Delancey W. Davis - 16 Feb 2023 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role: President, Headwater Companies
Signature: DeLancey W. Davis
Issuer symbol: FELE
Transactions as of: 16 Feb 2023
Net transactions value: +$505,002
Form type: 4
Filing time: 21 Feb 2023, 16:09:03 UTC
Previous filing: 21 Nov 2022
Next filing: 01 May 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	+1,489	+15%	$0.000000	11,266	16 Feb 2023	Direct	F1
transaction	FELE	common stock	Award	$210,730	+2,186	+24%	$96.40	11,266	20 Feb 2023	Direct	F2
transaction	FELE	common stock	Tax liability	$93,990	-975	-8.7%	$96.40	10,291	20 Feb 2023	Direct	F3
holding	FELE	common stock						125	16 Feb 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	$388,262	+4,093		$94.86	4,093	16 Feb 2023	common stock	4,093	$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.