SENGSTACK GREGG C 4

What Happened
Gregg C. Sengstack, a director of Franklin Electric Co., had 11,069 restricted stock units (RSUs) vest on Feb 16, 2026 (value ≈ $1,205,857 at $108.94/share). To satisfy tax withholding, 4,410 of those shares were surrendered/withheld (value ≈ $480,425), resulting in a net increase of 6,659 shares retained by Sengstack. These transactions are coded as an award/vesting (A) and tax withholding/payment (F).

Key Details

• Transaction date: 2026-02-16; Filing date: 2026-02-18 (filed within the normal 2-business-day window).
• Vesting: 11,069 RSUs vested at $108.94/share (total ≈ $1,205,857).
• Tax withholding: 4,410 shares withheld at $108.94/share (total ≈ $480,425).
• Net new shares retained from the vesting: 6,659 shares.
• Reported beneficial holdings (per footnotes): includes 88,754 shares owned outright, 11,436 RSUs vesting 2/22/2027, and 5,128 RSUs vesting monthly through 4/1/2027; additional shares are held in family foundations/trusts (see filing footnotes).
• Codes: A = award/vesting; F = shares withheld to cover tax liability (not an open-market sale).

Context

• This was a routine RSU vesting event with shares withheld to cover taxes (common practice). It is not an open-market purchase or sale that signals active trading intent.
• For retail investors, vesting and withholding are administrative events; they change insider ownership counts but do not necessarily imply a change in sentiment about the company.