Franklin Electric Management
Management criteria checks 3/4
Franklin Electric's CEO is Gregg Sengstack, appointed in May 2014, has a tenure of 9.92 years. total yearly compensation is $7.40M, comprised of 12.7% salary and 87.3% bonuses, including company stock and options. directly owns 0.89% of the company’s shares, worth €39.25M. The average tenure of the management team and the board of directors is 6.1 years and 8.9 years respectively.
Key information
Gregg Sengstack
Chief executive officer
US$7.4m
Total compensation
| CEO salary percentage | 12.7% |
| CEO tenure | 9.9yrs |
| CEO ownership | 0.9% |
| Management average tenure | 6.1yrs |
| Board average tenure | 8.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$7m | US$940k | US$193m |
| Sep 30 2023 | n/a | n/a | US$194m |
| Jun 30 2023 | n/a | n/a | US$195m |
| Mar 31 2023 | n/a | n/a | US$194m |
| Dec 31 2022 | US$7m | US$894k | US$187m |
| Sep 30 2022 | n/a | n/a | US$188m |
| Jun 30 2022 | n/a | n/a | US$175m |
| Mar 31 2022 | n/a | n/a | US$155m |
| Dec 31 2021 | US$7m | US$870k | US$153m |
| Sep 30 2021 | n/a | n/a | US$139m |
| Jun 30 2021 | n/a | n/a | US$131m |
| Mar 31 2021 | n/a | n/a | US$117m |
| Dec 31 2020 | US$6m | US$824k | US$100m |
| Sep 30 2020 | n/a | n/a | US$93m |
| Jun 30 2020 | n/a | n/a | US$88m |
| Mar 31 2020 | n/a | n/a | US$96m |
| Dec 31 2019 | US$6m | US$798k | US$95m |
| Sep 30 2019 | n/a | n/a | US$99m |
| Jun 30 2019 | n/a | n/a | US$95m |
| Mar 31 2019 | n/a | n/a | US$93m |
| Dec 31 2018 | US$5m | US$765k | US$105m |
| Sep 30 2018 | n/a | n/a | US$89m |
| Jun 30 2018 | n/a | n/a | US$84m |
| Mar 31 2018 | n/a | n/a | US$83m |
| Dec 31 2017 | US$5m | US$730k | US$78m |
Compensation vs Market: Gregg's total compensation ($USD7.40M) is above average for companies of similar size in the German market ($USD2.56M).
Compensation vs Earnings: Gregg's compensation has been consistent with company performance over the past year.
CEO
Gregg Sengstack (65 yo)
9.9yrs
Tenure
US$7,401,610
Compensation
Mr. Gregg C. Sengstack has been the Chief Executive Officer of Franklin Electric Co., Inc. since May 2, 2014 and has been its Chairman since May 8, 2015. He served as President at Franklin Electric Co., In...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 9.9yrs | US$7.40m | 0.89% $ 39.3m | |
| VP & CFO | 2.8yrs | US$1.74m | 0.031% $ 1.4m | |
| VP, Chief Administrative Officer | 7.6yrs | US$1.33m | 0.042% $ 1.9m | |
| VP & President of Headwater Companies | 7yrs | US$1.23m | 0.012% $ 527.0k | |
| VP & President of Fueling Systems | 5.3yrs | US$1.18m | 0.028% $ 1.3m | |
| VP & President of Global Water | less than a year | no data | 0.011% $ 484.5k |
6.1yrs
Average Tenure
55yo
Average Age
Experienced Management: FE4's management team is seasoned and experienced (6.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 9.9yrs | US$7.40m | 0.89% $ 39.3m | |
| Independent Director | 18.9yrs | US$211.00k | 0.0070% $ 310.0k | |
| Independent Director | 9.3yrs | US$233.50k | no data | |
| Independent Director | 14.3yrs | US$223.50k | no data | |
| Independent Director | 4.3yrs | US$226.00k | no data | |
| Independent Director | 2.9yrs | US$232.50k | 0.018% $ 788.8k | |
| Independent Director | 8.6yrs | US$233.50k | 0.0016% $ 69.5k | |
| Independent Director | 1.9yrs | US$223.50k | 0.0067% $ 296.3k |
8.9yrs
Average Tenure
61yo
Average Age
Experienced Board: FE4's board of directors are considered experienced (8.9 years average tenure).