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

Role
Vice President and CFO
Signature
Jeffery L. Taylor
Issuer symbol
FELE
Transactions as of
16 Feb 2023
Net transactions value
+$611,562
Form type
4
Filing time
21 Feb 2023, 16:08:09 UTC
Previous filing
15 Jun 2022
Next filing
15 Jun 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 +2,346 +22% $0.000000 13,232 16 Feb 2023 Direct F1, F2

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 $611,562 +6,447 $94.86 6,447 16 Feb 2023 common stock 6,447 $94.86 Direct F3
* 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 Includes 2,346 restricted shares that vest on 2/16/2026, 3,039 restricted shares that vest on 2/24/2025, 3,750 restricted shares that vest on 6/14/2023 and 4,097 owned outright.
F3 The options become exercisable in three equal installments of 1/3 each year, beginning on the first anniversary of 2/16/2023.