Franklin Electric director reports equity award vesting
Franklin Electric director Gregg C. Sengstack reported equity compensation activity in common stock on August 1, 2026.
Rhea-AI Filing Summary
Franklin Electric director Gregg C. Sengstack reported equity compensation activity in common stock on August 1, 2026. 366 shares vested from restricted stock awards at $104.72 per share, and 145 shares were withheld at the same price to pay exercise price or tax liability associated with the award. His directly held position includes 2,932 restricted shares that vest monthly through April 1, 2027, 11,436 restricted stock units vesting on February 22, 2027, and 116,049 shares owned outright, together with additional indirect holdings through the Sengstack Family Foundation and multiple family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
SENGSTACK GREGG C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | common stock F1 | 366 | $104.72 | $38K |
| Exercise Price or Tax Liability | common stock F2 | 145 | $104.72 | $15K |
| holding | common stock F3 | -- | -- | -- |
| holding | common stock F4 | -- | -- | -- |
| holding | common stock F5 | -- | -- | -- |
| holding | common stock F6 | -- | -- | -- |
Holdings After Transaction:
common stock — 130,417 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. Vest of restricted stock awards.
- F2. 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 116,049 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
Restricted stock vested: 366 shares
Shares withheld: 145 shares
Transaction price: $104.72 per share
+5 more
8 metrics
Restricted stock vested
366 shares
Restricted stock awards vested on August 1, 2026 at $104.72 per share
Shares withheld
145 shares
Withheld on August 1, 2026 at $104.72 per share to pay exercise price or tax liability
Transaction price
$104.72 per share
Price per share reported for both vesting and withholding transactions on August 1, 2026
Unvested restricted shares
2,932 shares
Restricted shares vest monthly in equal installments through April 1, 2027
Restricted stock units
11,436 units
Restricted stock units vest on February 22, 2027
Shares owned outright
116,049 shares
Directly owned Franklin Electric common shares referenced in the holdings footnote
Foundation holdings
29,687 shares
Indirect holdings in Sengstack Family Foundation where he has sole voting and dispositive power
Dynasty Trust holdings
160,000 shares
Shares held by the Gregg Sengstack 2020 Dynasty Trust, where he lacks sole voting and investment power
Key Terms
restricted stock units, dispositive power, voting and investment power, Dynasty Trust, +1 more
5 terms
restricted stock units financial
"Includes 2,932 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.
dispositive power financial
"for 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.
voting and investment power financial
"for which the reporting person does not have sole voting and investment power"
Dynasty Trust financial
"Represents shares held of record by the Gregg Sengstack 2020 Dynasty Trust"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider stock transactions did Gregg C. Sengstack report for Franklin Electric (FELE)?
Gregg C. Sengstack reported 366 Franklin Electric shares vesting from restricted stock awards at $104.72 per share, with 145 shares withheld at the same price to pay exercise price or tax liability, plus updated disclosures of his direct and indirect holdings.
Does the Franklin Electric (FELE) Form 4 indicate remaining unvested equity for Gregg Sengstack?
Yes. The filing notes 2,932 restricted shares that vest monthly through April 1, 2027, and 11,436 restricted stock units vesting on February 22, 2027, indicating continued unvested equity awards in addition to shares already owned outright.
AI-generated analysis. How Rhea-AI works. Not financial advice.
