Gregg C. Sengstack - Nov 5, 2021 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
Chairperson and CEO
Signature
Gregg C. Sengstack
Stock symbol
FELE
Transactions as of
Nov 5, 2021
Transactions value $
-$2,635,548
Form type
4
Date filed
11/8/2021, 03:50 PM
Previous filing
Nov 3, 2021
Next filing
Nov 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Options Exercise $709K +21.8K +11.88% $32.53 205K Nov 5, 2021 Direct
transaction FELE common stock Tax liability -$1.27M -14K -6.82% $90.46 191K Nov 5, 2021 Direct
transaction FELE common stock Options Exercise $835K +22.1K +11.53% $37.88 213K Nov 8, 2021 Direct
transaction FELE common stock Tax liability -$1.37M -14.7K -6.91% $92.92 199K Nov 8, 2021 Direct F1
holding FELE common stock 160K Nov 5, 2021 By Reporting Person's Trust F2
holding FELE common stock 115K Nov 5, 2021 By Spouse's Trust F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FELE option Options Exercise -$709K -21.8K -100% $32.53 0 Nov 5, 2021 common stock 21.8K $32.53 Direct F4
transaction FELE option Options Exercise -$835K -22.1K -100% $37.88 0 Nov 8, 2021 common stock 22.1K $37.88 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 13,946 restricted stock units that vest 3 years from the 2/18/2021 grant date, 16,580 restricted stock units that vest 3 years from the 2/20/2020 grant date, 16,316 restricted stock units that vest 3 years from the 2/21/2019 grant date, 20,497 restricted stock units that vest 4 years from the 2/22/2018 grant date, and 131,201 owned outright.
F2 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.
F3 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.
F4 The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.