Kenneth Keene - 16 Feb 2023 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role: VP, Global Supply Chain
Signature: Kenneth Keene
Issuer symbol: FELE
Transactions as of: 16 Feb 2023
Net transactions value: +$209,098
Form type: 4
Filing time: 21 Feb 2023, 16:07:50 UTC
Previous filing: 09 May 2022
Next filing: 24 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	+659	+13%	$0.000000	5,771	16 Feb 2023	Direct	F1
transaction	FELE	common stock	Award	$71,047	+737	+15%	$96.40	5,771	20 Feb 2023	Direct	F2
transaction	FELE	common stock	Tax liability	$33,740	-350	-6.1%	$96.40	5,421	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	$171,791	+1,811		$94.86	1,811	16 Feb 2023	common stock	1,811	$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 820 restricted stock units that vest on 2/18/2024, 810 restricted stock units that vest on 2/24/2025, 1,596 restricted stock units that vest on 5/5/2025, 659 restricted stock units that vest on 2/16/2023, and 1,536 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.