Franklin Electric (FELE) Director Files Form 4 Showing Vesting, Trust Holdings

Rhea-AI Filing Summary

Gregg C. Sengstack, a director of Franklin Electric Co., reported transactions on Form 4 showing restricted stock vesting and minor open-market activity. On 10/01/2025 he had 366 vested restricted shares acquired at $95.28 and a disposition of 145 shares at $95.28, leaving 130,280 shares beneficially owned directly after the reported transactions. The filing discloses substantial indirect holdings: 160,000 shares held in the Gregg Sengstack 2020 Dynasty Trust (spouse is trustee), 115,000 shares in the Dianne Sengstack 2020 Dynasty Trust (he is trustee), and 9,032 shares via the Sengstack Family Foundation, plus other restricted stock units that vest through 2027.

Positive

• Timely disclosure filed (transaction dated 10/01/2025; Form filed 10/02/2025)
• Insider holdings are substantial: 130,280 shares directly plus at least 284,032 indirectly across trusts and foundation
• Vesting schedule disclosed: restricted shares and RSUs vest through April 1, 2027 and February 2027

Negative

• None.

Insights

Corporate Governance Analyst

Insider reported routine vesting and trust holdings; governance impact is limited.

The Form 4 shows scheduled vesting events and trust-held shares rather than a large open-market purchase or sale. That pattern is typical for directors whose compensation includes restricted stock and who hold long-term positions via family trusts. The disclosure that some shares are held in a trust where the reporting person lacks sole voting or investment power is relevant for control analysis.

Equity Ownership Specialist

Reported ownership remains sizable with staggered vesting through 2027.

After the transactions, the reporting person beneficially owns 130,280 shares directly and substantial additional shares indirectly (totaling at least 284,032 across identified trusts and foundation). The filing explicitly lists restricted stock units that vest monthly or on specific dates through April 1, 2027, and February 2027, which affects near-term supply of shares from insiders.

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

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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).

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)
10/01/2025

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	10/01/2025		A		366(1)	A	$95.28	130,280	D
common stock	10/01/2025		F		145	D	$95.28	130,135(2)	D
common stock								160,000	I	By Reporting Person's Trust(3)
common stock								115,000	I	By Spouse's Trust(4)
common stock								9,032	I	By Sengstack Family Foundation(5)
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. Vest of restricted stock shares.

2. Includes 6,592 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 101,038 shares owned outright.

3. 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.

4. 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.

5. 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	10/02/2025
	** 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).
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FAQ

What insider transactions did Gregg C. Sengstack (FELE) report on this Form 4?

The Form 4 reports acquisition by vesting of 366 restricted shares at $95.28 and a disposition of 145 shares at $95.28 on 10/01/2025.

How many shares does Gregg C. Sengstack beneficially own after the reported transactions?

He beneficially owns 130,280 shares directly after the reported transactions, plus indirect holdings disclosed separately.

What indirect holdings are disclosed for the reporting person?

The filing shows 160,000 shares in the Gregg Sengstack 2020 Dynasty Trust, 115,000 in the Dianne Sengstack 2020 Dynasty Trust, and 9,032 via the Sengstack Family Foundation.

Are there future vesting events disclosed for Sengstack's restricted shares or RSUs?

Yes. The footnotes disclose 6,592 restricted shares vesting monthly through 4/1/2027, RSUs vesting on 2/22/2027 (11,436) and 2/16/2026 (11,069), plus other owned shares.

Does the reporting person have sole voting or investment power over the trust-held shares?

The Gregg Sengstack 2020 Dynasty Trust shares are held of record with the spouse as trustee and the reporting person does not have sole voting and investment power; the Dianne Sengstack trust and the Family Foundation holdings note the reporting person has sole voting or dispositive power where specified.