Jeffery L. Taylor - Feb 22, 2024 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
Vice President and CFO
Signature
Jeffery L. Taylor
Stock symbol
FELE
Transactions as of
Feb 22, 2024
Transactions value $
$690,262
Form type
4
Date filed
2/26/2024, 04:37 PM
Previous filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Award $0 +2.54K +21.92% $0.00 14.1K Feb 22, 2024 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 option Award $690K +7.02K $98.37 7.02K Feb 22, 2024 common stock 7.02K $98.37 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted shares vest 3 years after the 2/22/2024 grant date.
F2 Includes 2,541 restricted shares that vest on 2/22/2027, 2,346 restricted shares that vest on 2/16/2026, 3,039 restricted shares that vest on 2/24/2025 and 6,209.306 owned outright.
F3 The options become exercisable in three equal installments of 1/3 each year, beginning on the first anniversary of 2/22/2024.