Form 4: Franklin Electric Executive Reports Stock Transactions
SEC Filing
Jay J. Walsh, President of Franklin Fueling at Franklin Electric, reports acquisition and disposal of company stock on April 18, 2024.
Summary
- On April 18, 2024, Jay J. Walsh, President of Franklin Fueling at Franklin Electric Co. Inc., acquired 3,235 shares of common stock at a price of $100.51 per share.
- On the same day, Walsh disposed of 1,230 shares of common stock, also at $100.51 per share.
- Following these transactions, Walsh beneficially owns 16,927 shares of Franklin Electric common stock.
- This includes 1,156 restricted stock units vesting on 2/22/2027, 1,153 restricted stock units vesting on 2/16/2026, 1,493 restricted stock units vesting on 2/24/2025, and 13,125 shares owned outright.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the trading activities of insiders.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Date of stock acquisition and disposal. |
| 04/19/2024 | Date of signature on the Form 4 filing. |
| 2/24/2025 | Vesting date for 1,493 restricted stock units. |
| 2/16/2026 | Vesting date for 1,153 restricted stock units. |
| 2/22/2027 | Vesting date for 1,156 restricted stock units. |
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