Chris Villavarayan - 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 Chris Villavarayan
Stock symbol
FELE
Transactions as of
May 4, 2023
Transactions value $
$342,161
Form type
4/A - Amendment
Date filed
5/9/2023, 04:53 PM
Date Of Original Report
May 8, 2023
Previous filing
Mar 15, 2023
Next filing
May 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Options Exercise $119K +1.25K +67.78% $95.31 3.08K May 6, 2023 Direct
transaction FELE common stock Other -$83 -0.87 -0.03% $95.31 3.08K May 6, 2023 Direct F1, F2

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 $224K +2.39K +191.48% $93.69 3.63K May 4, 2023 common stock 2.39K Direct F3
transaction FELE stock units Options Exercise $0 -1.25K -34.31% $0.00 2.39K May 6, 2023 common stock 1.25K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Partial shares paid out in cash.
F2 Includes 3,083 shares owned outright.
F3 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. Villavarayan elected to receive his 2023 Board of Directors retainer, annual stock award, and committee member fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until he retires, otherwise leaves the Board of Directors, or has elected to receive such payment per the terms of the Plan. On May 4, 2023, Mr. Villavarayan was credited with 800.51 Stock Units for the annual retainer, 1,387.55 Stock Units for the annual stock award and 197.47 Stock Units for committee member fees. At distribution, Mr. Villavarayan may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.
F4 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. Villavarayan has elected to receive his deferred compensation in shares of Franklin common stock. The deferred compensation was for his 2022 Board of Directors retainer, stock award and committee member fees in Franklin Electric Co., Inc. common stock and dividends received on such shares.