Jennifer L. Sherman - May 18, 2023 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
May 18, 2023
Transactions value $
$9,037
Form type
4
Date filed
5/22/2023, 04:51 PM
Previous filing
May 8, 2023
Next filing
Aug 21, 2023
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 $9.04K +96.5 +0.24% $93.67 40.3K May 18, 2023 common stock 96.5 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jennifer L. Sherman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 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 May 18, 2023, Ms. Sherman was credited with 96.48 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.