Gregg C. Sengstack - Feb 16, 2023 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
Chairperson and CEO
Signature
Gregg C. Sengstack
Stock symbol
FELE
Transactions as of
Feb 16, 2023
Transactions value $
$3,777,525
Form type
4
Date filed
2/21/2023, 04:08 PM
Previous filing
Oct 5, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Award $0 +11.1K +6.75% $0.00 175K Feb 16, 2023 Direct F1
transaction FELE common stock Award $1.6M +16.6K +10.46% $96.40 175K Feb 20, 2023 Direct F2
transaction FELE common stock Tax liability -$707K -7.33K -4.19% $96.40 168K Feb 20, 2023 Direct F3
holding FELE common stock 160K Feb 16, 2023 By Reporting Person's Trust F4
holding FELE common stock 115K Feb 16, 2023 By Spouse's Trust F5

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 $2.89M +30.4K $94.86 30.4K Feb 16, 2023 common stock 30.4K $94.86 Direct F6
* 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 11,069 restricted stock units that vest on 2/16/2026, 14,303 restricted stock units that vest on 2/24/2025, 13,946 restricted stock units that vest on 2/18/2024, and 128,414 owned outright.
F4 Represents shares held of record by the Gregg Sengstack 2020 Dynasty Trust, for which the reporting person's spouse is the trustee and over which the reporting person does not have sole voting and investment power.
F5 Represents shares held of record by the Dianne Sengstack 2020 Dynasty Trust, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F6 The options become exercisable in three equal installments of 1/3 each year, beginning on the first anniversary of 2/16/2023.