Victor Grizzle - 18 Nov 2021 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role: Director
Signature: Jonathan M. Grandon, power of attorney for Victor Grizzle
Issuer symbol: FELE
Transactions as of: 18 Nov 2021
Net transactions value: +$1,035
Form type: 4
Filing time: 19 Nov 2021, 12:50:28 UTC
Previous filing: 20 Aug 2021
Next filing: 17 Dec 2021
SEC: View on sec.gov

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	$1,035	+11	+0.18%	$95.22	5,927	18 Nov 2021	common stock	11		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. Grizzle elected to receive his 2019-2021 Board of Directors stock award of Franklin Electric Co., Inc common stock, issuance of such shares deferred until he retires, otherwise leaves the Board of Directors, or has elected to receive such payment per the terms of the Plan (e.g. Stock Units). On November 18, 2021, Mr. Grizzle was credited with 10.87 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Grizzle 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. Grizzle elected to receive his 2019-2021 Board of Directors stock award of Franklin Electric Co., Inc common stock, issuance of such shares deferred until he retires, otherwise leaves the Board of Directors, or has elected to receive such payment per the terms of the Plan (e.g. Stock Units). On November 18, 2021, Mr. Grizzle was credited with 10.87 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Grizzle may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.