Franklin Electric director granted 19,947 shares
Franklin Electric director Gregg C. Sengstack reported equity compensation activity in company common stock.
Rhea-AI Filing Summary
Franklin Electric director Gregg C. Sengstack reported equity compensation activity in company common stock. On April 8, 2026, he received a grant of 19,947 shares at $99.33 per share tied to the vesting of Performance Share Units. To cover tax obligations, 7,850 shares were withheld, leaving him with 117,125 directly held shares, including restricted shares, restricted stock units vesting through February 22, 2027, and shares owned outright. He also reports indirect holdings of 29,687 shares through the Sengstack Family Foundation and additional blocks of 160,000, 115,000, and 56,900 shares held via various 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 | 19,947 | $99.33 | $1.98M |
| Exercise Price or Tax Liability | common stock | 7,850 | $99.33 | $780K |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
Holdings After Transaction:
common stock — 117,125 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 Performance Share Units.
- F2. Includes 4,396 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, and 101,293 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
Equity grant: 19,947 shares
Tax withholding shares: 7,850 shares
Direct holdings after transactions: 117,125 shares
+5 more
8 metrics
Equity grant
19,947 shares
Common stock award from vesting of Performance Share Units on April 8, 2026 at $99.33
Tax withholding shares
7,850 shares
Shares delivered to cover tax liability at $99.33 per share on April 8, 2026
Direct holdings after transactions
117,125 shares
Direct Franklin Electric common stock held following April 8, 2026 award and tax withholding
Restricted shares vesting monthly
4,396 shares
Restricted shares vesting in equal monthly installments through April 1, 2027
Restricted stock units
11,436 RSUs
Restricted stock units vesting on February 22, 2027 within direct holdings
Foundation indirect holdings
29,687 shares
Shares held by Sengstack Family Foundation with sole voting and dispositive power
Indirect trust holdings
160,000; 115,000; 56,900 shares
Blocks of common stock held via various family trusts with differing control
Award price
$99.33 per share
Price per share used for the April 8, 2026 grant and tax-withholding calculation
Key Terms
Performance Share Units, restricted shares, restricted stock units, dispositive power, +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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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.
FAQ
What insider transaction did Gregg C. Sengstack report for FELE on April 8, 2026?
Gregg C. Sengstack reported receiving a grant of 19,947 Franklin Electric common shares tied to Performance Share Units. On the same date, 7,850 shares were withheld to satisfy tax obligations, reflecting a compensation-related, non-market transaction rather than an open-market purchase or sale.
What was the tax-withholding component in Gregg C. Sengstack’s FELE Form 4 filing?
The filing shows 7,850 Franklin Electric shares were disposed of as a tax-withholding transaction at $99.33 per share. This represents shares delivered to satisfy tax liabilities triggered by the vesting of Performance Share Units, not an open-market sale decision by the director.
What equity awards are included in Gregg C. Sengstack’s direct FELE holdings?
His direct holdings include 4,396 restricted Franklin Electric shares vesting monthly through April 1, 2027 and 11,436 restricted stock units vesting on February 22, 2027. Alongside 101,293 shares owned outright, these components together sum to his 117,125 directly held shares.
Was Gregg C. Sengstack’s Form 4 for FELE an open-market trade?
No. The Form 4 describes a grant of 19,947 shares from Performance Share Unit vesting and 7,850 shares withheld for taxes at $99.33 each. These are compensation and tax events, not discretionary open-market buying or selling of Franklin Electric stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
