Chris Villavarayan - 16 May 2024 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role: Director
Signature: Jonathan M. Grandon, power of attorney for Chris Villavarayan
Issuer symbol: FELE
Transactions as of: 16 May 2024
Net transactions value: +$603
Form type: 4
Filing time: 20 May 2024, 15:07:58 UTC
Previous filing: 03 May 2024
Next filing: 04 Jun 2024
SEC: View on sec.gov

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	$603	+6	+0.25%	$100.36	2,418	16 May 2024	common stock	6		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. Villavarayan elected to receive his 2022 meeting fees and retainer and 2023 stock award, meeting fees, and retainer in Franklin Electric Co., Inc common stock, issuance of such shares deferred until he retires, otherwise leaves the Board of Directors, or has elected to receive such payment per the terms of the Plan (e.g. Stock Units). On May 16, 2024, Mr. Villavarayan was credited with 6.01 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Villavarayan may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.

Content

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. Villavarayan elected to receive his 2022 meeting fees and retainer and 2023 stock award, meeting fees, and retainer in Franklin Electric Co., Inc common stock, issuance of such shares deferred until he retires, otherwise leaves the Board of Directors, or has elected to receive such payment per the terms of the Plan (e.g. Stock Units). On May 16, 2024, Mr. Villavarayan was credited with 6.01 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Villavarayan may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.