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Franklin Electric (FELE) executive gets share grant and tax withholding

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

Rhea-AI Filing Summary

Franklin Electric executive Delancey W. Davis, President of Headwater Companies, received a grant of 2,684 shares of common stock at $99.33 per share from the vesting of Performance Share Units. To cover related tax obligations, 1,122 shares were withheld, leaving him with 12,502 shares directly owned.

His direct holdings now include 2,661 restricted shares that vest in three equal annual installments beginning on February 19, 2026, 1,439 restricted stock units vesting on February 20, 2028, 1,499 restricted stock units vesting on February 22, 2027, and 6,903 shares owned outright.

Positive

  • None.

Negative

  • None.
Insider davis delancey w
Role President, Headwater Companies
Type Security Shares Price Value
Grant/Award common stock 2,684 $99.33 $267K
Tax Withholding common stock 1,122 $99.33 $111K
Holdings After Transaction: common stock — 13,624 shares (Direct)
Footnotes (1)
  1. Vest of Performance Share Units. Includes 2,661 restricted shares that vest in equal installments of 1/3 each year, beginning on the first anniversary of 2/19/2026, 1,439 restricted stock units that vest on 2/20/2028, 1,499 restricted stock units that vest on 2/22/2027, and 6,903 shares owned outright.
Shares granted 2,684 shares Common stock grant from vesting Performance Share Units at $99.33
Grant price $99.33 per share Value used for the 2,684-share award
Shares withheld for taxes 1,122 shares Tax-withholding disposition tied to the award
Shares owned after transaction 12,502 shares Total common shares directly owned following Form 4 transactions
Restricted shares 2,661 shares Vest in three equal installments starting February 19, 2026
RSUs vesting 2028 1,439 units Restricted stock units vesting on February 20, 2028
RSUs vesting 2027 1,499 units Restricted stock units vesting on February 22, 2027
Outright owned shares 6,903 shares Shares owned outright, not subject to vesting
Performance Share Units financial
"Vest of Performance Share Units."
Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.
restricted stock units financial
"1,439 restricted stock units that vest on 2/20/2028, 1,499 restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
restricted shares financial
"Includes 2,661 restricted shares that vest in equal installments of 1/3 each year"
Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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*
davis delancey w
(Last)(First)(Middle)
FRANKLIN ELECTRIC CO., INC.
9255 COVERDALE ROAD
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
President, Headwater Companies
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026		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
common stock04/08/2026A2,684(1)A$99.3313,624D
common stock04/08/2026F1,122D$99.3312,502(2)D
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
Explanation of Responses:
1. Vest of Performance Share Units.
2. Includes 2,661 restricted shares that vest in equal installments of 1/3 each year, beginning on the first anniversary of 2/19/2026, 1,439 restricted stock units that vest on 2/20/2028, 1,499 restricted stock units that vest on 2/22/2027, and 6,903 shares owned outright.
Remarks:
Delancey W. Davis04/10/2026
** 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 FELE executive Delancey W. Davis report?

Delancey W. Davis reported receiving a grant of 2,684 Franklin Electric common shares from vesting Performance Share Units. As part of the same event, 1,122 shares were withheld to satisfy tax obligations, resulting in an increase in his direct ownership position.

How many Franklin Electric (FELE) shares does Delancey W. Davis now hold directly?

After these transactions, Delancey W. Davis directly holds 12,502 Franklin Electric common shares. This total includes restricted shares, restricted stock units scheduled to vest on future dates, and 6,903 shares that are already owned outright and not subject to future vesting.

Was the FELE insider transaction a market purchase or sale of shares?

The activity was not an open-market trade. Davis received 2,684 shares as a grant from vesting Performance Share Units, and 1,122 shares were disposed of only to cover tax liabilities, a routine tax-withholding mechanism rather than a discretionary purchase or sale.

What future vesting schedules are disclosed for FELE shares held by Delancey W. Davis?

Davis holds 2,661 restricted shares vesting in three equal annual installments starting February 19, 2026. He also has 1,439 restricted stock units vesting on February 20, 2028, and 1,499 restricted stock units vesting on February 22, 2027, in addition to shares already owned outright.

How many FELE shares were withheld for taxes in this insider transaction?

A total of 1,122 Franklin Electric common shares were withheld to cover tax obligations related to the vesting award. This tax-withholding disposition is a non-market event and simply settles the tax due on the 2,684-share Performance Share Unit vesting.