Jay J. Walsh - 16 Feb 2023 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
President, Franklin Fueling
Signature
Jay J. Walsh
Issuer symbol
FELE
Transactions as of
16 Feb 2023
Transactions value $
$384,287
Form type
4
Filing time
21 Feb 2023, 16:03:23 UTC
Previous filing
28 Feb 2022
Next filing
01 May 2023
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 +1,153 +9.3% $0 13,487 16 Feb 2023 Direct F1
transaction FELE common stock Award $142,864 +1,482 +12% $96.4 13,487 20 Feb 2023 Direct F2
transaction FELE common stock Tax liability -$59,189 -614 -4.6% $96.4 12,873 20 Feb 2023 Direct F3
holding FELE common stock 21 16 Feb 2023 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 $300,611 +3,169 $94.86 3,169 16 Feb 2023 common stock 3,169 $94.86 Direct F4
* 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 2/16/2023 grant date.
F2 Vest of restricted shares.
F3 Includes 1,153 restricted stock units that vest on 2/16/2026, 1,493 restricted stock units that vest on 2/24/2025, 1,641 restricted shares that vest on 2/18/2024, and 8,586 shares owned outright.
F4 The options become exercisable in three equal installments of 1/3 each year, beginning on the first anniversary of 2/16/2023.