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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | common stock | 366 | $95.28 | $35K |
| Tax Withholding | common stock | 145 | $95.28 | $14K |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
Footnotes (1)
- Vest of restricted stock shares. 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. 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 Sengstack Family Foundation, for which the reporting person is the president and over which the reporting person has sole voting and dispositive power.
