Franklin Electric (FELE) director now holds 5,370.01 stock units
Rhea-AI Filing Summary
FRANKLIN ELECTRIC CO INC (FELE) reported that director Chris Villavarayan acquired 14.52 stock units linked to Franklin Electric common stock on August 20, 2026. These units were credited as dividend equivalents on previously deferred director compensation under the company’s Nonemployee Directors' Deferred Compensation Plan, bringing his directly held stock units to 5,370.01. Distribution of these deferred amounts will occur per plan terms, either in shares of common stock or in cash.
Positive
- None.
Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Villavarayan Chris
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | stock units F1 | 14.52 | $103.26 | $1K |
Holdings After Transaction:
stock units — 5,370.01 shares (Direct)
Footnotes (1)
- 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, Mr. Villavarayan elected to receive his 2025-2026 stock award, meeting fees, and retainer in Franklin Electric Co., Inc common stock, issuance of such shares deferred until he 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 August 20, 2026, Mr. Villavarayan was credited with 14.52 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Villavarayan may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.
Key Figures
Stock units acquired: 14.52 stock units
Reference price per stock unit: $103.26 per stock unit
Total stock units after transaction: 5,370.01 stock units
+2 more
5 metrics
Stock units acquired
14.52 stock units
Dividend-equivalent credit on deferred director compensation on August 20, 2026
Reference price per stock unit
$103.26 per stock unit
Valuation used for the 14.52 stock units credited on August 20, 2026
Total stock units after transaction
5,370.01 stock units
Direct holdings of stock units by Chris Villavarayan following the August 20, 2026 credit
Plan approval date
February 11, 2000
Original Board approval date of the Nonemployee Directors' Deferred Compensation Plan
Plan amendment and restatement date
May 6, 2020
Date the Nonemployee Directors' Deferred Compensation Plan was amended and restated
Key Terms
Nonemployee Directors' Deferred Compensation Plan, Stock Units, deferred compensation
3 terms
Nonemployee Directors' Deferred Compensation Plan financial
"Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board"
Stock Units financial
"Mr. Villavarayan was credited with 14.52 Stock Units for dividends that would have been paid"
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
deferred compensation financial
"elected to receive his 2025-2026 stock award, meeting fees, and retainer in common stock, issuance of such shares deferred"
Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.
FAQ
What insider transaction did FELE director Chris Villavarayan report?
Chris Villavarayan reported an acquisition of 14.52 stock units tied to Franklin Electric common stock on August 20, 2026, credited as dividend equivalents on his deferred director compensation under the company’s Nonemployee Directors' Deferred Compensation Plan.
At what reference price were the new FELE stock units valued?
The 14.52 stock units credited to Chris Villavarayan were valued at a reference price of $103.26 per stock unit, as disclosed in the Form 4 insider filing.
How many FELE stock units does Chris Villavarayan hold after this transaction?
After receiving the dividend-equivalent credit of 14.52 stock units, Chris Villavarayan holds a total of 5,370.01 stock units directly, under Franklin Electric’s deferred compensation arrangements for nonemployee directors.
Why did Chris Villavarayan receive additional FELE stock units?
He received 14.52 stock units on August 20, 2026 as compensation for dividends that would have been paid on his deferred Franklin Electric shares, consistent with the Nonemployee Directors' Deferred Compensation Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
