Gregg C. Sengstack - Feb 18, 2024 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
Chairperson and CEO
Signature
Gregg C Sengstack
Stock symbol
FELE
Transactions as of
Feb 18, 2024
Transactions value $
$780,379
Form type
4
Date filed
2/20/2024, 03:27 PM
Previous filing
Dec 7, 2023
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Award $1.4M +13.9K +9.54% $100.28 160K Feb 18, 2024 Direct F1
transaction FELE common stock Tax liability -$618K -6.16K -3.85% $100.28 154K Feb 18, 2024 Direct F2
holding FELE common stock 160K Feb 18, 2024 By Reporting Person's Trust F3
holding FELE common stock 115K Feb 18, 2024 By Spouse's Trust F4
holding FELE common stock 10.5K Feb 18, 2024 By Sengstack Family Foundation F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vest of restricted stock units.
F2 Includes 11,069 restricted stock units that vest on 2/16/2026, 14,303 restricted stock units that vest on 2/24/2025, and 128,551 shares owned outright.
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.
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.
F5 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.