Franklin Electric (FELE) executive sells 200 shares, holds 12,302
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FRANKLIN ELECTRIC CO INC executive Delancey W. Davis, President of Headwater Companies, completed an open-market sale of 200 shares of common stock at $98.775 per share on May 1, 2026. This transaction represents a small portion of his holdings.
After the sale, he directly holds 12,302 shares, including 2,661 restricted shares that vest in three equal annual installments beginning on February 19, 2027, 1,439 restricted stock units that vest on February 20, 2028, 1,499 restricted stock units that vest on February 22, 2027, and 6,703 shares owned outright.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 200 shares ($19,755)
Net Sell
1 txn
Insider
davis delancey w
Role
President, Headwater Companies
Sold
200 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | common stock | 200 | $98.775 | $20K |
Holdings After Transaction:
common stock — 12,302 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 200 shares
Sale price: $98.775 per share
Shares held after sale: 12,302 shares
+4 more
7 metrics
Shares sold
200 shares
Open-market sale on May 1, 2026
Sale price
$98.775 per share
Common stock transaction code S
Shares held after sale
12,302 shares
Direct ownership following transaction
Restricted shares
2,661 shares
Vesting in three equal annual installments beginning Feb 19, 2027
RSUs vesting 2028
1,439 units
Restricted stock units vesting on Feb 20, 2028
RSUs vesting 2027
1,499 units
Restricted stock units vesting on Feb 22, 2027
Shares owned outright
6,703 shares
Common stock owned directly
Key Terms
open-market sale, restricted shares, restricted stock units
3 terms
open-market sale financial
"completed an open-market sale of 200 shares of common stock"
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.
restricted stock units financial
"restricted stock units that vest on 2/20/2028, 1,499 restricted stock units"
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.
FAQ
What insider transaction did Franklin Electric (FELE) report for Delancey W. Davis?
Franklin Electric reported that executive Delancey W. Davis completed an open-market sale of 200 shares of common stock at $98.775 per share on May 1, 2026. The filing classifies this as a sale transaction under code S.
What portion of Delancey W. Davis’s Franklin Electric (FELE) holdings was sold?
Delancey W. Davis sold 200 shares compared with 12,302 shares held after the sale, indicating only a small portion of his position was transacted. The filing thus shows a relatively minor open-market sale by the executive.
What future vesting equity awards does Delancey W. Davis have at Franklin Electric (FELE)?
The filing notes 2,661 restricted shares vesting in three equal annual installments starting February 19, 2027, 1,439 restricted stock units vesting on February 20, 2028, and 1,499 restricted stock units vesting on February 22, 2027, in addition to shares owned outright.
Is Delancey W. Davis’s ownership in Franklin Electric (FELE) direct or indirect?
The reported 12,302 Franklin Electric shares are held as direct ownership by Delancey W. Davis. The transaction record lists the ownership type as direct and does not reference any intermediary entities such as trusts or partnerships.