Director Gregg C. Sengstack filed a Form 4 with the SEC on August 10, 2026, disclosing two transactions in Franklin Electric Co Inc common stock dated August 7, 2026, including an option exercise and a tax-withholding share disposal.

Key Highlights

  • Option exercise: Sengstack acquired 18,000 shares of common stock on August 7, 2026, via transaction code M at an exercise price of $43 per share.
  • Share withholding: 11,372 shares were disposed of on August 7, 2026, via transaction code F at a price of $109.46 per share.
  • Direct ownership after transactions: 137,045 shares held directly, including 2,932 restricted shares vesting monthly through April 1, 2027, 11,436 restricted stock units vesting on February 22, 2027, and 122,677 shares owned outright, according to the filing.
  • Remaining options: 17,569 options with an exercise price of $43 and an expiration date of February 24, 2027, remain outstanding, per the filing.
  • Indirect holdings: Sengstack also holds indirect beneficial ownership in shares through four vehicles: the Sengstack Family Foundation (29,687 shares), the Gregg Sengstack 2020 Dynasty Trust (160,000 shares), the Dianne Sengstack 2020 Dynasty Trust (115,000 shares), and the Dianne Sengstack 2025 Special Trust (56,900 shares).
  • Filing signed by: Jonathan M. Grandon, identified as power of attorney for Gregg C. Sengstack, on August 10, 2026.

Sengstack Option Exercise and Withholding Details at Franklin Electric

According to the Form 4 filed with the SEC, Gregg C. Sengstack, a director of Franklin Electric Co Inc (FELE), reported two transactions in the company's common stock on August 7, 2026. First, Sengstack exercised options to acquire 18,000 shares at a price of $43 per share (transaction code M). Second, 11,372 shares were disposed of at $109.46 per share under transaction code F, which the filing indicates reflects shares withheld for tax purposes.

Following these transactions, the filing reports that Sengstack directly owns 137,045 shares. The filing's footnotes explain that this total includes 2,932 restricted shares vesting in equal monthly installments through April 1, 2027; 11,436 restricted stock units vesting on February 22, 2027; and 122,677 shares owned outright. In addition, 17,569 options at an exercise price of $43, expiring February 24, 2027, remain held directly, per Table II of the filing.

The filing also discloses four categories of indirect beneficial ownership. The Sengstack Family Foundation holds 29,687 shares, over which Sengstack is stated to have sole voting and dispositive power as president. The Dianne Sengstack 2020 Dynasty Trust (115,000 shares) and the Dianne Sengstack 2025 Special Trust (56,900 shares) are held with Sengstack as trustee. The Gregg Sengstack 2020 Dynasty Trust (160,000 shares) is held by a trust for which the reporting person's spouse is the trustee and over which, according to the filing, the reporting person does not have sole voting and investment power.

What Was Disclosed

The filing reports an August 7, 2026, option exercise of 18,000 shares at $43 and a same-day disposal of 11,372 shares at $109.46, leaving Sengstack with 137,045 shares held directly and substantial additional indirect holdings across four entities.