Jonathan M. Grandon - 22 Feb 2024 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
Chief Administrative Officer
Signature
Jonathan M. Grandon
Issuer symbol
FELE
Transactions as of
22 Feb 2024
Net transactions value
+$465,880
Form type
4
Filing time
26 Feb 2024, 16:37:45 UTC
Previous filing
20 Feb 2024
Next filing
19 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Award $0 +1,715 +11% $0.000000 17,275 22 Feb 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 $465,880 +4,736 $98.37 4,736 22 Feb 2024 common stock 4,736 $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 1,715 restricted shares that vest on 2/22/2027, 1,555 restricted shares that vest on 2/16/2026, 1,895 restricted shares that vest on 2/24/2025, and 12,110 shares 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.