[Form 4] FRANKLIN ELECTRIC CO INC Insider Trading Activity
Rhea-AI Filing Summary
Franklin Electric Co., Inc. (FELE) director Victor Grizzle reported a routine change in his deferred equity holdings. On November 20, 2025, he was credited with 7.21 stock units under the company’s Nonemployee Directors' Deferred Compensation Plan as dividend equivalents on previously deferred shares.
Following this transaction, Mr. Grizzle beneficially owned 2,486.97 stock units, held directly. These units represent deferred compensation from his 2024 stock award, meeting fees, and retainer. Under the plan, when distribution occurs, he may elect to receive the value of these stock units either in Franklin Electric common stock or in cash.
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FAQ
What did Franklin Electric (FELE) disclose in this Form 4 filing?
The filing reports that director Victor Grizzle was credited with 7.21 stock units on November 20, 2025 under Franklin Electric’s Nonemployee Directors' Deferred Compensation Plan.
How many stock units does Victor Grizzle now beneficially own in FELE?
After the reported transaction, Victor Grizzle beneficially owned 2,486.97 stock units, held directly, as disclosed in Table II of the filing.
What is the purpose of the stock units credited to the FELE director?
The 7.21 stock units represent dividends that would have been paid on shares Mr. Grizzle deferred under the Nonemployee Directors' Deferred Compensation Plan related to his 2024 stock award, meeting fees, and retainer.
Can the FELE director receive cash instead of stock for these deferred stock units?
Yes. At distribution, Mr. Grizzle may elect under the plan to receive his deferred compensation either in shares of Franklin Electric common stock or in cash.
Was this Franklin Electric (FELE) transaction part of a Rule 10b5-1 trading plan?
The form includes a checkbox for transactions made under a Rule 10b5-1(c) contract or plan, but the provided content does not show that box as checked for this specific transaction.
What plan governs the director’s deferred stock units at Franklin Electric?
The stock units are issued under the Nonemployee Directors' Deferred Compensation Plan, which was approved on February 11, 2000 and amended and restated on May 6, 2020.