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

Role
Chairperson and CEO
Signature
Gregg C Sengstack
Stock symbol
FELE
Transactions as of
Jun 12, 2023
Transactions value $
-$4,258,189
Form type
4
Date filed
6/14/2023, 05:27 PM
Previous filing
May 11, 2023
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Options Exercise $1.21M +33K +19.64% $36.67 201K Jun 12, 2023 Direct
transaction FELE common stock Tax liability -$2.11M -21.4K -10.65% $98.45 180K Jun 12, 2023 Direct
transaction FELE common stock Options Exercise $1.22M +33.1K +18.45% $36.67 213K Jun 13, 2023 Direct
transaction FELE common stock Tax liability -$2.15M -21.4K -10.04% $100.65 191K Jun 13, 2023 Direct F1
holding FELE common stock 160K Jun 12, 2023 By Reporting Person's Trust F2
holding FELE common stock 115K Jun 12, 2023 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 -$1.21M -33K -49.89% $36.67 33.1K Jun 12, 2023 common stock 33K $36.67 Direct F4
transaction FELE option Options Exercise -$1.22M -33.1K -100% $36.67 0 Jun 13, 2023 common stock 33.1K $36.67 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.