FELE Form 4: Gregg Sengstack Sells 10,000 Shares, Retains Significant Holdings

Rhea-AI Filing Summary

Gregg C. Sengstack, a director of Franklin Electric Co Inc (FELE), reported a sale of 10,000 common shares at $98.1943 on 08/13/2025. The filing shows his direct beneficial ownership following the reported transaction is 130,425 shares, which the filer explains includes 100,596 shares owned outright plus restricted shares and restricted stock units that vest over time.

In addition to the direct holding, the report discloses indirect holdings recorded of 160,000 shares in the Gregg Sengstack 2020 Dynasty Trust (spouse trustee), 115,000 shares in the Dianne Sengstack 2020 Dynasty Trust (reporting person trustee), 9,032 shares held by the Sengstack Family Foundation, and 56,900 shares held by the reporting person’s spouse. The form lists the transaction as a sale and provides the ownership breakdown and vesting details for restricted shares and RSUs.

Positive

• Maintains a sizable direct holding of 130,425 shares, including outright shares and vested/vesting restricted stock and RSUs.
• Clear disclosure of indirect holdings via trusts and a family foundation, which provides transparency about ownership structure and voting/responsible roles.

Negative

• Director disposed of 10,000 shares in a reported sale at $98.1943, reducing direct holdings by that amount.

Insights

Securities Analyst

TL;DR: Director sold 10,000 FELE shares; significant direct and indirect holdings remain, making this a routine disclosure rather than a material shift.

The Form 4 records a single reported sale of 10,000 shares at $98.1943. Post-transaction direct beneficial ownership is reported as 130,425 shares, comprised of outright shares plus restricted shares and RSUs with scheduled vesting dates. Material facts are explicit: the sale quantity and price, and the breakdown of trusts and foundation holdings. From a trading-volume and corporate control perspective, the filing reads as a routine insider disposition while the director maintains substantial ownership via direct and indirect vehicles. This indicates continued alignment with shareholder interests but does not, on its face, signal a material change in control or ownership.

Corporate Governance Expert

TL;DR: Disclosure shows structured family and foundation holdings and scheduled vesting; governance alignment remains evident despite the small sale.

The explanatory section details the nature of indirect ownership: trust holdings where the reporting person or spouse serve as trustee and a foundation where the reporting person is president. It also specifies restricted shares and RSUs with vesting timetables, which clarifies the director's limited liquidity on portions of the direct stake. These governance disclosures are clear and consistent with standard Form 4 reporting practices, showing stewardship structures rather than opaque transfers. The filing contains no indications of related-party transfers beyond the trustee and spouse roles explicitly stated.

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
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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)

738 LATITUDE CIRCLE

(Street)

CHATTANOOGA TN 37402

(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)
08/13/2025

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	08/13/2025		S		10,000	D	$98.1943	130,425(1)	D
common stock								160,000	I	By Reporting Person's Trust(2)
common stock								115,000	I	By Spouse's Trust(3)
common stock								9,032	I	By Sengstack Family Foundation(4)
common stock								56,900	I	By Spouse

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. Includes 7,324 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, 11,069 restricted stock units that vest on 2/16/2026, and 100,596 shares owned outright.

2. 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.

3. 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.

4. 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.

Remarks:

	Jonathan M. Grandon, power of attorney for Gregg C. Sengstack	08/14/2025
	** 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.

FAQ

What insider activity did Gregg C. Sengstack report for FELE?

The filing reports a sale of 10,000 common shares at a price of $98.1943 on 08/13/2025.

How many FELE shares does Gregg C. Sengstack directly own after the transaction?

The report lists 130,425 shares as the reporting person's direct beneficial ownership following the reported transaction.

Does Gregg Sengstack have indirect holdings in FELE?

Yes. The filing shows 160,000 shares in the Gregg Sengstack 2020 Dynasty Trust, 115,000 in the Dianne Sengstack 2020 Dynasty Trust, 9,032 in the Sengstack Family Foundation, and 56,900 held by the spouse.

Are there restricted shares or RSUs included in the direct holdings?

Yes. The direct holding of 130,425 shares includes restricted shares and restricted stock units with specified vesting schedules and quantities identified in the filing.

Who signed or filed the Form 4 on behalf of Gregg Sengstack?

The form identifies Jonathan M. Grandon as power of attorney for Gregg C. Sengstack on the filing.