Franklin Electric director Sengstack's 366 awards vest
The 145-share delivery or withholding entry is separate from the restricted-stock award vesting reported for the same day.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Franklin Electric Co. Inc. (FELE) director Gregg C. Sengstack reported vesting of 366 restricted stock awards on October 1, 2026. That day, 145 shares were delivered or withheld for payment of exercise price or tax liability at a reported $96.47 per share. Separate entries list indirect holdings of 29,687 shares by the Sengstack Family Foundation, 160,000 by the Gregg Sengstack 2020 Dynasty Trust, 115,000 by the Dianne Sengstack 2020 Dynasty Trust, and 56,900 by the Dianne Sengstack 2025 Special Trust.
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 | $96.47 | $35K |
| Exercise Price or Tax Liability | common stock F2 | 145 | $96.47 | $14K |
| holding | common stock F3 | -- | -- | -- |
| holding | common stock F4 | -- | -- | -- |
| holding | common stock F5 | -- | -- | -- |
| holding | common stock F6 | -- | -- | -- |
Holdings After Transaction:
common stock — 136,755 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 2,200 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, and 123,119 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 awards vested: 366 shares
Shares delivered or withheld: 145 shares
Reported price per share: $96.47 per share
+4 more
7 metrics
Restricted stock awards vested
366 shares
October 1, 2026
Shares delivered or withheld
145 shares
For payment of exercise price or tax liability on October 1, 2026
Reported price per share
$96.47 per share
October 1, 2026 transactions
Sengstack Family Foundation holding
29,687 shares
Indirect holding
Gregg Sengstack 2020 Dynasty Trust holding
160,000 shares
Indirect holding
Dianne Sengstack 2020 Dynasty Trust holding
115,000 shares
Indirect holding
Dianne Sengstack 2025 Special Trust holding
56,900 shares
Indirect holding
Key Terms
restricted stock awards, restricted stock units, sole voting and dispositive power, sole voting and investment power
4 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
"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.
sole voting and dispositive power regulatory
"over which the reporting person has sole voting and dispositive power"
sole voting and investment power regulatory
"over which the reporting person has sole voting and investment power"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What voting or investment authority did Gregg C. Sengstack report over indirect FELE holdings?
The footnotes state that he had sole voting and dispositive power over the 29,687 shares held by the Sengstack Family Foundation, but did not have sole voting and investment power over 160,000 shares held by the Gregg Sengstack 2020 Dynasty Trust. He had sole voting and investment power over 115,000 shares in the Dianne Sengstack 2020 Dynasty Trust and sole voting and dispositive power over 56,900 shares in the Dianne Sengstack 2025 Special Trust.
AI-generated analysis. How Rhea-AI works. Not financial advice.
