Jennifer L. Sherman - May 6, 2022 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role: Director
Signature: Jonathan M. Grandon, power of attorney for Jennifer L Sherman
Stock symbol: FELE
Transactions as of: May 6, 2022
Transactions value $: $226,000
Form type: 4
Date filed: 5/10/2022, 05:11 PM
Previous filing: May 6, 2022
Next filing: May 27, 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	$226K	+3.2K	+9.37%	$70.71	37.3K	May 6, 2022	common stock	3.2K		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, Ms. Sherman elected to receive her 2022 Board of Directors retainer, stock award, and committee chair/member fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until January 1 of the year following Ms. Sherman's departure from the Board, to be paid in a series of five annual installments. On May 6, 2022, Ms. Sherman was credited with 1,060.67 Stock Units for the annual retainer, 1,838.50 Stock Units for the annual stock award, and 296.99 Stock Units for committee chair/member fees. At distribution, Ms. Sherman may elect pursuant to the terms of the Plan to receive her 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, Ms. Sherman elected to receive her 2022 Board of Directors retainer, stock award, and committee chair/member fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until January 1 of the year following Ms. Sherman's departure from the Board, to be paid in a series of five annual installments. On May 6, 2022, Ms. Sherman was credited with 1,060.67 Stock Units for the annual retainer, 1,838.50 Stock Units for the annual stock award, and 296.99 Stock Units for committee chair/member fees. At distribution, Ms. Sherman may elect pursuant to the terms of the Plan to receive her deferred compensation either in shares of Franklin common stock or in cash.