GREGG C. SENGSTACK - 18 Apr 2024 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Signature
Gregg C Sengstack
Issuer symbol
FELE
Transactions as of
18 Apr 2024
Net transactions value
+$1,547,452
Form type
4
Filing time
19 Apr 2024, 15:45:17 UTC
Previous filing
26 Feb 2024
Next filing
06 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Award $2,762,819 +27,488 +18% $100.51 182,481 18 Apr 2024 Direct F1
transaction FELE common stock Tax liability $1,215,367 -12,092 -6.6% $100.51 170,389 18 Apr 2024 Direct F2
holding FELE common stock 160,000 18 Apr 2024 By Reporting Person's Trust F3
holding FELE common stock 115,000 18 Apr 2024 By Spouse's Trust F4
holding FELE common stock 10,532 18 Apr 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 Performance Share Units
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 133,581 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.