Jay J. Walsh - 22 Feb 2024 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
President, Franklin Fueling
Signature
Jay J. Walsh
Issuer symbol
FELE
Transactions as of
22 Feb 2024
Net transactions value
+$314,095
Form type
4
Filing time
26 Feb 2024, 16:38:05 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 +1,156 +8.4% $0.000000 14,922 22 Feb 2024 Direct F1, F2
holding FELE common stock 21 22 Feb 2024 401(k) Shares

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 $314,095 +3,193 $98.37 3,193 22 Feb 2024 common stock 3,193 $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 stock units vest 3 years after the 2/22/2024 grant date.
F2 Includes 1,156 restricted stock units that vest on 2/22/2027, 1,153 restricted stock units that vest on 2/16/2026, 1,493 restricted stock units that vest on 2/24/2025, and 11,120 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.