Franklin Electric director awarded 8.24 deferred stock units

FRANKLIN ELECTRIC CO INC director Chris Villavarayan reported an acquisition of additional deferred equity compensation.

Rhea-AI Filing Summary

FRANKLIN ELECTRIC CO INC director Chris Villavarayan reported an acquisition of additional deferred equity compensation. On May 21, 2026, he was credited with 8.24 stock units, representing dividend equivalents on previously deferred shares under the Nonemployee Directors' Deferred Compensation Plan.

Each stock unit corresponds to common stock with a reference price of $96.68 per share, and his holdings in these stock units increased to 5,355.49 units following the transaction. The units are deferred; he may later receive the value in Franklin common stock or cash, according to plan terms.

Insider Trade Summary

Grant/Award: 8.24 shares

Grant/Award 1 txn

Insider Villavarayan Chris

Role Director

Type	Security	Shares	Price	Value
Grant/Award	stock units	8.24	$96.68	$796.64

Holdings After Transaction: stock units — 5,355.49 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. 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 May 21, 2026, Mr. Villavarayan was credited with 8.24 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.

Key Figures

Stock units granted: 8.24 stock units Reference price per unit: $96.68 per share Total stock units after grant: 5,355.49 stock units

3 metrics

Stock units granted 8.24 stock units Credited on May 21, 2026 as dividend equivalents

Reference price per unit $96.68 per share Transaction price per underlying common share

Total stock units after grant 5,355.49 stock units Holdings following the May 21, 2026 award

Key Terms

Nonemployee Directors' Deferred Compensation Plan, stock units, deferred compensation

3 terms

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

"Mr. Villavarayan was credited with 8.24 Stock Units for dividends"

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

"elected to receive his 2025 stock award, meeting fees, and retainer in Franklin Electric Co., Inc common stock, issuance of such shares deferred"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Franklin Electric (FELE) director Chris Villavarayan report in this Form 4?

He reported an acquisition of 8.24 stock units as deferred compensation. These units reflect dividend equivalents on prior deferred stock awards and increase his total deferred stock unit holdings to 5,355.49, all under the company’s Nonemployee Directors' Deferred Compensation Plan.

Is the Franklin Electric (FELE) Form 4 transaction a market purchase or sale?

The transaction is not a market trade; it is a grant/award acquisition. Villavarayan was credited with 8.24 stock units as part of deferred director compensation, tied to dividends on earlier deferred awards rather than open-market buying or selling of common shares.

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

After this transaction, he holds 5,355.49 stock units. These units represent deferred compensation linked to Franklin Electric common stock, with distribution in shares or cash to occur when he leaves the board or as allowed under the plan’s terms.

What are the key terms of the Franklin Electric (FELE) deferred stock units reported?

Each stock unit is tied to Franklin Electric common stock at a reference price of $96.68 per share. The units are issued under the Nonemployee Directors' Deferred Compensation Plan, with distribution deferred until retirement, board departure, or another election allowed by the plan.

Does this Franklin Electric (FELE) Form 4 indicate immediate share issuance?

No, the Form 4 reflects deferred compensation, not immediate share delivery. The 8.24 stock units are credited now, but actual Franklin Electric common stock or cash will be distributed later, when Villavarayan retires, leaves the board, or elects distribution per plan rules.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 11:27 AM EDT 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^*

Villavarayan Chris

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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

X	Form 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)
			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)	05/21/2026		A		8.24		(1)	(1)	common stock	8.24	$96.68	5,355.49	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 May 21, 2026, Mr. Villavarayan was credited with 8.24 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	05/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)