Paul N. Chhabra - 24 Feb 2022 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
VP, Global Product Supply
Signature
Paul N. Chhabra
Issuer symbol
FELE
Transactions as of
24 Feb 2022
Net transactions value
+$478,314
Form type
4
Filing time
28 Feb 2022, 15:03:21 UTC
Previous filing
23 Feb 2022
Next filing
31 Mar 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 +1,770 +13% $0.000000 14,922 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 $478,314 +5,701 $83.90 5,701 24 Feb 2022 common stock 5,701 $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 shares that vest 3 years after the 2/24/2022 grant date.
F2 Includes 1,770 restricted shares that vest on 2/24/2025, 1,825 restricted shares that vest on 2/18/2024, 2,085 restricted shares that vest on 2/20/2023, and 9,242 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.