Form 4: Franklin Electric Executive Reports Stock Transactions
SEC Form 4 Filing
Brent L. Spikes, VP of Global Manufacturing Operations at Franklin Electric, reports acquisition and disposal of company stock on February 24, 2025.
Summary
- On February 24, 2025, Brent L. Spikes, VP of Global Manufacturing Operations at Franklin Electric Co., Inc., reported transactions involving the company's common stock.
- Spikes acquired 810 shares of common stock at a price of $103.81 per share due to the vesting of restricted stock shares.
- He also disposed of 383 shares, also at $103.81 per share.
- Following these transactions, Spikes beneficially owns 4,872 shares of Franklin Electric common stock.
- This total includes 837 restricted stock units vesting on 2/20/2028, 826 units vesting on 2/22/2027, 725 shares vesting on 2/16/2026, 1,596 shares vesting on 5/5/2025, and 888 shares owned outright.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent 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. It provides transparency into the trading activities of insiders.
Comparison to Industry Standards
- Executive stock transactions are a normal part of compensation packages in publicly traded companies.
- Companies like Xylem, ITT, and Pentair, which operate in similar industries, also have executives who regularly report stock transactions via Form 4 filings.
- The vesting schedules and amounts of restricted stock units are generally in line with industry practices for executive compensation.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- Shareholders may be interested in the trading activity of company insiders as an indicator of management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/16/2026 | 725 restricted shares vest |
| 02/22/2027 | 826 restricted stock units vest |
| 02/20/2028 | 837 restricted stock units vest |
| 05/05/2025 | 1,596 restricted shares vest |
| 02/24/2025 | Date of stock acquisition and disposal |
| 02/26/2025 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.