Thomas R. Verhage - Jan 2, 2025 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
Director
Signature
Jonathan M. Grandon, power of attorney for Thomas R. VerHage
Stock symbol
FELE
Transactions as of
Jan 2, 2025
Transactions value $
$86,484
Form type
4
Date filed
1/3/2025, 10:11 AM
Previous filing
Nov 22, 2024
Next filing
Feb 21, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Options Exercise $86.5K +902 $95.88 902 Jan 2, 2025 Direct
transaction FELE common stock Other -$34 -0.35 -0.04% $95.88 902 Jan 2, 2025 Direct F1, F2

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 Options Exercise $0 -902 -1.49% $0.00 59.9K Jan 2, 2025 common stock 902 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Partial share paid out in cash.
F2 Includes 902 shares owned outright.
F3 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. VerHage elected to receive his deferred compensation in shares of Franklin common stock. The deferred compensation was for a portion of his 2021 and 2022 Board of Director retainer, stock award, committee member fees, and lead independent director fees in Franklin Electric Co., Inc. common stock and dividends received on such shares.