The sale was non-discretionary to cover taxes from vesting of 6,440 restricted stock units, leaving net ownership unchanged.
Franklin Electric Co., Inc. (NASDAQ:FELE) CFO Jennifer Ann Wolfenbarger sold 2,827 shares on July 7, 2026, at a weighted average price of $102.77. The transaction was executed to cover tax liabilities tied to the vesting of 6,440 restricted stock units on the same day.
The sale was non-discretionary and routine, reflecting tax obligations rather than a change in the executive’s view of the company. Post-transaction, the CFO’s direct ownership increased from 9,915 to 13,528 shares, maintaining a 0.0306% stake in the company. Remaining holdings include both common stock and restricted shares vesting through 2027.
The disposal had no immediate market impact, as the stock closed at $102.77 on July 07, 2026, matching the sale price.