Franklin Electric director vests 366 shares
Director Gregg C. Sengstack reported a restricted stock vesting and related share withholding, along with substantial indirect holdings through a family foundation and trusts.
Rhea-AI Filing Summary
FRANKLIN ELECTRIC CO INC (FELE) director Gregg C. Sengstack reported equity-compensation-related activity in common stock on September 1, 2026. A restricted stock award of 366 shares vested at $98.43 per share, and 145 shares were delivered or withheld for payment of exercise price or tax liability at the same price. No Rule 10b5-1 plan is reported. Indirect holdings include shares held by the Sengstack Family Foundation and several family trusts, with varying levels of voting and investment authority.
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 F1 | 366 | $98.43 | $36K |
| Exercise Price or Tax Liability | common stock F2 | 145 | $98.43 | $14K |
| holding | common stock F3 | -- | -- | -- |
| holding | common stock F4 | -- | -- | -- |
| holding | common stock F5 | -- | -- | -- |
| holding | common stock F6 | -- | -- | -- |
Holdings After Transaction:
common stock — 136,900 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 2,566 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, and 122,898 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 vesting: 366 shares
Shares delivered/withheld for exercise price or tax liability: 145 shares
Per-share value used: $98.43 per share
+5 more
8 metrics
Restricted stock vesting
366 shares
Vesting of restricted stock award on September 1, 2026 at $98.43 per share
Shares delivered/withheld for exercise price or tax liability
145 shares
Code F disposition on September 1, 2026 at $98.43 per share
Per-share value used
$98.43 per share
Applied to both the restricted stock vest and the related Code F share delivery/withholding
Restricted shares vesting monthly
2,566 shares
Restricted shares vesting in equal monthly installments through April 1, 2027
Restricted stock units vesting
11,436 RSUs
Restricted stock units vesting on February 22, 2027
Shares owned outright
122,898 shares
Directly owned Franklin Electric common stock reported in a footnote
Sengstack Family Foundation holdings
29,687 shares
Indirect holdings with Gregg C. Sengstack having sole voting and dispositive power
Gregg Sengstack 2020 Dynasty Trust holdings
160,000 shares
Indirect holdings where the reporting person’s spouse is trustee and he lacks sole voting and investment power
Key Terms
restricted stock awards, restricted stock units, sole voting and dispositive power, tax liability, +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 2,566 restricted shares ... and 11,436 restricted stock units that vest"
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
"for which the reporting person is the president and over which the reporting person has sole voting and dispositive power"
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
indirect ownership financial
"Represents shares held of record by the Sengstack Family Foundation"
FAQ
What insider transactions did FELE director Gregg C. Sengstack report on September 1, 2026?
He reported a grant/award acquisition of 366 common shares from a restricted stock vest and a disposition of 145 shares delivered or withheld to pay exercise price or tax liability, both at $98.43 per share.
Was a Rule 10b5-1 trading plan used for Gregg C. Sengstack’s FELE transactions?
No. The filing indicates no Rule 10b5-1 plan is reported for these transactions, meaning they are not affirmed as executed under a pre-arranged trading plan.
What indirect FELE holdings are reported for Gregg C. Sengstack via the Sengstack Family Foundation?
The Form 4 reports 29,687 shares of Franklin Electric common stock held by the Sengstack Family Foundation, for which Gregg C. Sengstack is president and has sole voting and dispositive power over these shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
