Form 4: Franklin Electric Executive Chairperson Reports Acquisition and Disposal of Shares

Gregg C Sengstack, Executive Chairperson of Franklin Electric Co Inc, reports acquiring and disposing of common stock on April 14, 2025.

Summary

• On April 14, 2025, Gregg C Sengstack, the Executive Chairperson of Franklin Electric Co Inc, engaged in transactions involving the company's common stock.
• Sengstack acquired 17,774 shares of common stock at a price of $89.13 per share through the vesting of Performance Share Units.
• He also disposed of 6,995 shares of common stock, also at $89.13 per share.
• Following these transactions, Sengstack directly owns 132,217 shares of common stock.
• Additionally, he has indirect ownership through various trusts and foundations: 160,000 shares via the Gregg Sengstack 2020 Dynasty Trust, 115,000 shares via the Dianne Sengstack 2020 Dynasty Trust, 9,032 shares via the Sengstack Family Foundation, and 56,900 shares via his spouse.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock transactions.
• It can influence investor perception of management's confidence in the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Franklin Electric, Sengstack, Stock Transaction, Executive Chairperson