Gregg C. Sengstack - Feb 24, 2022 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
Chairperson and CEO
Signature
Gregg C. Sengstack
Stock symbol
FELE
Transactions as of
Feb 24, 2022
Transactions value $
$3,864,854
Form type
4
Date filed
2/28/2022, 02:45 PM
Previous filing
Feb 23, 2022
Next filing
Apr 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Award $0 +14.3K +7.63% $0.00 202K Feb 24, 2022 Direct F1, F2
holding FELE common stock 160K Feb 24, 2022 By Reporting Person's Trust F3
holding FELE common stock 115K Feb 24, 2022 By Spouse's Trust F4

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 $3.86M +46.1K $83.90 46.1K Feb 24, 2022 common stock 46.1K $83.90 Direct F5
* 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 14,303 restricted stock units that vest 3 years from the 2/24/2022 grant date, 13,946 restricted stock units that vest 3 years from the 2/18/2021 grant date, 16,580 restricted stock units that vest 3 years from the 2/20/2020 grant date, and 157,042 owned outright.
F3 Represents shares held of record by the Gregg Sengstack 2020 Dynasty Trust, for which the reporting person's spouse is the trustee and over which the reporting person does not have sole voting and investment power.
F4 Represents shares held of record by the Dianne Sengstack 2020 Dynasty Trust, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F5 The options become exercisable in three equal installments of 1/3 each year, beginning on the first anniversary of 2/24/2022.