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

Role
VP, Global Manufacturing Ops
Signature
Brent L. Spikes
Stock symbol
FELE
Transactions as of
Feb 22, 2024
Transactions value $
$224,284
Form type
4
Date filed
2/26/2024, 04:39 PM
Previous filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Award $0 +826 +23% $0.00 4.42K Feb 22, 2024 Direct F1, F2
holding FELE common stock 4.29K Feb 22, 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 $224K +2.28K $98.37 2.28K Feb 22, 2024 common stock 2.28K $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 826 restricted stock units that vest on 2/22/2027, 725 restricted shares that vest on 2/16/2026, 810 restricted shares that vest on 2/24/2025, 1,596 restricted shares that vest on 5/5/2025, and 461 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.