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Franklin Electric (FELE) VP Brent Spikes gets 1,307-share award, 548 shares withheld

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

Rhea-AI Filing Summary

Franklin Electric executive Brent L. Spikes, VP of Global Manufacturing Operations, reported routine equity compensation activity in company common stock. On April 8, 2026, he acquired 1,307 shares at $99.33 per share as a grant tied to the vesting of Performance Share Units.

On the same date, 548 shares at $99.33 per share were disposed of as a tax-withholding transaction, meaning shares were delivered to cover tax obligations rather than sold on the open market. After these transactions, he directly owned 6,160 shares of common stock, including restricted stock units scheduled to vest over future years and 2,955 shares owned outright.

Positive

  • None.

Negative

  • None.
Insider SPIKES BRENT L
Role VP, Global Manufacturing Ops
Type Security Shares Price Value
Grant/Award common stock 1,307 $99.33 $130K
Tax Withholding common stock 548 $99.33 $54K
Holdings After Transaction: common stock — 6,708 shares (Direct)
Footnotes (1)
  1. Vest of Performance Share Units. Includes 1,542 restricted stock units that vest in equal installments of 1/3 each year, beginning on the first anniversary of 2/19/2026, 837 restricted stock units that vest on 2/20/2028, 826 restricted stock units that vest on 2/22/2027, and 2,955 shares owned outright.
Equity grant 1,307 shares at $99.33 Grant, award, or other acquisition on April 8, 2026
Tax withholding shares 548 shares at $99.33 Shares delivered to cover tax liability on April 8, 2026
Shares owned after transactions 6,160 shares Total direct holdings following April 8, 2026 transactions
RSUs vesting in thirds 1,542 restricted stock units Vest in three equal installments starting February 19, 2026
RSUs vesting 2028 837 restricted stock units Vest on February 20, 2028
RSUs vesting 2027 826 restricted stock units Vest on February 22, 2027
Shares owned outright 2,955 shares Common stock owned outright by Brent L. Spikes
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
"Includes 1,542 restricted stock units that vest in equal installments"
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.
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.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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*
SPIKES BRENT L
(Last)(First)(Middle)
FRANKLIN ELECTRIC CO., INC.
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
VP, Global Manufacturing Ops
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 stock04/08/2026A1,307(1)A$99.336,708D
common stock04/08/2026F548D$99.336,160(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 1,542 restricted stock units that vest in equal installments of 1/3 each year, beginning on the first anniversary of 2/19/2026, 837 restricted stock units that vest on 2/20/2028, 826 restricted stock units that vest on 2/22/2027, and 2,955 shares owned outright.
Remarks:
Brent L. Spikes04/10/2026
** 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 did Franklin Electric (FELE) executive Brent L. Spikes report in this Form 4?

Brent L. Spikes reported a routine equity compensation event. He received 1,307 shares of Franklin Electric common stock as a grant at $99.33 per share, tied to the vesting of Performance Share Units, along with a related tax-withholding share disposition.

How many Franklin Electric (FELE) shares did Brent L. Spikes acquire and at what price?

He acquired 1,307 shares of Franklin Electric common stock at $99.33 per share as a grant. The filing describes this as a grant, award, or other acquisition connected to Performance Share Units, rather than an open-market stock purchase on an exchange.

What is the 548-share disposition reported by Brent L. Spikes in FELE stock?

The 548-share disposition is a tax-withholding transaction at $99.33 per share. Shares were delivered to cover tax liabilities associated with the equity award, not sold in an open-market trade, so it does not signal a discretionary stock sale decision.

How many Franklin Electric (FELE) shares does Brent L. Spikes hold after these transactions?

After these transactions, Brent L. Spikes directly holds 6,160 shares of Franklin Electric common stock. This total includes restricted stock units scheduled to vest over several future dates and 2,955 shares that are already owned outright, according to the footnote disclosure.

What restricted stock units does Brent L. Spikes hold in Franklin Electric (FELE)?

He holds 1,542 restricted stock units vesting in three equal installments starting February 19, 2026, 837 restricted stock units vesting on February 20, 2028, and 826 restricted stock units vesting on February 22, 2027, in addition to 2,955 shares owned outright.

Is this Franklin Electric (FELE) Form 4 transaction an open-market buy or sell?

No, the filing shows a grant and tax-withholding, not open-market trading. The 1,307-share acquisition is a grant linked to Performance Share Units, and the 548-share disposition covers tax liabilities, with no reported open-market purchase or sale activity.