David M. Wathen - May 1, 2025 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
Director
Signature
Jonathan M. Grandon, power of attorney for David M. Wathen
Stock symbol
FELE
Transactions as of
May 1, 2025
Transactions value $
-$55
Form type
4
Date filed
5/2/2025, 04:01 PM
Previous filing
Feb 21, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Wathen David M Director 3933 KIRKLAND COURT, BLOOMFIELD HILLS Jonathan M. Grandon, power of attorney for David M. Wathen 2025-05-02 0001326561

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Options Exercise $8.01M +93.9K +1702.73% $85.35 99.4K May 1, 2025 Direct
transaction FELE common stock Other -$56 -0.65 0% $85.35 99.4K May 1, 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 -$8.01M -93.9K -100% $85.35 0 May 1, 2025 common stock 93.9K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

David M. Wathen is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Partial share paid out in cash.
F2 Includes 99,402 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. Wathen elected to receive his 2005-2016 and 2019 Board of Directors retainer, stock award, and meeting fees in Franklin Electric Co., Inc. common stock, and in 2017-2018, his retainer, stock award, meeting fees, and lead independent director fees in Franklin Electric Co., Inc. common stock issuance of such shares deferred until he retires or otherwise leaves the Board of Directors (e.g. Stock Units). On May 1, 2025, Mr. Wathen has retired from the board and has elected to receive his deferred compensation in Franklin common stock.