Franklin Electric (FELE) Form 144: Insider to Sell 10,000 Shares

Rhea-AI Filing Summary

Franklin Electric Co. (FELE) submitted a Form 144 disclosing a proposed sale of 10,000 shares of common stock through Charles Schwab on the Nasdaq with an aggregate market value of $978,800. The filing shows 44,484,632 shares outstanding, so the planned sale represents a very small fraction of total shares.

The securities sold were acquired through a stock option exercise on 11/07/2024 (28,982 shares) with payment noted as cash on 11/17/2024. The filer reports no sales in the past three months and certifies no undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Routine Rule 144 disclosure of a small insider sale; immaterial to company valuation.

The filing reports a proposed sale of 10,000 common shares valued at $978,800 against 44,484,632 shares outstanding, amounting to roughly 0.02% of outstanding stock. This is a standard compliance disclosure after a stock option exercise and shows no recent sales in the prior three months. For investors, the size and nature of the transaction indicate limited market impact and no immediate signal of material insider-driven liquidity events.

Corporate Governance Expert

TL;DR: Compliance-focused filing; provides routine transparency with no governance red flags.

The filer used Rule 144 to notify an intended sale executed via a broker, and included acquisition details (stock option exercise, 11/07/2024) and payment timing. The representation that no material nonpublic information is known is standard and required. There are no disclosures of accelerated insider selling, clustering of transactions, or exemptions that would raise governance concerns based on the content provided.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Comm,on	Charles Schwab Corp. 3000 Schwab Way Westlake TX 76262	10000	978800.00	44484632	08/13/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	11/07/2024	Stock Option Exercise	Issuer			28982	11/17/2024	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What securities does FELE plan to sell under this Form 144?

The filer plans to sell 10,000 shares of Franklin Electric common stock via Charles Schwab on Nasdaq with an aggregate value of $978,800.

When were the securities acquired and how were they acquired?

The securities were acquired by stock option exercise on 11/07/2024, totaling 28,982 shares, with payment noted as cash on 11/17/2024.

How large is the proposed sale relative to FELE's outstanding shares?

FELE has 44,484,632 shares outstanding; the proposed sale of 10,000 shares is about 0.02% of outstanding shares.

Were there any other sales by the filer in the past three months?

The Form 144 states "Nothing to Report" for securities sold during the past three months.

Who is the broker handling the proposed sale?

The broker listed for the transaction is Charles Schwab Corp., 3000 Schwab Way, Westlake TX 76262.