Thomas R. Verhage - May 13, 2021 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role: Director
Signature: Jonathan M. Grandon, power of attorney for Thomas R. VerHage
Stock symbol: FELE
Transactions as of: May 13, 2021
Transactions value $: $239,500
Form type: 4
Date filed: 5/14/2021, 11:36 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	$239K	+2.75K	+5.71%	$86.94	51K	May 13, 2021	common stock	2.75K		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, Mr. VerHage elected to receive his 2021 Board of Directors retainer, stock award, lead independent director fee, and committee member fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until January 2, 2024, to be paid in a series of seven annual installments. On May 13, 2021, Mr. VerHage was credited with 862.66 Stock Units for the annual retainer, 1,495.28 Stock Units for the annual stock award, 258.80 Stock Units for the Lead Independent Director fees, and 138.03 Stock Units for committee member fees. At distribution, Mr. VerHage may elect pursuant to the terms of the Plan to receive his 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, Mr. VerHage elected to receive his 2021 Board of Directors retainer, stock award, lead independent director fee, and committee member fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until January 2, 2024, to be paid in a series of seven annual installments. On May 13, 2021, Mr. VerHage was credited with 862.66 Stock Units for the annual retainer, 1,495.28 Stock Units for the annual stock award, 258.80 Stock Units for the Lead Independent Director fees, and 138.03 Stock Units for committee member fees. At distribution, Mr. VerHage may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.