davis delancey w 4

What Happened Davis Delancey W., President, Headwater Companies, was granted 2,661 restricted shares of Franklin Electric on 2026-02-19 at a reported price of $94.71 per share, for a grant value of $252,023. The Form 4 reports the transaction as an award/grant (transaction code A), i.e., a compensation equity grant rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-02-19, 2,661 shares at $94.71 each (total $252,023).
• Vesting: The 2,661 restricted shares vest in three equal annual installments beginning on the first anniversary of 2/19/2026 (per footnote F1).
• Other holdings disclosed (footnote F2): includes 1,439 RSUs vesting 2/20/2028, 1,499 RSUs vesting 2/22/2027, and 5,341 shares owned outright.
• Shares owned after grant (beneficially): 10,940 total shares (5,341 outright + restricted/RSUs noted above).
• Filing: Form 4 filed 2026-02-23 (within the standard two-business-day reporting window) — timely.
• Transaction code: A = Award / Grant (restricted stock / RSU type award).

Context This was an equity compensation award that will vest over time; such grants are routine for executive compensation and are not the same as an insider buying stock in the open market. Restricted shares typically cannot be sold until they vest. For investors, these awards indicate continued executive equity ownership but do not by themselves imply an immediate bullish or bearish trading signal.