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

Role: Chief Administrative Officer
Signature: Jonathan M. Grandon
Issuer symbol: FELE
Transactions as of: 16 Feb 2023
Net transactions value: +$539,524
Form type: 4
Filing time: 21 Feb 2023, 16:05:02 UTC
Previous filing: 24 Aug 2022
Next filing: 01 May 2023
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	+1,555	+10%	$0.000000	16,608	16 Feb 2023	Direct	F1
transaction	FELE	common stock	Award	$220,370	+2,286	+16%	$96.40	16,608	20 Feb 2023	Direct	F2
transaction	FELE	common stock	Tax liability	$86,278	-895	-5.4%	$96.40	15,713	20 Feb 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	$405,432	+4,274		$94.86	4,274	16 Feb 2023	common stock	4,274	$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.