SENGSTACK GREGG C 4

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.