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Franklin Electric (FELE) director reports restricted stock vesting and tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

FRANKLIN ELECTRIC CO INC director Gregg C. Sengstack reported routine equity compensation and related tax withholding. He received a grant of 366 shares of common stock at $97.44 per share in connection with the vesting of restricted stock awards, while 145 shares at the same price were withheld to cover tax obligations.

After these transactions, he holds 118,439 shares directly, including 3,664 restricted shares that vest monthly through April 1, 2027, 11,436 restricted stock units vesting on February 22, 2027, and 103,194 shares owned outright. Indirect holdings include 29,687 shares held by the Sengstack Family Foundation, 160,000 shares held by a trust for which he is trustee, 56,900 shares in a special trust where he has sole voting and dispositive power, and 115,000 shares in a trust where his spouse is trustee and he does not have sole voting and investment power.

Positive

  • None.

Negative

  • None.

Insights

Small equity grant and tax withholding, largely administrative and routine.

The filing shows Gregg C. Sengstack receiving 366 shares of Franklin Electric common stock at $97.44 per share from vesting restricted stock awards. To satisfy tax obligations, 145 shares were withheld, a standard non‑market mechanism with no open‑market buying or selling.

Following these entries, direct holdings total 118,439 shares, combining time‑vested restricted stock, restricted stock units, and outright ownership. Additional indirect positions sit in several trusts and the Sengstack Family Foundation, with footnotes clarifying where he has sole voting or dispositive power versus where his spouse serves as trustee.

Because the grant size is modest relative to the disclosed holdings and there are no open‑market trades or derivative exercises, this Form 4 primarily updates the record of compensation and trust‑related ownership rather than signaling a change in sentiment or strategy.

Insider SENGSTACK GREGG C
Role null
Type Security Shares Price Value
Grant/Award common stock 366 $97.44 $36K
Tax Withholding common stock 145 $97.44 $14K
holding common stock -- -- --
holding common stock -- -- --
holding common stock -- -- --
holding common stock -- -- --
Holdings After Transaction: common stock — 118,439 shares (Direct, null); common stock — 29,687 shares (Indirect, By Sengstack Family Foundation)
Footnotes (1)
  1. Vest of restricted stock awards. Includes 3,664 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, and 103,194 shares owned outright. 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. 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 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.
Restricted stock grant 366 shares at $97.44 Restricted stock vesting on June 1, 2026
Tax withholding shares 145 shares at $97.44 Shares withheld for tax liability on June 1, 2026
Direct holdings after transactions 118,439 shares Common stock held directly following June 1, 2026 updates
Family foundation holdings 29,687 shares Held by Sengstack Family Foundation with sole voting and dispositive power
Reporting person’s trust holdings 160,000 shares Held by trust where Sengstack is trustee with sole voting and investment power
Spouse’s trust holdings 115,000 shares Held by trust where spouse is trustee; Sengstack lacks sole voting and investment power
Spouse’s special trust holdings 56,900 shares Held by Dianne Sengstack 2025 Special Trust with Sengstack as trustee
Unvested awards detail 3,664 restricted; 11,436 RSUs Restricted shares vest monthly through April 1, 2027; RSUs vest February 22, 2027
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
"Includes 3,664 restricted shares ... and 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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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
"Gregg Sengstack 2020 Dynasty Trust, for which the reporting person's spouse is the trustee"
restricted shares financial
"Includes 3,664 restricted shares that vest monthly in equal installments"
Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
SENGSTACK GREGG C
(Last)(First)(Middle)
9255 COVERDALE RD
(Street)
FORT WAYNE INDIANA 46809
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
FRANKLIN ELECTRIC CO INC [ FELE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
common stock06/01/2026A366(1)A$97.44118,439D
common stock06/01/2026F145D$97.44118,294(2)D
common stock29,687IBy Sengstack Family Foundation(3)
common stock160,000IBy Reporting Person's Trust(4)
common stock115,000IBy Spouse's Trust(5)
common stock56,900IBy Spouse's Special Trust #1(6)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Vest of restricted stock awards.
2. Includes 3,664 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, and 103,194 shares owned outright.
3. 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.
4. 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.
5. 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.
6. 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.
Remarks:
Jonathan M. Grandon, power of attorney for Gregg C. Sengstack06/03/2026
** Signature of Reporting PersonDate
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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

Gregg C. Sengstack reported a grant of 366 shares of Franklin Electric common stock at $97.44 per share from vesting restricted stock awards, and 145 shares withheld at the same price to cover tax liabilities, with no open-market purchases or sales disclosed.

How many Franklin Electric (FELE) shares does Gregg C. Sengstack hold directly after this filing?

After these transactions, Gregg C. Sengstack holds 118,439 Franklin Electric common shares directly. This includes 3,664 restricted shares vesting monthly through April 1, 2027, 11,436 restricted stock units vesting on February 22, 2027, and 103,194 shares owned outright.

What indirect Franklin Electric (FELE) holdings are associated with Gregg C. Sengstack?

Indirectly, 29,687 shares are held by the Sengstack Family Foundation, 160,000 by a trust where he is trustee, 56,900 by a special trust where he has sole voting and dispositive power, and 115,000 by a spouse’s trust where he does not have sole voting and investment power.

Was the tax withholding in Gregg C. Sengstack’s FELE Form 4 an open-market sale?

No. The 145 FELE shares were disposed of under code F, representing shares withheld at $97.44 per share to pay exercise price or tax liabilities. Such tax-withholding dispositions are internal company mechanisms, not open-market sales reflecting trading decisions.

What do the restricted stock and RSU details mean in this FELE Form 4?

The filing notes 3,664 restricted shares vesting monthly through April 1, 2027 and 11,436 restricted stock units vesting on February 22, 2027. These represent time-based equity awards that convert into fully owned shares as vesting milestones are reached.