Franklin Electric (FELE) director adds 8.39 deferred stock units

Rhea-AI Filing Summary

Franklin Electric Co., Inc. director Chris Villavarayan reported an acquisition of additional deferred stock-based compensation. On February 19, 2026, he was credited with 8.39 stock units as dividend equivalents on previously deferred stock awards under the Nonemployee Directors' Deferred Compensation Plan, bringing his directly held stock units to 2,845.74.

The plan allows Mr. Villavarayan to defer his 2025 stock award, meeting fees, and retainer into Franklin Electric common stock units, with actual share issuance postponed until he retires, leaves the Board, or elects payment per plan terms, in either Franklin common stock or cash.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Villavarayan Chris

Role Director

Type	Security	Shares	Price	Value
Grant/Award	stock units	8.39	$94.71	$794.62

Holdings After Transaction: stock units — 2,845.74 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Villavarayan Chris

(Last) (First) (Middle)

PO BOX 615

(Street)

LAKE ORION MI 48361

(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		8.39		(1)	(1)	common stock	8.39	$94.71	2,845.74	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. Villavarayan elected to receive his 2025 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 February 19, 2026, Mr. Villavarayan was credited with 8.39 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.

Remarks:

	Jonathan M. Grandon, power of attorney for Chris Villavarayan	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.

FAQ

What insider transaction did Franklin Electric (FELE) director Chris Villavarayan report?

Director Chris Villavarayan reported an acquisition of 8.39 stock units as dividend equivalents on February 19, 2026. These units relate to previously deferred director compensation under Franklin Electric’s Nonemployee Directors' Deferred Compensation Plan and increase his total directly held stock units to 2,845.74.

On what date were stock units credited to Franklin Electric (FELE) director Chris Villavarayan?

Stock units were credited to Chris Villavarayan on February 19, 2026. On that date he received 8.39 additional stock units as credit for dividends that would have been paid on his deferred stock awards, under Franklin Electric’s Nonemployee Directors' Deferred Compensation Plan.

How many Franklin Electric (FELE) stock units does Chris Villavarayan hold after this Form 4 transaction?

After this transaction, Chris Villavarayan holds 2,845.74 stock units directly. This total includes the 8.39 stock units credited on February 19, 2026 as dividend equivalents on his deferred director stock awards under the company’s Nonemployee Directors' Deferred Compensation Plan.

What is the nature of the stock units reported by Franklin Electric (FELE) director Chris Villavarayan?

The reported stock units are deferred compensation under the Nonemployee Directors' Deferred Compensation Plan. Mr. Villavarayan elected to receive his 2025 stock award, meeting fees, and retainer in Franklin Electric common stock units, with issuance deferred until retirement, Board departure, or payment election.

When can Franklin Electric (FELE) director Chris Villavarayan receive the shares or cash for his deferred stock units?

Mr. Villavarayan can receive value for his deferred stock units when he retires, otherwise leaves the Board of Directors, or elects payment per plan terms. At distribution, he may choose to receive either Franklin Electric common stock or cash, consistent with the Nonemployee Directors' Deferred Compensation Plan.

What does the Form 4 say about dividend treatment on Franklin Electric (FELE) deferred stock awards?

The Form 4 states that on February 19, 2026, Mr. Villavarayan was credited with 8.39 stock units for dividends that would have been paid on his deferred shares. These credits accumulate within the Nonemployee Directors' Deferred Compensation Plan until distribution under its terms.