GREGG C. SENGSTACK - 12 Nov 2024 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Signature
Gregg C Sengstack
Issuer symbol
FELE
Transactions as of
12 Nov 2024
Net transactions value
$0
Form type
4
Filing time
14 Nov 2024, 16:42:30 UTC
Previous filing
07 Nov 2024
Next filing
13 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Gift $0 -56,900 -100% $0.000000 0 12 Nov 2024 By Spouse's Special Trust #1 F1, F2
transaction FELE common stock Gift $0 +56,900 $0.000000 56,900 12 Nov 2024 By Spouse F1
holding FELE common stock 160,000 12 Nov 2024 By Reporting Person's Trust F3
holding FELE common stock 115,000 12 Nov 2024 By Spouse's Trust F4
holding FELE common stock 9,032 12 Nov 2024 By Sengstack Family Foundation F5
holding FELE common stock 127,075 12 Nov 2024 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 56,900 shares were transferred from the reporting person's spouse's special trust to his spouse. No funds were exchanged and no sale of shares occurred in the transfer.
F2 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.
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 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.