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Franklin Electric (FELE) director gets 1,459.63 deferred stock units

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Carano Mark A reported acquisition or exercise transactions in this Form 4 filing.

Franklin Electric Co., Inc. director Mark A. Carano reported receiving a grant of stock-based compensation. On May 8, 2026, he was credited with 1,459.63 stock units tied to Franklin Electric common stock as his 2026 annual Board retainer under the Nonemployee Directors' Deferred Compensation Plan. Following this award, he directly holds 3,163.91 stock units. The units represent deferred director fees, with Mr. Carano able to elect at distribution to receive equivalent value in Franklin Electric common stock or in cash.

Positive

  • None.

Negative

  • None.
Insider Carano Mark A
Role null
Type Security Shares Price Value
Grant/Award stock units 1,459.63 $99.34 $145K
Holdings After Transaction: stock units — 3,163.91 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Stock units granted 1,459.63 stock units Annual Board retainer credited on May 8, 2026
Grant reference price $99.34 per unit Price per stock unit for the reported grant
Total stock units after grant 3,163.91 stock units Direct holdings following the May 8, 2026 award
Underlying common stock 1,459.63 shares Underlying Franklin Electric common stock for granted units
Nonemployee Directors' Deferred Compensation Plan financial
"Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board of Directors..."
stock units financial
"On May 8, 2026, Mr. Carano was credited with 1,459.63 Stock Units for the annual retainer."
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
"issuance of such shares have been elected to be deferred... to receive his deferred compensation either in shares... or in cash."
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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
9255 COVERDALE RD
(Street)
FORT WAYNE INDIANA 46809
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
FRANKLIN ELECTRIC CO INC [ FELE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
stock units(1)05/08/2026A1,459.63 (1) (1)common stock1,459.63$99.343,163.91D
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 2026 Board of Directors retainer fees in Franklin Electric Co., Inc. common stock, issuance of such shares have been elected to be deferred. On May 8, 2026, Mr. Carano was credited with 1,459.63 Stock Units for the annual retainer. 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. Carano05/12/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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

Franklin Electric director Mark A. Carano reported receiving 1,459.63 stock units as a grant of deferred compensation. These units represent his 2026 Board retainer, credited under the company’s Nonemployee Directors' Deferred Compensation Plan rather than an open-market stock purchase.

How many Franklin Electric stock units did Mark A. Carano receive in this Form 4?

Mark A. Carano was credited with 1,459.63 stock units on May 8, 2026. The units correspond to his 2026 annual Board of Directors retainer and are issued under the Nonemployee Directors' Deferred Compensation Plan, with settlement in stock or cash at a future distribution date.

Is Mark A. Carano’s Franklin Electric Form 4 transaction an open-market stock purchase?

No, the transaction is not an open-market purchase. It reflects a grant of 1,459.63 stock units as deferred Board compensation under a company plan. The filing describes it as a grant or award acquisition, not a buy order executed in the public market.

What is the Nonemployee Directors' Deferred Compensation Plan at Franklin Electric (FELE)?

The Nonemployee Directors' Deferred Compensation Plan allows directors to elect to receive Board retainer fees in Franklin Electric common stock on a deferred basis. For 2026, Mark A. Carano chose this option and was credited with 1,459.63 stock units for his annual retainer.

How many Franklin Electric stock units does Mark A. Carano hold after this grant?

After the May 8, 2026 grant, Mark A. Carano holds 3,163.91 stock units directly. This total includes the newly credited 1,459.63 units from his 2026 Board retainer under the Nonemployee Directors' Deferred Compensation Plan as reported in the Form 4.

Can Mark A. Carano receive cash instead of Franklin Electric shares for these stock units?

Yes, at distribution Mr. Carano may elect to receive his deferred compensation either in Franklin Electric common stock or in cash. This choice is provided under the terms of the Nonemployee Directors' Deferred Compensation Plan cited in the Form 4 footnote.