Victor Grizzle - May 2, 2024 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
Director
Signature
Jonathan M. Grandon, power of attorney for Victor Grizzle
Stock symbol
FELE
Transactions as of
May 2, 2024
Transactions value $
$241,000
Form type
4
Date filed
5/3/2024, 03:16 PM
Previous filing
Apr 5, 2024
Next filing
May 15, 2024

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 stock units Award $241K +2.44K +22.86% $98.72 13.1K May 2, 2024 common stock 2.44K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board of Directors on February 11, 2000 and amended and restated on May 6, 2020, Mr. Grizzle elected to receive his 2024 Board of Directors retainer, annual stock award, and committee chair/member fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until 2025, to be paid in a lump sum. On May 2, 2024, Mr. Grizzle was credited with 861.02 Stock Units for the annual retainer, 1,367.50 Stock Units for the annual stock award, and 212.73 Stock Units for committee chair/member fees. At distribution, Mr. Grizzle may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.