Renee J. Peterson - May 13, 2021 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role: Director
Signature: Jonathan M. Grandon, power of attorney for Renee J. Peterson
Stock symbol: FELE
Transactions as of: May 13, 2021
Transactions value $: $227,500
Form type: 4
Date filed: 5/14/2021, 11:31 AM
Next filing: May 24, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FELE	stock units	Award	$228K	+2.62K	+9.13%	$86.94	31.3K	May 13, 2021	common stock	2.62K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board of Directors on February 11, 2000 and amended and restated on May 6, 2020, Ms. Peterson elected to receive her 2021 Board of Directors retainer, annual stock award, and committee chair fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until 2025, to be paid in a series of ten annual installments. On May 13, 2021, Ms. Peterson was credited with 862.67 Stock Units for the annual retainer, 1,495.28 Stock Units for the annual stock award, and 258.80 Stock Units for committee chair fees. At distribution, Ms. Peterson may elect pursuant to the terms of the Plan to receive her deferred compensation either in shares of Franklin common stock or in cash.

Content

Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board of Directors on February 11, 2000 and amended and restated on May 6, 2020, Ms. Peterson elected to receive her 2021 Board of Directors retainer, annual stock award, and committee chair fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until 2025, to be paid in a series of ten annual installments. On May 13, 2021, Ms. Peterson was credited with 862.67 Stock Units for the annual retainer, 1,495.28 Stock Units for the annual stock award, and 258.80 Stock Units for committee chair fees. At distribution, Ms. Peterson may elect pursuant to the terms of the Plan to receive her deferred compensation either in shares of Franklin common stock or in cash.