Franklin Electric (FELE) Director Receives 108.56 Deferred Stock Units

Rhea-AI Filing Summary

Renee J. Peterson, a director of Franklin Electric Co., was credited with 108.56 stock units on 08/21/2025 under the company's Nonemployee Directors' Deferred Compensation Plan for dividend equivalents. The filing reports that after the credited stock units the reporting person beneficially owns 39,339 shares of Franklin Electric common stock in a direct capacity. The stock units were recorded as deferred compensation and may be distributed in either shares or cash per the Plan's terms when distribution conditions are met.

Positive

• Deferred compensation was properly credited under the Nonemployee Directors' Deferred Compensation Plan, reflecting governance compliance
• Transaction is plan-based (dividend equivalents) and not an open-market sale, indicating no immediate disposition pressure

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received deferred stock units for dividend equivalents under an existing director deferred compensation plan; this is routine governance activity.

The crediting of 108.56 stock units to Ms. Peterson represents a standard accrual under the Nonemployee Directors' Deferred Compensation Plan as described in the filing. This transaction does not reflect an open-market purchase or sale by the director but a plan-based credit for dividend equivalents on deferred awards. The filing confirms the director's direct beneficial ownership of 39,339 shares following the crediting, and indicates distribution options (stock or cash) per plan terms, which is typical for nonemployee director deferred compensation arrangements.

Securities Analyst

TL;DR: The Form 4 discloses a mechanical plan credit of 108.56 stock units; this is immaterial to capital structure or market supply.

The reported 108.56 stock units are dividend-equivalent amounts credited under the deferred compensation plan on 08/21/2025. The Form 4 shows this as an acquisition (A) of stock units rather than a market transaction and records 39,339 shares beneficially owned by the reporting person thereafter. Absent additional transactions, this disclosure signals routine compensation accounting rather than a change in investment stance by the director.

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
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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^*

PETERSON RENEE J

(Last) (First) (Middle)

7025 W GREENBRIAR DRIVE

(Street)

GLENDALE AZ 85308

(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)
08/21/2025

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)	08/21/2025		A		108.56		(1)	(1)	common stock	108.56	$95.76	39,339	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, Ms. Peterson elected to receive her 2015-2024 stock award, meeting fees, and retainer of Franklin Electric Co., Inc common stock, issuance of such shares deferred until she 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 21, 2025, Ms. Peterson was credited with 108.56 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Ms. Peterson may elect pursuant to the terms of the Plan to receive her deferred compensation either in shares of Franklin common stock or in cash.

Remarks:

	Jonathan M. Grandon, power of attorney for Renee J. Peterson	08/22/2025
	** 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 did Renee J. Peterson report on Form 4 for FELE?

She was credited with 108.56 stock units on 08/21/2025 under the Nonemployee Directors' Deferred Compensation Plan as dividend equivalents.

How many shares does the reporting person beneficially own after the transaction?

39,339 shares are reported as beneficially owned in a direct capacity following the credited stock units.

Was this a market purchase or sale reported on the Form 4?

No. The filing records a plan credit (acquisition of stock units) rather than an open-market transaction.

Can Ms. Peterson receive cash instead of shares at distribution?

Yes. Per the Plan, at distribution she may elect to receive deferred compensation in shares of common stock or in cash.

On what date were the stock units credited?

August 21, 2025 is the transaction date shown in the Form 4.