Franklin Electric (FELE) Director Receives Dividend-Equivalent Stock Units

Rhea-AI Filing Summary

Gregg C. Sengstack, a director of Franklin Electric Co., Inc. (FELE), was credited with 4.56 stock units under the company's Nonemployee Directors' Deferred Compensation Plan on 08/21/2025. The units represent dividends that would have been paid on deferred shares and were credited at a price of $95.76 per share. After the crediting, the filing reports 1,650.8 shares/stock units beneficially owned following the transaction. Under the Plan, distribution of deferred compensation may be taken in Franklin common stock or cash when Mr. Sengstack retires, leaves the board, or elects payment per Plan terms.

Positive

• Disclosure complies with Section 16 reporting, providing transparency about director compensation
• Deferred compensation remains tied to company equity, aligning director interests with shareholders

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received a small dividend-equivalent credit to deferred stock units; routine governance disclosure with limited market impact.

The Form 4 discloses a routine crediting of 4.56 stock units to a director’s deferred compensation account pursuant to the Nonemployee Directors' Deferred Compensation Plan. The transaction is non-cash and reflects dividend equivalents rather than a market purchase or sale. The filing confirms the director’s relationship to the issuer and the mechanics for eventual distribution in stock or cash. This is a standard disclosure consistent with long-standing director compensation arrangements and does not indicate a change in control, a cash outlay, or an open-market trade.

Securities Analyst

TL;DR: Small, non-derivative credit of stock units recorded; immaterial to company capitalization or insider stake.

The reported credit of 4.56 stock units at an indicated price of $95.76 results from dividend-equivalent accruals under the deferred compensation plan. The Form 4 also reports total beneficial ownership of 1,650.8 shares/units after the credit. Because this transaction is an administrative plan credit (not a purchase or sale), it is unlikely to affect share supply or signal management trading intent. Disclosure is appropriate and complies with Section 16 reporting requirements.

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^*

SENGSTACK GREGG C

(Last) (First) (Middle)

738 LATITUDE CIRCLE

(Street)

CHATTANOOGA TN 37402

(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		4.56		(1)	(1)	common stock	4.56	$95.76	1,650.8	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. Sengstack elected to receive his 2025 stock award 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 August 21, 2025, Mr. Sengstack was credited with 4.56 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Sengstack 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 Gregg C. Sengstack	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 transaction did Gregg C. Sengstack report on the FELE Form 4?

The Form 4 reports that Mr. Sengstack was credited with 4.56 stock units under the Nonemployee Directors' Deferred Compensation Plan on 08/21/2025.

How many shares/units does Gregg C. Sengstack beneficially own after the transaction (FELE)?

The filing reports 1,650.8 shares/stock units beneficially owned following the reported transaction.

What is the stated price per share/unit for the credited stock units?

The Form 4 shows a price of $95.76 associated with the stock units credited.

Under what plan were the stock units credited?

They were credited pursuant to the Nonemployee Directors' Deferred Compensation Plan, as amended and restated, under which dividend equivalents may be deferred as stock units.

When can the deferred stock units be distributed to Mr. Sengstack?

At distribution, Mr. Sengstack may elect to receive deferred compensation in Franklin common stock or cash when he retires, leaves the Board, or elects payment per the Plan terms.