Gregg C. Sengstack, chairperson and CEO, filed 67 Form 4 transactions across four companies, with a clear sell-side bias. Open-market sales totaled $5.27 million against just $739,415 in open-market purchases, a ratio of roughly seven to one. The bulk of his activity centered on FELE, Franklin Electric, where he exercised options worth $2.28 million in June and August 2026, then had shares withheld to cover taxes in transactions valued at $2.34 million and $1.24 million respectively. Those tax-withholding events, coded F, are automatic and not discretionary trades.
The most recent filings, from October 2026, show no open-market buying or selling. Instead, Sengstack received restricted stock awards in FELE valued at $35,308 and in WWD, Woodward, at zero reported value, alongside routine monthly tax withholdings of roughly $14,000 in FELE. His compensation grants, coded A, have been steady throughout the period, appearing monthly in FELE at values between $35,000 and $38,500, plus small dividend-equivalent accruals.
Across all four companies, acquired value, mostly option exercises and grants, reached $6.64 million, while sales, including both open-market and issuer buybacks, hit $5.27 million. The pattern is consistent with an executive who receives equity compensation, exercises options on schedule, and sells a portion of the resulting shares. No open-market purchases have occurred in the recent window, and the last discretionary sale in the data predates the current quarter. The most recent trades are mechanical: monthly grants, tax withholdings, and one option exercise in August.
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