delancey w. davis - May 22, 2023 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
President, Headwater Companies
Signature
Delancey W. Davis
Stock symbol
FELE
Transactions as of
May 22, 2023
Transactions value $
-$916,813
Form type
4
Date filed
5/24/2023, 04:15 PM
Previous filing
May 5, 2023
Next filing
Aug 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Options Exercise $222K +3.71K +32.05% $59.71 15.3K May 22, 2023 Direct
transaction FELE common stock Options Exercise $422K +5.78K +37.76% $73.14 21.1K May 22, 2023 Direct
transaction FELE common stock Tax liability -$748K -7.95K -37.75% $94.07 13.1K May 22, 2023 Direct
transaction FELE common stock Sale -$169K -1.8K -13.73% $93.66 11.3K May 22, 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 -$222K -3.71K -100% $59.71 0 May 22, 2023 common stock 3.71K $59.71 Direct F2
transaction FELE option Options Exercise -$422K -5.78K -66.66% $73.14 2.89K May 22, 2023 common stock 5.78K $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.