Franklin Electric director awarded 366 shares
Franklin Electric director Gregg C. Sengstack reported equity compensation activity in company common stock.
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 Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | common stock | 366 | $99.62 | $36K |
| Exercise Price or Tax Liability | common stock | 145 | $99.62 | $14K |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
Footnotes (6)
- F1. Vest of restricted stock awards.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
FAQ
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What insider transactions did Gregg C. Sengstack report for Franklin Electric (FELE)?
What was the price used for Gregg C. Sengstack’s Franklin Electric stock award and tax withholding?
What indirect Franklin Electric holdings are associated with Gregg C. Sengstack?
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