Brent L. Spikes - 16 Feb 2023 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
VP, Global Manufacturing Ops
Signature
Brent L. Spikes
Issuer symbol
FELE
Transactions as of
16 Feb 2023
Net transactions value
+$244,777
Form type
4
Filing time
21 Feb 2023, 16:06:34 UTC
Previous filing
09 May 2022
Next filing
28 Feb 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 +725 +17% $0.000000 5,011 16 Feb 2023 Direct F1
transaction FELE common stock Award $96,882 +1,005 +25% $96.40 5,011 20 Feb 2023 Direct F2
transaction FELE common stock Tax liability $41,066 -426 -8.5% $96.40 4,585 20 Feb 2023 Direct F3
holding FELE common stock 4,247 16 Feb 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 $188,961 +1,992 $94.86 1,992 16 Feb 2023 common stock 1,992 $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 875 restricted shares that vest on 2/18/2024, 810 restricted shares that vest on 2/24/2025, 1,596 restricted shares that vest on 5/5/2025, 725 restricted shares that vest on 2/16/2026, and 579 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.