Gregg C. Sengstack - 28 Apr 2023 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Reporting relationship: Chairperson and CEO
Issuer ticker: FELE
Reported as of: 28 Apr 2023
Net transaction value: +$1,659,579
SEC form: 4
Accepted by SEC: 01 May 2023, 15:32:10 UTC
Prior SEC filing: 03 Mar 2023
Next SEC filing: 08 May 2023
Source filing: View source filing
Reporting owner signature: Gregg C. Sengstack

Key filing fact

Gregg C. Sengstack filed Form 4 for FRANKLIN ELECTRIC CO INC (FELE) on 01 May 2023.

Key facts

This page summarizes Gregg C. Sengstack's Form 4 filing for FRANKLIN ELECTRIC CO INC (FELE).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 01 May 2023, 15:32.

Change

Previous filing in this sequence was filed on 03 Mar 2023.
Current net transaction value: +$1,659,579.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FELE transaction

common stock

Award

Transaction value: $2,966,825
Shares: +33,160
Change %: +21%
Price: $89.47
Shares after: 191,646
Date: 28 Apr 2023
Ownership: Direct
Footnotes: F1

FELE transaction

common stock

Tax liability

Transaction value: $1,307,246
Shares: -14,611
Change %: -7.6%
Price: $89.47
Shares after: 177,035
Date: 28 Apr 2023
Ownership: Direct
Footnotes: F2

FELE holding

common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 160,000
Date: 28 Apr 2023
Ownership: By Reporting Person's Trust
Footnotes: F3

FELE holding

common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 115,000
Date: 28 Apr 2023
Ownership: By Spouse's Trust
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Vest of Performance Share Units

Footnote F2

Includes 11,069 restricted stock units that vest on 2/16/2026, 14,303 restricted stock units that vest on 2/24/2025, 13,946 restricted stock units that vest on 2/18/2024, and 137,717 owned outright.

Footnote F3

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.

Footnote F4

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.