack, the Executive Chairperson of Franklin Electric Co Inc, exercised options to acquire 64,952 shares of common stock at a price of $29.08 per share.
• Simultaneously, Sengstack disposed of 35,970 shares of common stock at a price of $110.03 per share.
• Following these transactions, Sengstack directly owns 127,075 shares and indirectly owns 160,000 shares through a trust, 115,000 shares through a spouse's trust, 56,900 shares through a spouse's special trust, and 9,032 shares through the Sengstack Family Foundation.
• The exercised options were granted with a price of $29.08 and are exercisable in four equal installments beginning on February 25, 2026.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transactions.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the Executive Chairperson, trade in their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Key Dates