SENGSTACK GREGG C 4
4 · FRANKLIN ELECTRIC CO INC · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Franklin Electric (FELE) Director Gregg Sengstack Receives Award
What Happened
Gregg C. Sengstack, a director of Franklin Electric Co., had 366 restricted shares vest on Feb 1, 2026 (report filed Feb 3, 2026). The vested shares were valued at $99.62 each (total $36,461). To cover tax withholding, 164 of those shares were surrendered (disposed) at the same per‑share value (total $16,338), leaving a net increase of 202 shares (net value ≈ $20,123).
Key Details
- Transaction dates and prices:
- 2026-02-01 — Award/vest: 366 shares @ $99.62 ($36,461) (code A; footnote F1: vest of restricted stock awards).
- 2026-02-01 — Tax withholding: 164 shares @ $99.62 ($16,338) (code F; shares withheld to satisfy tax liability).
- Shares owned after transaction: reporting shows 82,095 shares owned outright prior to this vest; after netting the withholding, outright holdings increase by 202 to about 82,297 shares. (Footnote F2 describes additional restricted/RSU holdings that vest later.)
- Notable footnotes:
- F1: Vesting of restricted stock awards.
- F2: Details other restricted shares and RSUs that vest over 2026–2027 and current outright holdings.
- F3–F6: Some shares are held of record by family foundations and trusts (reporting person has varying voting/dispositive power).
- Filing timeliness: Report filed Feb 3, 2026 for a Feb 1 transaction (appears timely under Form 4 rules).
Context
This was a vesting of restricted stock awards rather than an open‑market purchase or sale. The 164‑share disposition reflects shares withheld to cover tax obligations (a common administrative step), not a voluntary sale for investment reasons. The filing also notes additional restricted/RSU grants that vest in future periods and trust/foundation holdings that affect overall beneficial ownership.
Insider Transaction Report
- Award
common stock
[F1]2026-02-01$99.62/sh+366$36,461→ 109,892 total - Tax Payment
common stock
[F2]2026-02-01$99.62/sh−164$16,338→ 109,728 total
- 29,687(indirect: By Foundation)
common stock
[F3] - 160,000(indirect: By Trust)
common stock
[F4] - 115,000(indirect: By Trust)
common stock
[F5] - 56,900(indirect: By Trust)
common stock
[F6]
Footnotes (6)
- [F1]Vest of restricted stock awards.
- [F2]Includes 5,128 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, 11,069 restricted stock units that vest on 2/16/2026, and 82,095 shares owned outright.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]Represents shares held of record by the Dianne Sengstack 2025 Special Trust, for which the reporting person is the trustee and over which the reporting person has sole voting and dispositive power.