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Franklin Electric (FELE) director adds to 3,177.44 deferred stock units

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

Rhea-AI Filing Summary

FRANKLIN ELECTRIC CO INC (FELE) director Mark A. Carano reported an acquisition of derivative securities linked to the company’s common stock. On August 20, 2026, he was credited with 8.59 stock units at a reference value of $103.26 per unit under the company’s Nonemployee Directors' Deferred Compensation Plan, bringing his directly held stock units to 3,177.44. The footnote states these stock units represent deferred compensation for his 2025–2026 stock award, including credits for dividends on deferred shares, with distribution to occur upon his retirement or departure from the board, or per his elections, in either Franklin common stock or cash.

Positive

  • None.

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Insider Carano Mark A
Role Director
Type Security Shares Price Value
Grant/Award stock units F1 8.59 $103.26 $887.00
Holdings After Transaction: stock units — 3,177.44 shares (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. Carano elected to receive his 2025-2026 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 20, 2026, Mr. Carano was credited with 8.59 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Carano may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.
Stock units acquired 8.59 stock units Credited on August 20, 2026 for dividends under the deferred compensation plan
Reference value per stock unit $103.26 per unit Value used for the August 20, 2026 stock unit credit
Total stock units after transaction 3,177.44 stock units Directly held by Mark A. Carano following the August 20, 2026 credit
Transaction date August 20, 2026 Date of stock unit credit under the Nonemployee Directors' Deferred Compensation Plan
Nonemployee Directors' Deferred Compensation Plan financial
"Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board"
stock units financial
"Mr. Carano was credited with 8.59 Stock Units for dividends that would have been paid"
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
"At distribution, Mr. Carano may elect ... to receive his deferred compensation"
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

What insider transaction did Mark A. Carano report in this Form 4 for FELE?
He reported an acquisition of 8.59 stock units linked to Franklin Electric common stock on August 20, 2026, under the Nonemployee Directors' Deferred Compensation Plan, as a credit for dividends that would have been paid on deferred shares.

What is Mark A. Carano’s total stock unit balance in FELE after this transaction?
After the transaction, Mark A. Carano holds a total of 3,177.44 stock units directly, representing deferred compensation linked to Franklin Electric common stock under the company’s Nonemployee Directors' Deferred Compensation Plan.

At what reference value were the new FELE stock units credited to Mark A. Carano?
The 8.59 stock units were credited at a reference value of $103.26 per unit, as reported in the Form 4 for this derivative acquisition tied to Franklin Electric common stock.

How and when will Mark A. Carano receive his deferred FELE compensation?
According to the plan, the deferred compensation tied to these stock units will be distributed when he retires, otherwise leaves the Board, or as he has elected, and he may receive it either in Franklin common stock or in cash.

Is Mark A. Carano’s Form 4 transaction in FELE under a Rule 10b5-1 plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed, and the footnote describes the award as pursuant to the Nonemployee Directors' Deferred Compensation Plan, not a Rule 10b5-1 trading plan.

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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*
Carano Mark A
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026		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
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
stock units(1)08/20/2026A8.59 (1) (1)common stock8.59$103.263,177.44D
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. Carano elected to receive his 2025-2026 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 20, 2026, Mr. Carano was credited with 8.59 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Carano 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 Mark A. Carano08/24/2026
** 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