Franklin Electric CAO sells 4,200 shares after exercise
Franklin Electric Chief Administrative Officer Jonathan M. Grandon exercised stock options and sold shares on May 22, 2026.
Rhea-AI Filing Summary
Franklin Electric Chief Administrative Officer Jonathan M. Grandon exercised stock options and sold shares on May 22, 2026. He exercised options covering 4,200 shares of common stock at $42.20 per share, then sold 4,200 shares in an open-market transaction at an average price of $98.23 per share.
After these transactions, Grandon directly held 7,509 shares of common stock. This includes 3,168 restricted shares that vest in three equal annual installments beginning on February 19, 2026, 1,698 restricted shares vesting on February 20, 2028, 1,715 restricted shares vesting on February 22, 2027, and 928 shares owned outright. He also retained 8,547 stock options expiring on February 23, 2027.
Positive
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Negative
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Insider Trade Summary
Exercise and Sale: 4,200 shares ($235K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Grandon Jonathan M.
Role
Chief Administrative Officer
Sold
4,200 shs ($413K)
Approx. gross sale proceeds
$413K
Approx. exercise cost
$177K
Approx. pre-tax spread
$235K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | option | 4,200 | $42.20 | $177K |
| Exercise | common stock | 4,200 | $42.20 | $177K |
| Sale | common stock | 4,200 | $98.233 | $413K |
Holdings After Transaction:
option — 8,547 contracts (Direct);
common stock — 7,509 shares (Direct)
Footnotes (2)
- F1. Includes 3,168 restricted shares that vest in equal installments of 1/3 each year, beginning on the first anniversary of 2/19/2026, 1,698 restricted shares that vest on 2/20/2028, 1,715 restricted shares that vest on 2/22/2027, and 928 shares owned outright.
- F2. The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of 2/23/2017.
Key Figures
Shares sold: 4,200 shares
Sale price: $98.23 per share
Option exercise price: $42.20 per share
+3 more
6 metrics
Shares sold
4,200 shares
Open-market sale of common stock on May 22, 2026
Sale price
$98.23 per share
Average price for 4,200 common shares sold
Option exercise price
$42.20 per share
Exercise of options for 4,200 common shares
Shares held after sale
7,509 shares
Direct common stock holdings following transactions
Remaining options
8,547 options
Options on common stock expiring February 23, 2027
Restricted shares vesting schedule
3,168 + 1,698 + 1,715 shares
Restricted stock vesting between 2026 and 2028
Key Terms
restricted shares, exercise or conversion of derivative security, open-market sale, derivative, +1 more
5 terms
exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative financial
"transaction_type: derivative"
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
stock options financial
"The options become exercisable in four equal installments of 1/4 each year"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
FAQ
What insider transactions did Franklin Electric (FELE) report for Jonathan M. Grandon?
Franklin Electric reported that Chief Administrative Officer Jonathan M. Grandon exercised options for 4,200 common shares, then sold 4,200 shares in an open-market trade. These actions occurred on May 22, 2026, and are detailed in a Form 4 insider transaction filing.
What stock options did the Franklin Electric (FELE) CAO exercise and what remains?
Grandon exercised stock options for 4,200 Franklin Electric shares at a $42.20 exercise price. Following this exercise, 8,547 options tied to Franklin Electric common stock remained outstanding, with an expiration date of February 23, 2027, as disclosed in the filing.
What restricted stock awards does Franklin Electric (FELE) list for its CAO in this filing?
The filing notes 3,168 restricted shares vesting in three equal annual installments from February 19, 2026, 1,698 restricted shares vesting on February 20, 2028, and 1,715 restricted shares vesting on February 22, 2027, along with 928 shares currently owned outright.
Is the Franklin Electric (FELE) CAO’s transaction an open-market sale or tax withholding?
The transaction is reported as an open-market sale. The Form 4 uses transaction code “S” for a sale in the open market or private transaction and does not list any tax withholding transactions, indicating this was a discretionary sale rather than shares withheld for taxes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
