Jonathan M. Grandon - Feb 16, 2023 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
Chief Administrative Officer
Signature
Jonathan M. Grandon
Stock symbol
FELE
Transactions as of
Feb 16, 2023
Transactions value $
$539,524
Form type
4
Date filed
2/21/2023, 04:05 PM
Previous filing
Aug 24, 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 +1.56K +10.33% $0.00 16.6K Feb 16, 2023 Direct F1
transaction FELE common stock Award $220K +2.29K +15.96% $96.40 16.6K Feb 20, 2023 Direct F2
transaction FELE common stock Tax liability -$86.3K -895 -5.39% $96.40 15.7K Feb 20, 2023 Direct F3

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 $405K +4.27K $94.86 4.27K Feb 16, 2023 common stock 4.27K $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 shares vest 3 years after the 2/16/2023 grant date.
F2 Vest of restricted shares.
F3 Includes 1,555 restricted shares that vest on 2/16/2026, 1,895 restricted shares that vest on 2/24/2025, 1,989 restricted shares that vest on 2/18/2024, and 10,274 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.