Franklin Electric (FELE) director Gregg Sengstack exercises 18,000 options, shifts share holdings
Rhea-AI Filing Summary
Franklin Electric director Gregg C. Sengstack exercised options for 18,000 shares of common stock on 2026-08-07 at an exercise price of $43.00 per share. The corresponding option position decreased by 18,000 options, leaving 17,569 options outstanding, and 18,000 common shares were acquired.
On the same date, 11,372 common shares were delivered or withheld at $109.46 per share for payment of exercise price or tax liability, and his direct holdings include 2,932 restricted shares that vest monthly through April 1, 2027, 11,436 restricted stock units vesting on February 22, 2027, and 122,677 shares owned outright. He also reports indirect ownership of additional common shares held through the Sengstack Family Foundation and several family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,628 shares
Net Buy
7 txns
Insider
SENGSTACK GREGG C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | option F6 | 18,000 | $43.00 | $774K |
| Exercise | common stock | 18,000 | $43.00 | $774K |
| Exercise Price or Tax Liability | common stock F1 | 11,372 | $109.46 | $1.24M |
| holding | common stock F2 | -- | -- | -- |
| holding | common stock F3 | -- | -- | -- |
| holding | common stock F4 | -- | -- | -- |
| holding | common stock F5 | -- | -- | -- |
Holdings After Transaction:
option — 17,569 shares (Direct);
common stock — 137,045 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. Includes 2,932 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, and 122,677 shares owned outright.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.
Key Figures
Options exercised: 18,000 shares
Option exercise price: $43.00 per share
Remaining options: 17,569 options
+5 more
8 metrics
Options exercised
18,000 shares
Options exercised into common stock on 2026-08-07 at $43.00 per share
Option exercise price
$43.00 per share
Exercise price for 18,000 options converted to common stock
Remaining options
17,569 options
Options held directly after the 18,000-option exercise
Shares delivered/withheld (code F)
11,372 shares
Common shares delivered or withheld at $109.46 for exercise price or tax liability
Code F price
$109.46 per share
Per-share value used for 11,372 common shares delivered or withheld
Restricted shares
2,932 shares
Restricted shares vesting monthly in equal installments through April 1, 2027
Restricted stock units
11,436 units
Restricted stock units vesting on February 22, 2027
Outright owned shares
122,677 shares
Common shares owned outright directly by the reporting person
Key Terms
restricted stock units, derivative security, dispositive power, Dynasty Trust, +1 more
5 terms
restricted stock units financial
"Includes 2,932 restricted shares that vest monthly... and 11,436 restricted stock units that vest"
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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"
withholding securities financial
"Payment of exercise price or tax liability by delivering or withholding securities"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Franklin Electric (FELE) director Gregg C. Sengstack report in this Form 4?
Gregg C. Sengstack reported exercising options for 18,000 shares of Franklin Electric common stock at $43.00 per share, followed by a share disposition coded F related to 11,372 shares.
How many options did Gregg C. Sengstack exercise in the latest FELE filing?
He exercised 18,000 options into an equal number of Franklin Electric common shares at an exercise price of $43.00 per share, reducing his remaining option position to 17,569 options outstanding after the transaction.
What does the F-coded transaction in the FELE Form 4 represent?
The F-coded transaction covers 11,372 common shares at $109.46 per share, which were delivered or withheld for payment of the option exercise price or related tax liability, rather than an open-market sale of shares.
What direct equity holdings does Gregg C. Sengstack report in FELE stock?
He reports direct holdings including 2,932 restricted shares vesting monthly through April 1, 2027, 11,436 restricted stock units vesting on February 22, 2027, and 122,677 common shares owned outright, in addition to option holdings.
What indirect Franklin Electric (FELE) holdings are reported through family entities?
Indirect FELE holdings are reported through the Sengstack Family Foundation with 29,687 shares, the Gregg Sengstack 2020 Dynasty Trust with 160,000 shares, the Dianne Sengstack 2020 Dynasty Trust with 115,000 shares, and the Dianne Sengstack 2025 Special Trust with 56,900 shares.
Were Gregg C. Sengstack’s FELE transactions made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, indicating these transactions are not reported as having been made pursuant to a Rule 10b5-1 trading plan in this disclosure.