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Franklin Electric (FELE) � Form 4 insider activity
Director Gregg C. Sengstack reported two transactions on 07/01/2025:
- Code A (acquisition): 366 common shares vested from a restricted-stock grant at an indicated price of $91.775.
- Code F (disposition): 145 shares automatically withheld, typically for tax-withholding purposes, at the same price.
The net result is an increase of 221 shares, bringing Sengstack’s direct holdings to 140,570 shares. He also controls sizable indirect stakes�160,000 shares via the Gregg Sengstack 2020 Dynasty Trust, 115,000 via his spouse’s trust, 9,032 through the Sengstack Family Foundation, and 56,900 held by his spouse—totaling 340,932 indirect shares.
No derivative securities were reported, and the transactions stem from routine equity-compensation vesting rather than open-market buying or selling. Given the small net change (under 0.2 % of his total ownership and immaterial relative to Franklin Electric’s shares outstanding), the filing is viewed as neutral in market impact.
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