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

Role
VP, Global Supply Chain
Signature
Kenneth Keene
Stock symbol
FELE
Transactions as of
Feb 16, 2023
Transactions value $
$209,098
Form type
4
Date filed
2/21/2023, 04:07 PM
Previous filing
May 9, 2022
Next filing
Feb 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Award $0 +659 +12.89% $0.00 5.77K Feb 16, 2023 Direct F1
transaction FELE common stock Award $71K +737 +14.64% $96.40 5.77K Feb 20, 2023 Direct F2
transaction FELE common stock Tax liability -$33.7K -350 -6.06% $96.40 5.42K Feb 20, 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 $172K +1.81K $94.86 1.81K Feb 16, 2023 common stock 1.81K $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.