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Director at Franklin Electric (NASDAQ: FELE) gets 366-share award, 145 withheld

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Franklin Electric director Gregg C. Sengstack reported equity compensation activity in company common stock. He acquired 366 shares on a grant or award basis at $99.62 per share, reflecting the vesting of restricted stock awards. After this award, he directly owned 105,318 shares.

To cover tax obligations from the vesting, 145 shares were disposed of at $99.62 per share through a tax-withholding transaction, leaving him with 105,173 shares held directly. The filing also lists additional indirect holdings through the Sengstack Family Foundation and several family trusts, over which he has varying levels of voting and investment authority.

Positive

  • None.

Negative

  • None.
Insider SENGSTACK GREGG C
Role Director
Type Security Shares Price Value
Grant/Award common stock 366 $99.62 $36K
Tax Withholding common stock 145 $99.62 $14K
holding common stock -- -- --
holding common stock -- -- --
holding common stock -- -- --
holding common stock -- -- --
Holdings After Transaction: common stock — 105,318 shares (Direct); common stock — 29,687 shares (Indirect, By Sengstack Family Foundation)
Footnotes (1)
  1. Vest of restricted stock awards. Includes 4,762 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, and 88,875 shares owned outright. Represents shares held of record by the Sengstack Family Foundation, for which the reporting person is the president and over which the reporting person has sole voting and dispositive power. Represents shares held of record by the Gregg Sengstack 2020 Dynasty Trust, for which the reporting person's spouse is the trustee and over which the reporting person does not have sole voting and investment power. Represents shares held of record by the Dianne Sengstack 2020 Dynasty Trust, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Represents shares held of record by the Dianne Sengstack 2025 Special Trust, for which the reporting person is the trustee and over which the reporting person has sole voting and dispositive power.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
SENGSTACK GREGG C
(Last) (First) (Middle)
9255 COVERDALE RD
(Street)
FORT WAYNE IN 46809
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FRANKLIN ELECTRIC CO INC [ FELE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
common stock 03/01/2026 A 366(1) A $99.62 105,318 D
common stock 03/01/2026 F 145 D $99.62 105,173(2) D
common stock 29,687 I By Sengstack Family Foundation(3)
common stock 160,000 I By Reporting Person's Trust(4)
common stock 115,000 I By Spouse's Trust(5)
common stock 56,900 I By Spouse's Special Trust #1(6)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Vest of restricted stock awards.
2. Includes 4,762 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, and 88,875 shares owned outright.
3. Represents shares held of record by the Sengstack Family Foundation, for which the reporting person is the president and over which the reporting person has sole voting and dispositive power.
4. Represents shares held of record by the Gregg Sengstack 2020 Dynasty Trust, for which the reporting person's spouse is the trustee and over which the reporting person does not have sole voting and investment power.
5. Represents shares held of record by the Dianne Sengstack 2020 Dynasty Trust, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
6. Represents shares held of record by the Dianne Sengstack 2025 Special Trust, for which the reporting person is the trustee and over which the reporting person has sole voting and dispositive power.
Remarks:
Jonathan M. Grandon, power of attorney for Gregg C. Sengstack 03/02/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Gregg C. Sengstack report for Franklin Electric (FELE)?

Gregg C. Sengstack reported receiving a 366-share stock award in Franklin Electric common stock at $99.62 per share, tied to restricted stock vesting. He also reported a tax-withholding disposition of 145 shares at the same price, reflecting shares withheld rather than an open-market sale.

How many Franklin Electric shares does Gregg C. Sengstack now hold directly?

After these transactions, Gregg C. Sengstack directly holds 105,173 shares of Franklin Electric common stock. This figure reflects the 366-share grant and the 145-share tax withholding, and is separate from his additional indirect holdings through a family foundation and several trusts.

What was the price used for Gregg C. Sengstack’s Franklin Electric stock award and tax withholding?

Both the stock award and tax-withholding disposition used a price of $99.62 per Franklin Electric share. The 366-share grant and 145-share tax withholding were recorded at this value, indicating the fair market price applied for the restricted stock vesting and related tax settlement.

What indirect Franklin Electric holdings are associated with Gregg C. Sengstack?

The filing shows indirect ownership of Franklin Electric shares through the Sengstack Family Foundation and multiple family trusts. In some vehicles he has sole voting and investment power, while in at least one spouse-directed trust he does not have sole voting and investment authority.

Does the Form 4 for Franklin Electric indicate any open-market share sales by Gregg C. Sengstack?

The Form 4 indicates a tax-withholding disposition of 145 shares, not an open-market sale. These shares were delivered to satisfy tax obligations associated with restricted stock vesting, distinguishing the transaction from discretionary selling in the open market.