Form 4: Franklin Electric Executive Delancey W. Davis Reports Stock Transactions
SEC Form 4 Filing
Delancey W. Davis, President of Headwater Companies at Franklin Electric, reports acquisition and disposal of company stock and derivative securities.
Summary
- On May 9, 2024, Delancey W. Davis, President of Headwater Companies at Franklin Electric Co., Inc., reported transactions involving the company's stock.
- Davis disposed of 2,214 shares of common stock at a price of $102.06.
- Davis acquired 2,889 shares of common stock at a price of $73.14.
- Davis also disposed of 2,889 shares related to option exercises.
- Following these transactions, Davis directly owns 8,014 shares of common stock.
- Davis also owns options for 0 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice among publicly traded companies to ensure transparency and compliance with securities regulations.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the executive's perspective on the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Date of stock transactions (acquisition and disposal). |
| 05/10/2024 | Date of signature on the Form 4 filing. |
| 02/24/2025 | Vesting date for 1,752 restricted stock units. |
| 02/16/2026 | Vesting date for 1,489 restricted stock units. |
| 02/22/2027 | Vesting date for 1,499 restricted stock units. |
| 02/18/2031 | Expiration date for stock options. |
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