Victor Grizzle - Feb 17, 2022 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
Director
Signature
Jonathan M. Grandon, power of attorney for Victor Grizzle
Stock symbol
FELE
Transactions as of
Feb 17, 2022
Transactions value $
$1,156
Form type
4
Date filed
2/18/2022, 03:58 PM
Previous filing
Dec 17, 2021
Next filing
Apr 21, 2022

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 $1.16K +13.7 +0.23% $84.21 5.94K Feb 17, 2022 common stock 13.7 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 2019-2020 Board of Directors stock award and 2021 stock award, meeting fees and retainer 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 February 17, 2022, Mr. Grizzle was credited with 13.73 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.