Jennifer L. Sherman - Aug 15, 2024 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
Director
Signature
Jonathan M. Grandon, power of attorney for Jennifer L Sherman
Stock symbol
FELE
Transactions as of
Aug 15, 2024
Transactions value $
$10,797
Form type
4
Date filed
8/16/2024, 02:49 PM
Previous filing
May 20, 2024
Next filing
Nov 22, 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 $10.8K +108 +0.25% $99.62 43.3K Aug 15, 2024 common stock 108 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, Ms. Sherman elected to receive her 2014-2022 stock award, meeting fees, and retainer and 2023-2024 stock award, meeting fees, retainer and lead independent director fees of Franklin Electric Co., Inc common stock, issuance of such shares deferred until she 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 August 15, 2024, Ms. Sherman was credited with 108.38 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Ms. Sherman may elect pursuant to the terms of the Plan to receive her deferred compensation either in shares of Franklin common stock or in cash.