Franklin Electric (FELE) executive sells 1,900 shares at $100 each
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Franklin Electric Co. Inc. executive Delancey W. Davis, President of Headwater Companies, reported an open-market sale of 1,900 shares of common stock at $100.00 per share on May 26, 2026. After this transaction, he directly holds 10,402 shares.
The reported holdings include 2,661 restricted shares that vest in three equal annual installments beginning on February 19, 2026, 1,439 restricted stock units that vest on February 20, 2028, 1,499 restricted stock units that vest on February 22, 2027, and 4,803 shares owned outright.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,900 shares ($190,000)
Net Sell
1 txn
Insider
davis delancey w
Role
President, Headwater Companies
Sold
1,900 shs ($190K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | common stock | 1,900 | $100.00 | $190K |
Holdings After Transaction:
common stock — 10,402 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,900 shares
Sale price: $100.00 per share
Shares held after sale: 10,402 shares
+4 more
7 metrics
Shares sold
1,900 shares
Open-market sale of common stock on May 26, 2026
Sale price
$100.00 per share
Price for 1,900 common shares sold
Shares held after sale
10,402 shares
Direct ownership following the reported transaction
Restricted shares
2,661 shares
Vest in three equal annual installments beginning February 19, 2026
RSUs vesting 2028
1,439 units
Restricted stock units vesting on February 20, 2028
RSUs vesting 2027
1,499 units
Restricted stock units vesting on February 22, 2027
Outright owned shares
4,803 shares
Shares owned outright as described in footnote
Key Terms
restricted shares, restricted stock units, open-market sale
3 terms
restricted stock units financial
"1,439 restricted stock units that vest on 2/20/2028, 1,499 restricted stock units that vest on 2/22/2027"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
open-market sale financial
"transaction_action: "open-market sale" for the 1,900 shares of common stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did Franklin Electric (FELE) report in this Form 4?
Franklin Electric reported that executive Delancey W. Davis completed an open-market sale of 1,900 shares of common stock at $100.00 per share on May 26, 2026, as disclosed in the Form 4 insider trading filing.
Who is the Franklin Electric (FELE) insider involved in this sale?
The insider is Delancey W. Davis, who serves as President of Headwater Companies at Franklin Electric. He reported a direct, open-market sale of 1,900 common shares, according to the Form 4 filing’s transaction details.
What future vesting dates are disclosed for Franklin Electric (FELE) restricted stock units?
The filing notes 1,439 restricted stock units vesting on February 20, 2028, and 1,499 restricted stock units vesting on February 22, 2027. These future vesting dates indicate when those units convert into Franklin Electric common shares.
Was the Franklin Electric (FELE) insider sale classified as an open-market transaction?
Yes. The transaction code is “S” with a description stating it is a sale in an open market or private transaction, and the normalized action field characterizes it specifically as an open-market sale of Franklin Electric common stock.