Director Gregg Sengstack adds Franklin Electric (FELE) shares via equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Franklin Electric director Gregg C. Sengstack reported compensation-related equity activity in company common stock. On April 1, 2026, he received a grant of 366 shares at $93.62 per share, with 145 shares withheld to cover tax obligations.
After these transactions, he directly owns 105,028 common shares, including restricted stock and restricted stock units that vest over time. He also reports additional indirect holdings through the Sengstack Family Foundation and several family trusts, where his voting and investment authority varies based on trustee roles.
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 | 366 | $93.62 | $34K |
| Tax Withholding | common stock | 145 | $93.62 | $14K |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
Holdings After Transaction:
common stock — 105,173 shares (Direct);
common stock — 29,687 shares (Indirect, By Sengstack Family Foundation)
Footnotes (1)
- Vest of restricted stock awards. 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 89,196 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.
Key Figures
Equity grant: 366 shares
Grant price: $93.62 per share
Tax withholding shares: 145 shares
+5 more
8 metrics
Equity grant
366 shares
Common stock award on April 1, 2026 at $93.62
Grant price
$93.62 per share
Price used for 366-share stock grant and tax withholding
Tax withholding shares
145 shares
Shares withheld to satisfy tax obligations on the award
Direct holdings after transactions
105,028 shares
Common stock directly owned after April 1, 2026 activity
Spouse's Special Trust #1 holdings
56,900 shares
Indirect ownership via Dianne Sengstack 2025 Special Trust
Sengstack Family Foundation holdings
29,687 shares
Indirect holdings where reporting person has sole voting power
Reporting Person's Trust holdings
160,000 shares
Indirect ownership via Gregg Sengstack 2020 Dynasty Trust
Spouse's Trust holdings
115,000 shares
Indirect ownership via Dianne Sengstack 2020 Dynasty Trust
Key Terms
restricted stock awards, restricted stock units, tax-withholding disposition, Dynasty Trust, +1 more
5 terms
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 4,396 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" with code F"
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.
Dynasty Trust financial
"Gregg Sengstack 2020 Dynasty Trust, for which the reporting person's spouse is the trustee"
Special Trust financial
"Dianne Sengstack 2025 Special Trust, for which the reporting person is the trustee"
FAQ
What insider transactions did Gregg C. Sengstack report for FELE?
Gregg C. Sengstack reported a share grant and related tax withholding. He received 366 shares of Franklin Electric common stock, with 145 shares withheld to satisfy tax obligations, reflecting routine equity-based compensation rather than open-market buying or selling activity.
What indirect Franklin Electric holdings are reported through trusts and foundations?
The filing lists indirect holdings through the Sengstack Family Foundation and several dynasty and special trusts. In some entities he has sole voting and dispositive power, while in at least one trust his spouse serves as trustee, so he does not have sole voting and investment authority.