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

Role
VP, Global Manufacturing Ops
Signature
Brent L. Spikes
Issuer symbol
FELE
Transactions as of
22 Feb 2024
Net transactions value
+$224,284
Form type
4
Filing time
26 Feb 2024, 16:39:07 UTC
Previous filing
20 Feb 2024
Next filing
24 Feb 2025
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 +826 +23% $0.000000 4,418 22 Feb 2024 Direct F1, F2
holding FELE common stock 4,287 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 $224,284 +2,280 $98.37 2,280 22 Feb 2024 common stock 2,280 $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.