SENGSTACK GREGG C 4
4 · FRANKLIN ELECTRIC CO INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Franklin Electric Director Gregg Sengstack Receives 366 Shares
What Happened
Gregg C. Sengstack, a director of Franklin Electric Co., received 366 restricted shares that vested on March 1, 2026. The award price is listed at $99.62 per share, giving an acquisition value of about $36,461. To satisfy tax withholding related to the vesting, 145 shares were surrendered (disposed) at the same per-share price, a value of about $14,445.
Key Details
- Transaction date: 2026-03-01 (filed 2026-03-02) — filing appears timely.
- Award: 366 shares acquired at $99.62/share (total ≈ $36,461).
- Tax withholding: 145 shares disposed at $99.62/share (total ≈ $14,445); code F indicates shares were withheld to cover tax liability.
- Footnote F1: vesting of restricted stock awards triggered the acquisition.
- Footnote F2: Reporting holdings include 4,762 restricted shares that vest monthly through 4/1/2027, 11,436 restricted stock units vesting 2/22/2027, and 88,875 shares owned outright (these sum to 105,073 shares referenced in the filing).
- Additional footnotes (F3–F6) note shares held in family/trust arrangements for which the reporting person has varying voting/dispositive power.
Context
This was a routine vesting of restricted stock with shares withheld to cover tax obligations — a common administrative disposition rather than an open-market sale. Vesting/withholding transactions are not the same as a director buying or selling shares to express market views; purchases are typically a more direct bullish signal.
Insider Transaction Report
- Award
common stock
[F1]2026-03-01$99.62/sh+366$36,461→ 105,318 total - Tax Payment
common stock
[F2]2026-03-01$99.62/sh−145$14,445→ 105,173 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 4,762 restricted shares that vest monthly in equal installments through April 1, 2027, 11,436 restricted stock units that vest on 2/22/2027, and 88,875 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.