Gregg C. Sengstack - Jun 12, 2023 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role: Chairperson and CEO
Signature: Gregg C Sengstack
Stock symbol: FELE
Transactions as of: Jun 12, 2023
Transactions value $: -$4,258,189
Form type: 4
Date filed: 6/14/2023, 05:27 PM
Previous filing: May 11, 2023
Next filing: Aug 2, 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	$1.21M	+33K	+19.64%	$36.67	201K	Jun 12, 2023	Direct
transaction	FELE	common stock	Tax liability	-$2.11M	-21.4K	-10.65%	$98.45	180K	Jun 12, 2023	Direct
transaction	FELE	common stock	Options Exercise	$1.22M	+33.1K	+18.45%	$36.67	213K	Jun 13, 2023	Direct
transaction	FELE	common stock	Tax liability	-$2.15M	-21.4K	-10.04%	$100.65	191K	Jun 13, 2023	Direct	F1
holding	FELE	common stock						160K	Jun 12, 2023	By Reporting Person's Trust	F2
holding	FELE	common stock						115K	Jun 12, 2023	By Spouse's Trust	F3

Showing 1 to 6 of 6 entries

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	-$1.21M	-33K	-49.89%	$36.67	33.1K	Jun 12, 2023	common stock	33K	$36.67	Direct	F4
transaction	FELE	option	Options Exercise	-$1.22M	-33.1K	-100%	$36.67	0	Jun 13, 2023	common stock	33.1K	$36.67	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 11,069 restricted stock units that vest on 2/16/2026, 14,303 restricted stock units that vest on 2/24/2025, 13,946 restricted stock units that vest on 2/18/2024, and 152,086 owned outright.
F2	Represents shares held of record by the Gregg Sengstack 2020 Dynasty Trust, for which the reporting person's spouse is the trustee and over which the reporting person does not have sole voting and investment power.
F3	Represents shares held of record by the Dianne Sengstack 2020 Dynasty Trust, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F4	The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.