GREGG C. SENGSTACK - 22 Feb 2024 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
Chairperson and CEO
Signature
Gregg C Sengstack
Issuer symbol
FELE
Transactions as of
22 Feb 2024
Net transactions value
+$2,069,871
Form type
4
Filing time
26 Feb 2024, 20:24:11 UTC
Previous filing
20 Feb 2024
Next filing
19 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Award $0 +11,436 +7.4% $0.000000 165,359 22 Feb 2024 Direct F1
transaction FELE common stock Sale $1,036,162 -10,366 -6.3% $99.96 154,993 26 Feb 2024 Direct F2
holding FELE common stock 160,000 22 Feb 2024 By Reporting Person's Trust F3
holding FELE common stock 115,000 22 Feb 2024 By Spouse's Trust F4
holding FELE common stock 10,532 22 Feb 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 Award $3,106,033 +31,575 $98.37 31,575 22 Feb 2024 common stock 31,575 $98.37 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units vest 3 years after the 2/22/2024 grant date.
F2 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 118,185 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.
F6 The options become exercisable in three equal installments of 1/3 each year, beginning on the first anniversary of 2/22/2024.