Franklin Electric director transfers 99,119 shares
The reported 160,000 shares in Gregg Sengstack 2020 Dynasty Trust are held through a trust where he does not have sole voting and investment power.
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Form Type
4
Rhea-AI Filing Summary
Franklin Electric Co. Inc. director Gregg C. Sengstack reported vesting of 366 restricted stock awards on November 1, 2026, and 145 shares delivered or withheld for payment of exercise price or tax liability. On October 30, 2026, he transferred 99,119 shares to Gregg Sengstack 2026 GRAT #1; the transfer involved no funds and was not a sale.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
SENGSTACK GREGG C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | common stock F3 | 366 | $95.38 | $35K |
| Exercise Price or Tax Liability | common stock F4 | 145 | $95.38 | $14K |
| Other | common stock F1 | 99,119 | $0.00 | $0.00 |
| Other | common stock F1, F2 | 99,119 | $0.00 | $0.00 |
| Holding | common stock F5 | -- | -- | -- |
| Holding | common stock F6 | -- | -- | -- |
| Holding | common stock F7 | -- | -- | -- |
| Holding | common stock F8 | -- | -- | -- |
Holdings After Transaction:
common stock — 99,119 shares (Indirect, 2026 GRAT 1);
common stock — 37,491 shares (Direct);
common stock — 29,687 shares (Indirect, By Sengstack Family Foundation);
common stock — 160,000 shares (Indirect, By Reporting Person's Trust);
common stock — 115,000 shares (Indirect, By Spouse's Trust);
common stock — 56,900 shares (Indirect, By Spouse's Special Trust #1)
Holdings Before and After:
common stock, 0 to 99,119 shares (Indirect, 2026 GRAT 1)
Footnotes (8)
- F1. 99,119 shares were transferred from the reporting person to the Gregg Sengstack 2026 GRAT #1 ("2026 GRAT 1"). No funds were exchanged and no sale of shares occurred in the transfer.
- F2. Represents shares held in the Gregg Sengstack 2026 GRAT #1 ("2026 GRAT 1") created on October 30, 2026, when the reporting person transferred 99,119 shares, of which the reporting person is the trustee.
- F3. Vest of restricted stock awards.
- F4. Includes 1,834 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, and 24,221 shares owned outright.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
Key Figures
Restricted stock awards vested: 366 shares
Shares delivered or withheld: 145 shares
Shares transferred to Gregg Sengstack 2026 GRAT #1: 99,119 shares
+4 more
7 metrics
Restricted stock awards vested
366 shares
November 1, 2026
Shares delivered or withheld
145 shares
For payment of exercise price or tax liability; November 1, 2026
Shares transferred to Gregg Sengstack 2026 GRAT #1
99,119 shares
October 30, 2026; no funds exchanged and no sale occurred
Sengstack Family Foundation holding
29,687 shares
Indirect holding entry dated October 30, 2026
Gregg Sengstack 2020 Dynasty Trust holding
160,000 shares
Indirect holding entry dated October 30, 2026
Dianne Sengstack 2020 Dynasty Trust holding
115,000 shares
Indirect holding entry dated October 30, 2026
Dianne Sengstack 2025 Special Trust holding
56,900 shares
Indirect holding entry dated October 30, 2026
Key Terms
restricted stock awards, restricted stock units, GRAT, sole voting and investment power
4 terms
restricted stock awards financial
"Vest of restricted stock awards."
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
restricted stock units financial
"11,436 restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
GRAT financial
"Gregg Sengstack 2026 GRAT #1"
sole voting and investment power regulatory
"does not have sole voting and investment power"
FAQ
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