In 2022, Gregg C. Sengstack earned $1.99M in total compensation at Franklin Electric, including $894.23K salary and $990.00K bonus. Most recently sold 15,396 shares in Jul 2024. Currently holds stock worth $54.34M. Has donated $6.88M in stock to charitable causes. Led Franklin Electric as CEO for 10 years.
Compensation History
Annual executive compensation data for Gregg C. Sengstack, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$1.99M
Salary
$894.23K
Bonus
$990.00K
Other
$102.21K
Salary
$894.23KBoard Justification
The compensation philosophy emphasizes performance-based compensation to align executive pay with company performance and shareholder interests.
Bonus
$990.00KBoard Justification
Target bonus opportunity based on 110% of base salary for achieving financial goals related to consolidated working capital ratio and earnings per share.
Other Compensation
$102.21KBoard Justification
Includes company contributions under the Retirement Program and other benefits such as a Medicare tax reimbursement and non-business use of the company airplane.
Restricted Stock
Board Justification
No stock was vested in 2022 as the focus was on performance share units and stock options which are not included in this report.
Performance Metrics
The performance metrics for 2022 included consolidated working capital ratio and earnings per share.
Gregg C. Sengstack
Ex-CEO of Franklin Electric
Education
Not disclosed
Field of Expertise
Business & Management
Sector of Economy
Industrials
Born
January 1, 1975 - 50 years ago
CEO of Franklin Electric for
10 years 1 month (May 2014 - Jul 2024)
Previous Experience
President and Chief Executive Officer of Franklin Electric Co., Inc.
Other Franklin Electric CEOs
Holdings
Track Gregg C. Sengstack's stock holdings and portfolio value over time.
Total Stock Sold
$17.34M
$15.29M
189,809 FELE shares
$2.05M
14,745 WWD shares
What if they kept their stock?
If Gregg C. Sengstack didn't sell their stock, today they would have:
Extra FELE189,809 shares worth $17.75M and WWD14,745 shares worth $4.40M.
This is 27.76% and $4.81M more than what they got when they sold the stock.
Charitable Transactions
25,652 shares
FELE
15,000 shares
WWD
Recent Charitable Transactions
10,532 shares
FELE
Dec 5, 2023
Charity
2,000 shares
FELE
Aug 8, 2022
Charity
1,000 shares
FELE
Aug 4, 2022
Charity
15,000 shares
WWD
Feb 24, 2021
Charity
1,740 shares
FELE
Nov 16, 2020
Charity
215 shares
FELE
Nov 10, 2020
Charity
Insider Trading
Gregg C. Sengstack's recent stock transactions, purchases, and sales filed with the SEC.
$1.62M
FELE at $105.45/share
Jul 29, 2024
Sale
$1.00M
WWD at $167.01/share
May 2, 2024
Sale
$2.76M
FELE at $100.51/share
Apr 18, 2024
Received
$1.04M
FELE at $99.96/share
Feb 22, 2024
Sale
11,436 shares
FELE
Feb 22, 2024
Received
$1.40M
FELE at $100.28/share
Feb 18, 2024
Received
10,532 shares
FELE
Dec 5, 2023
Charity
$812.25K
FELE at $90.25/share
Dec 1, 2023
Sale
$1.16M
FELE at $98.45/share
Jul 31, 2023
Sale
$224.05K
WWD at $109.56/share
May 10, 2023
Sale
Rivals
Compare Gregg C. Sengstack with competitor CEOs and industry peers.
Richard J. Tobin
CEO of Dover
2023 Compensation
Stock
$3.25M
Salary
$1.29M
Bonus
$2.00M
Other
$207.19K
Total Holdings
$104.20K
Gunnar Kleveland
CEO of Albany International Inc.
2023 Compensation
Stock
$507.48K
Salary
$300.00K
Bonus
$3.30M
Other
$139.67K
Total Holdings
$582.87K
Tod E. Carpenter
CEO of Donaldson Company
2022 Compensation
Stock
$0.00
Salary
$1.06M
Bonus
$1.28M
Other
$182.89K
Total Holdings
$850.82K
Mark W. Sheahan
CEO of Graco
2023 Compensation
Stock
$0.00
Salary
$985.00K
Bonus
$1.30M
Other
$26.76K
Total Holdings
$110.45K
Eric D. Ashleman
CEO of IDEX
2023 Compensation
Stock
$0.00
Salary
$1.00M
Bonus
$828.00K
Other
$320.21K
Total Holdings
$6.17M
Robert J. Pagano, Jr.
CEO of Watts Water Technologies, Inc.
2023 Compensation
Stock
$0.00
Salary
$1.10M
Bonus
$4.46M
Other
$0.00
Total Holdings
$159.45M