Chris Villavarayan - May 6, 2022 Form 3 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role: Director
Signature: Jonathan M. Grandon, power of attorney for Chris Villavarayan
Stock symbol: FELE
Transactions as of: May 6, 2022
Transactions value $: $0
Form type: 3
Date filed: 5/10/2022, 05:20 PM
Previous filing: Dec 3, 2021
Next filing: Aug 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	FELE	common stock						1.84K	May 6, 2022	Direct	F1

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
holding	FELE	stock units							May 6, 2022	common stock	1.24K	$70.71	Direct	F2

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

Explanation of Responses:

Id	Content
F1	1,838 shares owned outright as form of payment for the 2022 Stock Award approved on May 6, 2022.
F2	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. Villavarayan elected to receive his 2022 Board of Directors retainer and committee chair fees in 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. On May 6, 2022, Mr. Villavarayan was credited with 1,060.67 Stock Units for the annual retainer and 176.78 Stock Units for committee chair fees. At distribution, Mr. Villavarayan may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.

Content

1,838 shares owned outright as form of payment for the 2022 Stock Award approved on May 6, 2022.

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. Villavarayan elected to receive his 2022 Board of Directors retainer and committee chair fees in 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. On May 6, 2022, Mr. Villavarayan was credited with 1,060.67 Stock Units for the annual retainer and 176.78 Stock Units for committee chair fees. At distribution, Mr. Villavarayan may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.