Donald P. Kenney - 24 Feb 2022 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role: VP & President
Signature: Donald P. Kenney
Issuer symbol: FELE
Transactions as of: 24 Feb 2022
Net transactions value: +$879,272
Form type: 4
Filing time: 28 Feb 2022, 14:42:43 UTC
Previous filing: 23 Feb 2022
Next filing: 05 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FELE	common stock	Award	$0	+3,254	+12%	$0.000000	30,114	24 Feb 2022	Direct	F1, F2

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	option	Award	$879,272	+10,480	+100%	$83.90	20,960	24 Feb 2022	common stock	10,480	$83.90	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Restricted stock units vest 3 years after the 2/24/2022 grant date.
F2	Includes 3,254 restricted stock units that vest 2/24/2025, 3,589 restricted stock units that vest 2/18/2024, 4,019 restricted stock units that vest on 2/20/2023, and 19,252 shares owned outright.
F3	The options become exercisable in three equal installments of 1/3 each year, beginning on the first anniversary of 2/24/2022.