Jay J. Walsh - Feb 16, 2023 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
President, Franklin Fueling
Signature
Jay J. Walsh
Stock symbol
FELE
Transactions as of
Feb 16, 2023
Transactions value $
$384,287
Form type
4
Date filed
2/21/2023, 04:03 PM
Previous filing
Feb 28, 2022
Next filing
May 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Award $0 +1.15K +9.35% $0.00 13.5K Feb 16, 2023 Direct F1
transaction FELE common stock Award $143K +1.48K +12.34% $96.40 13.5K Feb 20, 2023 Direct F2
transaction FELE common stock Tax liability -$59.2K -614 -4.55% $96.40 12.9K Feb 20, 2023 Direct F3
holding FELE common stock 21 Feb 16, 2023 401(k) Shares

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 $301K +3.17K $94.86 3.17K Feb 16, 2023 common stock 3.17K $94.86 Direct F4
* 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 2/16/2023 grant date.
F2 Vest of restricted shares.
F3 Includes 1,153 restricted stock units that vest on 2/16/2026, 1,493 restricted stock units that vest on 2/24/2025, 1,641 restricted shares that vest on 2/18/2024, and 8,586 shares owned outright.
F4 The options become exercisable in three equal installments of 1/3 each year, beginning on the first anniversary of 2/16/2023.