Franklin Electric director granted 5.02 deferred stock units

Franklin Electric Co., Inc. director Mark A. Carano reported an acquisition of stock units linked to his deferred compensation.

Rhea-AI Filing Summary

Franklin Electric Co., Inc. director Mark A. Carano reported an acquisition of stock units linked to his deferred compensation. On February 19, 2026, he was credited with 5.02 stock units as dividend equivalents on previously deferred shares, bringing his direct holdings in this deferred account to 1,704.28 stock units.

These units arise under the Nonemployee Directors' Deferred Compensation Plan, where Mr. Carano elected to receive his 2025 stock award in common stock with issuance deferred until he retires, leaves the board, or otherwise elects payment under the plan. At distribution, he may choose to receive the value in Franklin Electric common stock or in cash.

Insider Trade Summary

Grant/Award: 5.02 shares

Grant/Award 1 txn

Insider Carano Mark A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	stock units	5.02	$94.71	$475.44

Holdings After Transaction: stock units — 1,704.28 contracts (Direct)

Footnotes (1)

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. Carano elected to receive his 2025 stock award 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 February 19, 2026, Mr. Carano was credited with 5.02 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Carano may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.

FAQ

What insider transaction did Franklin Electric (FELE) report for Mark A. Carano?

Franklin Electric director Mark A. Carano reported acquiring 5.02 stock units on February 19, 2026. These units were credited as dividend equivalents on previously deferred shares under the company’s Nonemployee Directors' Deferred Compensation Plan.

How many Franklin Electric (FELE) stock units does Mark A. Carano hold after this transaction?

After the February 19, 2026 transaction, Mark A. Carano holds 1,704.28 stock units directly in his deferred compensation account. This reflects the addition of 5.02 stock units credited as dividend equivalents on his previously deferred stock award.

What is the nature of the 5.02 stock units acquired by Mark A. Carano at Franklin Electric (FELE)?

The 5.02 stock units represent dividend equivalents on deferred shares from Mr. Carano’s 2025 stock award election. Under Franklin Electric’s Nonemployee Directors' Deferred Compensation Plan, these stock units mirror dividends that would have been paid on the underlying deferred common stock.

Under what plan were Mark A. Carano’s Franklin Electric (FELE) stock units granted?

The stock units were granted under Franklin Electric’s Nonemployee Directors' Deferred Compensation Plan. This plan, approved in 2000 and amended in 2020, lets nonemployee directors defer stock awards and receive related dividend-equivalent stock units over time.

When will Mark A. Carano receive actual Franklin Electric (FELE) shares or cash for his deferred stock units?

Payment of Mr. Carano’s deferred stock units occurs when he retires, leaves the board, or otherwise elects distribution per the plan. At that time, he can choose to receive either Franklin Electric common stock or cash, consistent with the plan’s terms.

What was the reference price per stock unit in Mark A. Carano’s Franklin Electric (FELE) Form 4?

The Form 4 lists a reference price of $94.71 per stock unit for the 5.02 units credited on February 19, 2026. This figure helps value the award but does not indicate an open-market purchase or sale.

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Accepted by SEC EDGAR 02/23/2026 - 01:26 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Carano Mark A

(Last) (First) (Middle)

C/O SPX TECHNOLOGIES INC.

6325 ARDREY KELL ROAD, SUITE 400

(Street)

CHARLOTTE NC 28277

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FRANKLIN ELECTRIC CO INC [ FELE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
stock units	(1)	02/19/2026		A		5.02		(1)	(1)	common stock	5.02	$94.71	1,704.28	D

Explanation of Responses:

1. 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. Carano elected to receive his 2025 stock award 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 February 19, 2026, Mr. Carano was credited with 5.02 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Carano may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.

Remarks:

	Jonathan M. Grandon, power of attorney for Mark A. Carano	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.