Jennifer L. Sherman - May 4, 2023 Form 4/A - Amendment Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role: Director
Signature: Jonathan M. Grandon, power of attorney for Jennifer L Sherman
Stock symbol: FELE
Transactions as of: May 4, 2023
Transactions value $: $233,500
Form type: 4/A - Amendment
Date filed: 5/9/2023, 04:52 PM
Date Of Original Report: May 8, 2023
Previous filing: Mar 6, 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	$233K	+2.49K	+6.62%	$93.69	40.2K	May 4, 2023	common stock	2.49K		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, Ms. Sherman elected to receive her 2023 Board of Directors retainer, stock award, lead independent director fee and committee member fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until January 1 of the year following Ms. Sherman's departure from the Board, to be paid in a series of five annual installments. On May 4, 2023, Ms. Sherman was credited with 800.51 Stock Units for the annual retainer, 1,387.55 Stock Units for the annual stock award, 240.15 Stock Units for the lead independent director fees, and 64.05 Stock Units for committee chair/member fees. At distribution, Ms. Sherman may elect pursuant to the terms of the Plan to receive her 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, Ms. Sherman elected to receive her 2023 Board of Directors retainer, stock award, lead independent director fee and committee member fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until January 1 of the year following Ms. Sherman's departure from the Board, to be paid in a series of five annual installments. On May 4, 2023, Ms. Sherman was credited with 800.51 Stock Units for the annual retainer, 1,387.55 Stock Units for the annual stock award, 240.15 Stock Units for the lead independent director fees, and 64.05 Stock Units for committee chair/member fees. At distribution, Ms. Sherman may elect pursuant to the terms of the Plan to receive her deferred compensation either in shares of Franklin common stock or in cash.