Gregg C. Sengstack - 07 Nov 2024 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
07 Nov 2024, 11:30:05 UTC
Prior SEC filing
06 Nov 2024
Next SEC filing
14 Nov 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Gregg C Sengstack

Key filing fact

Gregg C. Sengstack filed Form 4 for FRANKLIN ELECTRIC CO INC (FELE) on 07 Nov 2024.

Key facts

  • This page summarizes Gregg C. Sengstack's Form 4 filing for FRANKLIN ELECTRIC CO INC (FELE).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 07 Nov 2024, 11:30.

Change

  • Previous filing in this sequence was filed on 06 Nov 2024.
  • Current net transaction value: -$3,957,779.

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
$1,888,804
Shares
+64,952
Change %
+66%
Price
$29.08
Shares after
163,045
Date
07 Nov 2024
Ownership
Direct
FELE transaction

common stock

Tax liability

Transaction value
$3,957,779
Shares
-35,970
Change %
-22%
Price
$110.03
Shares after
127,075
Date
07 Nov 2024
Ownership
Direct
Footnotes
F1
FELE holding

common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
160,000
Date
07 Nov 2024
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
07 Nov 2024
Ownership
By Spouse's Trust
Footnotes
F3
FELE holding

common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
56,900
Date
07 Nov 2024
Ownership
By Spouse's Special Trust #1
Footnotes
F4
FELE holding

common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
9,032
Date
07 Nov 2024
Ownership
By Sengstack Family Foundation
Footnotes
F5

Reported derivative securities

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

FELE transaction Derivative

option

Options Exercise

Transaction value
$1,888,804
Shares
-64,952
Change %
-68%
Price
$29.08
Shares after
30,000
Date
07 Nov 2024
Ownership
Direct
Underlying class
common stock
Underlying amount
64,952
Exercise price
$29.08
Footnotes
F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Includes 11,436 restricted stock units that vest on 2/22/2027, 11,069 restricted stock units that vest on 2/16/2026, 14,303 restricted stock units that vest on 2/24/2025, and 90,267 shares 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

Represents shares held of record by the Dianne Sengstack 2024 Special Trust, for which the reporting person is the trustee and over which the reporting person has sole voting and dispositive power.

Footnote 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.

Footnote F6

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

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