Gregg C. Sengstack - Nov 7, 2024 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
Executive Chairperson
Signature
Gregg C Sengstack
Stock symbol
FELE
Transactions as of
Nov 7, 2024
Transactions value $
-$3,957,779
Form type
4
Date filed
11/7/2024, 11:30 AM
Previous filing
Nov 6, 2024
Next filing
Nov 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Options Exercise $1.89M +65K +66.21% $29.08 163K Nov 7, 2024 Direct
transaction FELE common stock Tax liability -$3.96M -36K -22.06% $110.03 127K Nov 7, 2024 Direct F1
holding FELE common stock 160K Nov 7, 2024 By Reporting Person's Trust F2
holding FELE common stock 115K Nov 7, 2024 By Spouse's Trust F3
holding FELE common stock 56.9K Nov 7, 2024 By Spouse's Special Trust #1 F4
holding FELE common stock 9.03K Nov 7, 2024 By Sengstack Family Foundation F5

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 -$1.89M -65K -68.41% $29.08 30K Nov 7, 2024 common stock 65K $29.08 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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 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.
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.
F6 The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.