Franklin Electric director reports share grant, tax withholding
FRANKLIN ELECTRIC CO INC director Gregg C. Sengstack reported routine equity compensation changes.
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 director Gregg C. Sengstack reported routine equity compensation changes. On 2026-07-01, he received a grant of 366 shares of common stock at $105.28 per share and had 145 shares withheld at the same price to cover tax obligations.
After these transactions, Sengstack directly owns 130,562 common shares, which include 3,298 restricted shares vesting monthly through April 1, 2027, 11,436 restricted stock units vesting on February 22, 2027, and 115,828 shares owned outright. He also reports indirect ownership through several trusts and the Sengstack Family Foundation.
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 | $105.28 | $39K |
| Exercise Price or Tax Liability | common stock | 145 | $105.28 | $15K |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
| holding | common stock | -- | -- | -- |
Holdings After Transaction:
common stock — 130,562 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 3,298 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, and 115,828 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
Share grant: 366 shares at $105.28
Tax withholding shares: 145 shares at $105.28
Direct holdings after transactions: 130,707 shares
+5 more
8 metrics
Share grant
366 shares at $105.28
Equity grant/award on July 1, 2026
Tax withholding shares
145 shares at $105.28
Shares withheld for tax obligations on July 1, 2026
Direct holdings after transactions
130,707 shares
Common stock directly owned following July 1, 2026 entries
Restricted shares vesting monthly
3,298 shares
Restricted stock vesting in equal monthly installments through April 1, 2027
Restricted stock units
11,436 units
Restricted stock units vesting on February 22, 2027
Outright owned shares
115,828 shares
Common shares owned outright within direct holdings
Spouse’s Special Trust #1
56,900 shares
Common stock held indirectly via spouse’s special trust
Sengstack Family Foundation
29,687 shares
Common stock held by Sengstack Family Foundation
Key Terms
restricted stock units, tax-withholding disposition, grant, award, or other acquisition, Dynasty Trust, +1 more
5 terms
restricted stock units financial
"Includes 3,298 restricted shares that vest monthly... 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 for 145 shares"
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.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition for 366 shares"
Dynasty Trust financial
"Represents shares held of record by the Gregg Sengstack 2020 Dynasty Trust"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Gregg C. Sengstack report for FRANKLIN ELECTRIC (FELE)?
Gregg C. Sengstack reported a grant of 366 shares of common stock and a tax-withholding disposition of 145 shares, both at $105.28 per share. These entries reflect equity compensation vesting and related tax payments rather than open-market buying or selling activity.
What portion of Gregg C. Sengstack’s FRANKLIN ELECTRIC (FELE) holdings are restricted or unvested?
Sengstack’s direct holdings include 3,298 restricted shares that vest monthly through April 1, 2027, and 11,436 restricted stock units vesting on February 22, 2027. These amounts are in addition to 115,828 common shares that he already owns outright.
What indirect FRANKLIN ELECTRIC (FELE) holdings are reported for Gregg C. Sengstack?
Indirect holdings include shares held by the Sengstack Family Foundation and several trusts. These entities collectively hold tens of thousands of FRANKLIN ELECTRIC shares, with voting and investment authority allocated among Sengstack, his spouse, and the foundation as described in the filing’s footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates