davis delancey w 4

What Happened

• Davis Delancey, President (Headwater Companies), reported an open-market/private sale of 1,900 shares of Franklin Electric (FELE) on 2026-05-26 at $100.00 per share, for a total value of $190,000. The Form 4 was filed on 2026-05-27. This was a sale (transaction code S).

Key Details

• Transaction date and price: 2026-05-26, sold 1,900 shares at $100.00/share.
• Transaction type: Sale (open market or private sale).
• Shares beneficially owned after the transaction (per footnote): 10,402 total, comprised of 4,803 shares owned outright plus restricted stock/RSUs (2,661 restricted shares vesting in equal 1/3 annual installments beginning 2/19/2027, 1,499 RSUs vesting 2/22/2027, and 1,439 RSUs vesting 2/20/2028).
• Notable footnote: Holdings include multiple restricted share/RSU tranches with different vesting dates as listed above.
• No 10b5-1 plan, tax-withholding, or lateness flag was disclosed in the summary information provided.

Context

• Insider sales are common and can be for many personal or financial reasons; they do not by themselves indicate management’s view of the company’s prospects. Purchases tend to be more informative as bullish signals.