Gregg C. Sengstack - 12 Jun 2023 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Reporting relationship: Chairperson and CEO
Issuer ticker: FELE
Reported as of: 12 Jun 2023
Net transaction value: -$4,258,189
SEC form: 4
Accepted by SEC: 14 Jun 2023, 17:27:06 UTC
Prior SEC filing: 11 May 2023
Next SEC filing: 02 Aug 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 14 Jun 2023.

Key facts

This page summarizes Gregg C. Sengstack's Form 4 filing for FRANKLIN ELECTRIC CO INC (FELE).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 14 Jun 2023, 17:27.

Change

Previous filing in this sequence was filed on 11 May 2023.
Current net transaction value: -$4,258,189.

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

Options Exercise

Transaction value: $1,210,110
Shares: +33,000
Change %: +20%
Price: $36.67
Shares after: 201,035
Date: 12 Jun 2023
Ownership: Direct

FELE transaction

common stock

Tax liability

Transaction value: $2,108,405
Shares: -21,416
Change %: -11%
Price: $98.45
Shares after: 179,619
Date: 12 Jun 2023
Ownership: Direct

FELE transaction

common stock

Options Exercise

Transaction value: $1,215,390
Shares: +33,144
Change %: +18%
Price: $36.67
Shares after: 212,763
Date: 13 Jun 2023
Ownership: Direct

FELE transaction

common stock

Tax liability

Transaction value: $2,149,783
Shares: -21,359
Change %: -10%
Price: $100.65
Shares after: 191,404
Date: 13 Jun 2023
Ownership: Direct
Footnotes: F1

FELE holding

common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 160,000
Date: 12 Jun 2023
Ownership: By Reporting Person's Trust
Footnotes: F2

FELE holding

common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 115,000
Date: 12 Jun 2023
Ownership: By Spouse's Trust
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FELE transaction Derivative

option

Options Exercise

Transaction value: $1,210,110
Shares: -33,000
Change %: -50%
Price: $36.67
Shares after: 33,144
Date: 12 Jun 2023
Ownership: Direct
Underlying class: common stock
Underlying amount: 33,000
Exercise price: $36.67
Footnotes: F4

FELE transaction Derivative

option

Options Exercise

Transaction value: $1,215,390
Shares: -33,144
Change %: -100%
Price: $36.67
Shares after: 0
Date: 13 Jun 2023
Ownership: Direct
Underlying class: common stock
Underlying amount: 33,144
Exercise price: $36.67
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

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 152,086 owned outright.

Footnote 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.

Footnote 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.

Footnote F4

The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.