SENGSTACK GREGG C 4

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.