Franklin Electric Insider Adds 221 Shares; Tax Withholds 145

Rhea-AI Filing Summary

Franklin Electric (FELE) – Form 4 insider activity

Director Gregg C. Sengstack reported two transactions on 07/01/2025:

• Code A (acquisition): 366 common shares vested from a restricted-stock grant at an indicated price of $91.775.
• Code F (disposition): 145 shares automatically withheld, typically for tax-withholding purposes, at the same price.

The net result is an increase of 221 shares, bringing Sengstack’s direct holdings to 140,570 shares. He also controls sizable indirect stakes—160,000 shares via the Gregg Sengstack 2020 Dynasty Trust, 115,000 via his spouse’s trust, 9,032 through the Sengstack Family Foundation, and 56,900 held by his spouse—totaling 340,932 indirect shares.

No derivative securities were reported, and the transactions stem from routine equity-compensation vesting rather than open-market buying or selling. Given the small net change (under 0.2 % of his total ownership and immaterial relative to Franklin Electric’s shares outstanding), the filing is viewed as neutral in market impact.

Positive

• Director increased direct ownership by 221 shares, reinforcing continued insider alignment with shareholders.
• Large cumulative insider holding (≈481 K shares) signals long-term commitment to the company.

Negative

• 145 shares were disposed of for tax withholding (Code F), indicating no discretionary purchase of additional stock.
• Net change represents less than 0.2 % of insider’s holdings, suggesting the transaction is immaterial for market sentiment.

Insights

Equity Research Analyst

TL;DR – Routine vesting; negligible net share increase, neutral signal for FELE.

The filing shows standard compensation-related vesting rather than discretionary buying. A net 221-share addition is immaterial compared with Sengstack’s 481 K overall holdings (direct + indirect) and Franklin Electric’s ~46 M shares outstanding. There is no change to the fundamental outlook, cash flow, or capital allocation strategy. I consider the disclosure neutral for valuation and see no actionable trading catalyst.

Corporate Governance Specialist

TL;DR – Confirms sizeable insider alignment; transaction itself not impactful.

Sengstack continues to hold a significant equity stake, reinforcing shareholder alignment. However, the new Form 4 merely documents scheduled restricted-stock vesting and tax withholding, offering no insight into insider sentiment or governance issues. Impact on governance risk profile is unchanged.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SENGSTACK GREGG C

(Last) (First) (Middle)

738 LATITUDE CIRCLE

(Street)

CHATTANOOGA TN 37402

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FRANKLIN ELECTRIC CO INC [ FELE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
common stock	07/01/2025		A		366(1)	A	$91.775	140,715	D
common stock	07/01/2025		F		145	D	$91.775	140,570(2)	D
common stock								160,000	I	By Reporting Person's Trust(3)
common stock								115,000	I	By Spouse's Trust(4)
common stock								9,032	I	By Sengstack Family Foundation(5)
common stock								56,900	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Vest of restricted stock shares.

2. Includes 7,690 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, 11,069 restricted stock units that vest on 2/16/2026, and 110,375 shares owned outright.

3. 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.

4. 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.

5. 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.

Remarks:

	Jonathan M. Grandon, power of attorney for Gregg C. Sengstack	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

How many FELE shares did Director Gregg Sengstack acquire on 07/01/2025?

366 shares were acquired through restricted-stock vesting.

Did the insider sell any FELE shares in the latest Form 4?

Yes, 145 shares were automatically withheld (Code F) for taxes.

What is Gregg Sengstack’s total direct ownership after the transactions?

He now directly owns 140,570 FELE shares.

How many FELE shares does the insider hold indirectly through trusts and foundations?

Indirect holdings total 340,932 shares across multiple trusts and a foundation.

Are any derivative securities reported in this filing?

No derivative securities were reported.