Donald P. Kenney - Jun 8, 2023 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
VP & President
Signature
Donald P. Kenney
Stock symbol
FELE
Transactions as of
Jun 8, 2023
Transactions value $
-$2,726,874
Form type
4
Date filed
6/9/2023, 05:06 PM
Previous filing
May 31, 2023
Next filing
Jun 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Options Exercise $287K +7.82K +30.26% $36.67 33.7K Jun 8, 2023 Direct
transaction FELE common stock Options Exercise $321K +11K +32.77% $29.08 44.7K Jun 8, 2023 Direct
transaction FELE common stock Options Exercise $372K +8.83K +19.74% $42.20 53.5K Jun 8, 2023 Direct
transaction FELE common stock Sale -$2.73M -27.7K -51.71% $98.50 25.9K Jun 8, 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 -$287K -7.82K -100% $36.67 0 Jun 8, 2023 common stock 7.82K $36.67 Direct F2
transaction FELE option Options Exercise -$321K -11K -100% $29.08 0 Jun 8, 2023 option 11K $29.08 Direct F2
transaction FELE option Options Exercise -$372K -8.83K -100% $42.20 0 Jun 8, 2023 common stock 8.83K $42.20 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 2,504 restricted stock units that vest on 2/16/2026, 3,254 restricted stock units that vest on 2/24/2025, 3,589 restricted stock units that vest on 2/18/2024, and 16,508 shares owned outright.
F2 The options became exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.