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

Role
VP & President
Signature
Donald P. Kenney
Issuer symbol
FELE
Transactions as of
16 Feb 2023
Net transactions value
+$864,232
Form type
4
Filing time
21 Feb 2023, 16:04:55 UTC
Previous filing
17 Aug 2022
Next filing
08 Mar 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 +2,504 +9.2% $0.000000 29,736 16 Feb 2023 Direct F1
transaction FELE common stock Award $387,432 +4,019 +16% $96.40 29,736 20 Feb 2023 Direct F2
transaction FELE common stock Tax liability $176,026 -1,826 -6.1% $96.40 27,910 20 Feb 2023 Direct F3
holding FELE common stock 32,502 16 Feb 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 $652,827 +6,882 $94.86 6,882 16 Feb 2023 common stock 6,882 $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.