Franklin Electric (FELE) director Victor Grizzle receives 2,526-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grizzle Victor reported acquisition or exercise transactions in this Form 4 filing.
Franklin Electric Co. Inc. director Victor Grizzle received a grant of 2,526 shares of common stock on May 8, 2026. The shares vest immediately as payment for his 2026 Board retainer, stock award, and committee chair/member fees, which he elected to take entirely in stock. Following this grant, he owns 17,096 shares outright.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Grizzle Victor
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | common stock | 2,526 | $0.00 | -- |
Holdings After Transaction:
common stock — 17,096 shares (Direct, null)
Footnotes (1)
- Shares vest immediately as payment for the 2026 Board of Director retainer, stock award and committee chair/member fees. Mr. Grizzle elected to receive all payments in common stock. Includes 17,096 shares owned outright.
Key Figures
Shares granted: 2,526 shares
Price per share: $0.00 per share
Total shares after grant: 17,096 shares
+2 more
5 metrics
Shares granted
2,526 shares
Board and committee compensation grant on May 8, 2026
Price per share
$0.00 per share
Compensation grant, not open-market purchase
Total shares after grant
17,096 shares
Common stock owned outright following transaction
Transaction code
A
Grant, award, or other acquisition of common stock
Transaction direction
acquire
Non-derivative stock grant to director
Key Terms
Grant, award, or other acquisition, retainer, committee chair/member fees, vest immediately
4 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
retainer financial
"payment for the 2026 Board of Director retainer, stock award and committee fees"
committee chair/member fees financial
"stock award and committee chair/member fees. Mr. Grizzle elected to receive"
vest immediately financial
"Shares vest immediately as payment for the 2026 Board of Director retainer"
FAQ
What did Franklin Electric (FELE) director Victor Grizzle report on this Form 4?
Director Victor Grizzle reported receiving 2,526 shares of Franklin Electric common stock. The shares were granted as compensation for his 2026 Board retainer, stock award, and committee chair/member fees, and vest immediately according to the filing’s footnotes.
Was Victor Grizzle’s Franklin Electric Form 4 transaction an open-market purchase or a grant?
The Form 4 shows a share grant, not an open-market purchase. Code A indicates a grant, award, or other acquisition, and the price per share is listed as 0.0000, confirming it was compensation rather than a cash stock purchase.