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

Role
VP, Global Manufacturing Ops
Signature
Brent L. Spikes
Stock symbol
FELE
Transactions as of
Feb 16, 2023
Transactions value $
$244,777
Form type
4
Date filed
2/21/2023, 04:06 PM
Previous filing
May 9, 2022
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Award $0 +725 +16.92% $0.00 5.01K Feb 16, 2023 Direct F1
transaction FELE common stock Award $96.9K +1.01K +25.09% $96.40 5.01K Feb 20, 2023 Direct F2
transaction FELE common stock Tax liability -$41.1K -426 -8.5% $96.40 4.59K Feb 20, 2023 Direct F3
holding FELE common stock 4.25K Feb 16, 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 $189K +1.99K $94.86 1.99K Feb 16, 2023 common stock 1.99K $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.