Form 4: Franklin Electric Executive Kenneth Keene Reports Share Transactions
SEC Form 4 Filing
Kenneth Keene, VP of Global Supply Chain at Franklin Electric, reports acquisition and disposal of company stock due to vesting and retirement.
Summary
- On March 6, 2024, Kenneth Keene, VP of Global Supply Chain at Franklin Electric Co., Inc., reported transactions involving the company's common stock.
- Keene acquired 1,773 shares at a price of $102.21 per share due to the vesting of restricted shares.
- He also disposed of 746 shares to cover tax obligations at a price of $102.21 per share.
- Additionally, 1,927 restricted shares were cancelled due to Keene's retirement.
- Following these transactions, Keene directly owns 1,846 shares outright and a total of 3,773 shares.
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 about insider trading activity.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in company stock. It allows investors to monitor insider sentiment and potential alignment with company performance.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by providing insight into the actions of a company executive.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of stock transactions (acquisition and disposal). |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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