Victor Grizzle - May 4, 2023 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role: Director
Signature: Jonathan M. Grandon, power of attorney for Victor Grizzle
Stock symbol: FELE
Transactions as of: May 4, 2023
Transactions value $: $226,000
Form type: 4
Date filed: 5/8/2023, 04:41 PM
Previous filing: May 2, 2023
Next filing: May 22, 2023

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	stock units	Award	$226K	+2.41K	+26.18%	$93.69	11.6K	May 4, 2023	common stock	2.41K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board of Directors on February 11, 2000 and amended and restated on May 6, 2020, Mr. Grizzle elected to receive his 2023 Board of Directors retainer, annual stock award, and committee chair/member fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until 2025, to be paid in a lump sum. On May 4, 2023, Mr. Grizzle was credited with 800.51 Stock Units for the annual retainer, 1,387.55 Stock Units for the annual stock award, and 224.15 Stock Units for committee chair/member fees. At distribution, Mr. Grizzle may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.

Content

Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board of Directors on February 11, 2000 and amended and restated on May 6, 2020, Mr. Grizzle elected to receive his 2023 Board of Directors retainer, annual stock award, and committee chair/member fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until 2025, to be paid in a lump sum. On May 4, 2023, Mr. Grizzle was credited with 800.51 Stock Units for the annual retainer, 1,387.55 Stock Units for the annual stock award, and 224.15 Stock Units for committee chair/member fees. At distribution, Mr. Grizzle may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.