Donald P. Kenney - Feb 16, 2023 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
VP & President
Signature
Donald P. Kenney
Stock symbol
FELE
Transactions as of
Feb 16, 2023
Transactions value $
$864,232
Form type
4
Date filed
2/21/2023, 04:04 PM
Previous filing
Aug 17, 2022
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Award $0 +2.5K +9.2% $0.00 29.7K Feb 16, 2023 Direct F1
transaction FELE common stock Award $387K +4.02K +15.63% $96.40 29.7K Feb 20, 2023 Direct F2
transaction FELE common stock Tax liability -$176K -1.83K -6.14% $96.40 27.9K Feb 20, 2023 Direct F3
holding FELE common stock 32.5K Feb 16, 2023 401K 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 $653K +6.88K $94.86 6.88K Feb 16, 2023 common stock 6.88K $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 stock units.
F3 Includes 2,504 restricted stock units that vest on 2/16/2026, 3,254 restricted stock units that vest on 2/24/2025, 3,589 restricted stock units that vest on 2/18/2024, and 18,563 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.