Director Gregg C. Sengstack of Franklin Electric Co Inc (NASDAQ:FELE) filed a Form 4 on November 3, 2026, disclosing transactions in common stock dated October 30 and November 1, 2026.

Key Highlights

  • GRAT transfer: Sengstack transferred 99,119 shares of common stock to the Gregg Sengstack 2026 GRAT #1 on October 30, 2026, at $0 consideration; no sale of shares occurred.
  • Direct holdings reduced: Following the transfer, Sengstack's directly held shares fell from 136,755 to 37,636 before subsequent activity.
  • Restricted stock vested: On November 1, 2026, 366 restricted stock award shares vested at a price of $95.38 per share.
  • Shares withheld for taxes: On November 1, 2026, 145 shares were disposed of at $95.38, leaving Sengstack with 37,491 shares held directly.
  • Multiple indirect holdings: Sengstack also holds shares indirectly through the 2026 GRAT #1 (99,119 shares), Sengstack Family Foundation (29,687 shares), a reporting person's trust (160,000 shares), a spouse's trust (115,000 shares), and a spouse's special trust (56,900 shares).
  • Trustee role: Sengstack is listed as trustee of the 2026 GRAT #1, the Dianne Sengstack 2020 Dynasty Trust, and the Dianne Sengstack 2025 Special Trust.

Sengstack's October-November 2026 Transactions at Franklin Electric

According to the filing, Gregg C. Sengstack, identified as a director of Franklin Electric Co Inc, executed a series of transactions in the company's common stock on October 30 and November 1, 2026. The most significant was a transfer of 99,119 shares to a newly created grantor retained annuity trust, the Gregg Sengstack 2026 GRAT #1, which the filing states was established on October 30, 2026. The filing notes that "no funds were exchanged and no sale of shares occurred in the transfer," with both the acquisition and disposition coded as transaction code J at a price of $0.

On November 1, 2026, the filing reports that 366 restricted stock award shares vested, coded as transaction A, at a price of $95.38 per share. On the same date, 145 shares were disposed of under transaction code F at $95.38, reducing Sengstack's direct holding to 37,491 shares. The filing specifies that this direct position includes 1,834 restricted shares vesting monthly through April 1, 2027; 11,436 restricted stock units vesting on February 22, 2027; and 24,221 shares owned outright.

Beyond direct holdings, the filing discloses several indirect positions. The Sengstack Family Foundation holds 29,687 shares, over which the filing states Sengstack has "sole voting and dispositive power" as president. The Gregg Sengstack 2020 Dynasty Trust holds 160,000 shares with Sengstack's spouse as trustee, and Sengstack is noted as not having sole voting and investment power over those shares. The Dianne Sengstack 2020 Dynasty Trust holds 115,000 shares and the Dianne Sengstack 2025 Special Trust holds 56,900 shares, with Sengstack listed as trustee for both.

What Was Disclosed

The filing reports a transfer of 99,119 Franklin Electric common shares into a new GRAT at no consideration, a vesting of 366 restricted shares, and a disposition of 145 shares, all by director Gregg C. Sengstack, with resulting direct and indirect ownership positions detailed across multiple entities.