Delancey W. Davis - 22 May 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
22 May 2023
Net transactions value
-$916,813
Form type
4
Filing time
24 May 2023, 16:15:55 UTC
Previous filing
05 May 2023
Next filing
30 Aug 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 $221,644 +3,712 +32% $59.71 15,293 22 May 2023 Direct
transaction FELE common stock Options Exercise $422,384 +5,775 +38% $73.14 21,068 22 May 2023 Direct
transaction FELE common stock Tax liability $748,233 -7,954 -38% $94.07 13,114 22 May 2023 Direct
transaction FELE common stock Sale $168,580 -1,800 -14% $93.66 11,314 22 May 2023 Direct F1

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 Options Exercise $221,644 -3,712 -100% $59.71 0 22 May 2023 common stock 3,712 $59.71 Direct F2
transaction FELE option Options Exercise $422,384 -5,775 -67% $73.14 2,889 22 May 2023 common stock 5,775 $73.14 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 6,145 shares owned outright.
F2 The options become exercisable in three equal installments of 1/3 each year, beginning on the first anniversary of the grant date.