Chris Villavarayan - 04 May 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
Issuer symbol: FELE
Transactions as of: 04 May 2023
Net transactions value: +$342,161
Form type: 4/A - Amendment
Filing time: 09 May 2023, 16:53:10 UTC
Date Of Original Report: 08 May 2023
Previous filing: 15 Mar 2023
Next filing: 22 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	Options Exercise	$118,744	+1,246	+68%	$95.31	3,084	06 May 2023	Direct
transaction	FELE	common stock	Other	$82.92	-1	-0.03%	$95.31	3,083	06 May 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	$223,500	+2,386	+191%	$93.69	3,631	04 May 2023	common stock	2,386		Direct	F3
transaction	FELE	stock units	Options Exercise	$0	-1,246	-34%	$0.000000	2,386	06 May 2023	common stock	1,246		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.