Jonathan M. Grandon - Feb 22, 2024 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
Chief Administrative Officer
Signature
Jonathan M. Grandon
Stock symbol
FELE
Transactions as of
Feb 22, 2024
Transactions value $
$465,880
Form type
4
Date filed
2/26/2024, 04:37 PM
Previous filing
Feb 20, 2024
Next filing
Apr 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Award $0 +1.72K +11.02% $0.00 17.3K Feb 22, 2024 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 option Award $466K +4.74K $98.37 4.74K Feb 22, 2024 common stock 4.74K $98.37 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted shares vest 3 years after the 2/22/2024 grant date.
F2 Includes 1,715 restricted shares that vest on 2/22/2027, 1,555 restricted shares that vest on 2/16/2026, 1,895 restricted shares that vest on 2/24/2025, and 12,110 shares owned outright.
F3 The options become exercisable in three equal installments of 1/3 each year, beginning on the first anniversary of 2/22/2024.