Franklin Electric (FELE) CAO exercises options and sells 8,547 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Franklin Electric Co. Inc.’s Chief Administrative Officer Jonathan M. Grandon reported an exercise-and-sell transaction in company stock. On June 9, 2026, he exercised options to acquire 8,547 shares of common stock at $42.20 per share and sold 8,547 common shares in an open-market sale at an average price of $103.403 per share. Following these transactions, he directly holds 7,509 common shares, including 3,168 restricted shares that vest in three equal installments beginning on February 19, 2026, 1,698 restricted shares vesting on February 20, 2028, 1,715 restricted shares vesting on February 22, 2027, and 928 shares owned outright.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,547 shares ($883,785)
Net Sell
3 txns
Insider
Grandon Jonathan M.
Role
Chief Administrative Officer
Sold
8,547 shs ($884K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | option | 8,547 | $42.20 | $361K |
| Exercise | common stock | 8,547 | $42.20 | $361K |
| Sale | common stock | 8,547 | $103.403 | $884K |
Holdings After Transaction:
option — 0 shares (Direct, null);
common stock — 16,056 shares (Direct, null)
Footnotes (1)
- Includes 3,168 restricted shares that vest in equal installments of 1/3 each year, beginning on the first anniversary of 2/19/2026, 1,698 restricted shares that vest on 2/20/2028, 1,715 restricted shares that vest on 2/22/2027, and 928 shares owned outright. The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of 2/23/2017.
Key Figures
Shares sold: 8,547 shares
Sale price: $103.403 per share
Options exercised: 8,547 shares
+5 more
8 metrics
Shares sold
8,547 shares
Common stock sold in open-market transaction on June 9, 2026
Sale price
$103.403 per share
Average price for 8,547 common shares sold
Options exercised
8,547 shares
Common shares acquired via option exercise on June 9, 2026
Exercise price
$42.20 per share
Exercise price of options converted into common stock
Shares held after
7,509 shares
Total common shares directly owned following the transactions
Restricted shares (3,168)
3,168 shares
Restricted stock vesting in three equal installments from February 19, 2026
Restricted shares (1,698)
1,698 shares
Restricted stock vesting on February 20, 2028
Restricted shares (1,715)
1,715 shares
Restricted stock vesting on February 22, 2027
Key Terms
open-market sale, derivative security, restricted shares, exercise price, +1 more
5 terms
open-market sale financial
"sold 8,547 common shares in an open-market sale at an average price"
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
exercise price financial
"exercised options to acquire 8,547 shares of common stock at $42.20 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
net-sell financial
"transactionSummary includes "netBuySellDirection": "net-sell""
FAQ
What insider transaction did Franklin Electric (FELE) report for Jonathan M. Grandon?
Franklin Electric reported that Chief Administrative Officer Jonathan M. Grandon exercised options for 8,547 common shares and sold 8,547 common shares in an open-market sale on June 9, 2026, as disclosed in a Form 4 insider filing.
What restricted stock awards does Jonathan M. Grandon have from Franklin Electric (FELE)?
Jonathan M. Grandon holds 3,168 restricted shares vesting in three equal installments starting February 19, 2026, 1,698 restricted shares vesting February 20, 2028, and 1,715 restricted shares vesting February 22, 2027, in addition to his already-owned common shares.
What happened to Jonathan M. Grandon’s Franklin Electric (FELE) stock options in this Form 4?
The filing shows options on 8,547 underlying Franklin Electric shares, exercisable at $42.20 and expiring February 23, 2027, were fully exercised, leaving zero options remaining from that specific grant after the June 9, 2026 transaction.