delancey w. davis - Feb 16, 2023 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
President, Headwater Companies
Signature
DeLancey W. Davis
Stock symbol
FELE
Transactions as of
Feb 16, 2023
Transactions value $
$505,002
Form type
4
Date filed
2/21/2023, 04:09 PM
Previous filing
Nov 21, 2022
Next filing
May 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Award $0 +1.49K +15.23% $0.00 11.3K Feb 16, 2023 Direct F1
transaction FELE common stock Award $211K +2.19K +24.07% $96.40 11.3K Feb 20, 2023 Direct F2
transaction FELE common stock Tax liability -$94K -975 -8.65% $96.40 10.3K Feb 20, 2023 Direct F3
holding FELE common stock 125 Feb 16, 2023 401K 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 $388K +4.09K $94.86 4.09K Feb 16, 2023 common stock 4.09K $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 1,489 restricted stock units that vest on 2/16/2026, 1,752 restricted stock units that vest on 2/24/2025, 1,928 restricted stock units that vest on 2/18/2024, and 5,122 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.