Franklin Electric (FELE) director receives 1,459-share board award
Rhea-AI Filing Summary
SENGSTACK GREGG C reported acquisition or exercise transactions in this Form 4 filing.
Franklin Electric director Gregg C. Sengstack reported a stock award and updated share holdings. He received 1,459 shares of common stock as payment for his 2026 Board of Director stock award, which he elected to take in stock rather than cash. After this grant, he directly holds 118,439 shares, including restricted shares and restricted stock units that vest through 2027. The filing also lists additional indirect holdings in various family trusts and the Sengstack Family Foundation, some of which he controls through sole voting and dispositive power, while others are overseen by his spouse as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,459 shares
Net Buy
5 txns
Insider
SENGSTACK GREGG C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | common stock | 1,459 | $0.00 | $0.00 |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
Holdings After Transaction:
common stock — 118,439 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)
Footnotes (6)
- F1. Shares vest immediately as payment for the 2026 Board of Director stock award, which Mr. Sengstack elected to receive in common stock.
- F2. Includes 4,030 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, and 102,973 shares owned outright.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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
Board stock award: 1,459 shares
Direct holdings after award: 118,439 shares
Restricted shares: 4,030 shares
+5 more
8 metrics
Board stock award
1,459 shares
2026 Board of Director stock award in common stock
Direct holdings after award
118,439 shares
Common stock directly held after 1,459-share grant
Restricted shares
4,030 shares
Restricted shares vesting monthly through April 1, 2027
Restricted stock units
11,436 units
RSUs vesting on February 22, 2027
Outright owned within direct holding
102,973 shares
Shares owned outright as part of direct position
Family foundation holding
29,687 shares
Held by Sengstack Family Foundation with sole voting and dispositive power
Spouse’s Dynasty Trust holding
56,900 shares
Held by Gregg Sengstack 2020 Dynasty Trust; spouse is trustee
Dianne Sengstack trusts holdings
275,000 shares
160,000 in 2020 Dynasty Trust and 115,000 in 2025 Special Trust
Key Terms
restricted shares, restricted stock units, dispositive power, Dynasty Trust, +1 more
5 terms
restricted stock units financial
"11,436 restricted stock units that vest on 2/22/2027"
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.
dispositive power financial
"over which the reporting person has sole voting and dispositive power"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Dynasty Trust financial
"Represents shares held of record by the Gregg Sengstack 2020 Dynasty Trust"
Form 4 regulatory
"INSIDER FILING DATA (Form 4): {"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Gregg C. Sengstack report in this Franklin Electric (FELE) Form 4?
Gregg C. Sengstack reported receiving 1,459 Franklin Electric common shares as a 2026 board stock award. The filing also updates his direct and indirect holdings, including restricted shares, restricted stock units, and shares held through several family trusts and the Sengstack Family Foundation.
What are Gregg C. Sengstack’s direct Franklin Electric (FELE) holdings after this Form 4?
After the award, he directly holds 118,439 Franklin Electric shares. This includes 4,030 restricted shares vesting monthly through April 1, 2027, 11,436 restricted stock units vesting on February 22, 2027, and 102,973 shares owned outright according to the filing’s footnotes.
What indirect Franklin Electric holdings are reported for Gregg C. Sengstack?
The filing lists indirect holdings through several entities: 29,687 shares via the Sengstack Family Foundation, 160,000 shares via the Dianne Sengstack 2020 Dynasty Trust, 115,000 shares via the Dianne Sengstack 2025 Special Trust, and 56,900 shares via the Gregg Sengstack 2020 Dynasty Trust.