Form 4: Franklin Electric Executive Jonathan M. Grandon Reports Stock Transactions

Jonathan M. Grandon, Chief Administrative Officer of Franklin Electric Co., reports acquisition and disposal of company stock on April 18, 2024.

Summary

• On April 18, 2024, Jonathan M. Grandon, Chief Administrative Officer of Franklin Electric Co., acquired 3,921 shares of common stock at a price of $100.51 per share.
• On the same day, Grandon disposed of 1,702 shares of common stock.
• Following these transactions, Grandon beneficially owns 19,494 shares of Franklin Electric Co.
• This total includes 1,715 restricted shares vesting on 2/22/2027, 1,555 restricted shares vesting on 2/16/2026, 1,895 restricted shares vesting on 2/24/2025, and 14,329 shares owned outright.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by an officer. The sentiment is neutral as it doesn't inherently indicate positive or negative news about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.

Key Dates