davis delancey w 4

What Happened

• Delancey W. Davis, President (Headwater Companies) of Franklin Electric Co., reported an open-market sale of 200 common shares on May 1, 2026. The shares were sold at $98.78 per share for a total transaction value of $19,755. This was a sale (not a purchase), which is often routine insider selling rather than a bullish signal.

Key Details

• Transaction date and price: May 1, 2026 — 200 shares sold at $98.78 each (total ~$19,755).
• Shares owned after transaction: 12,102 total beneficially owned shares (6,503 shares owned outright after the sale, plus restricted/RSU holdings described below).
• Footnote (F1): Holdings include 2,661 restricted shares vesting in equal 1/3 annual installments beginning on the first anniversary of 2/19/2026; 1,499 RSUs vesting 2/22/2027; 1,439 RSUs vesting 2/20/2028; and 6,703 shares owned outright prior to this sale (reduced by the 200-share disposition).
• Plan/other notes: Transaction reported as an open-market sale (code S). No 10b5-1 plan, tax-withholding, or gift designation is indicated in the filing.
• Filing timeliness: Form 4 was filed on May 5, 2026, which is within the standard two-business-day reporting window and is therefore timely.

Context

• Sales by executives can reflect many reasons (diversification, tax planning, liquidity needs) and do not by themselves indicate company performance. This small, single open-market sale (~$19.8K) is modest relative to typical executive holdings.