[Form 4] FRANKLIN ELECTRIC CO INC Insider Trading Activity
Rhea-AI Filing Summary
Franklin Electric Co., Inc. (FELE)Thomas R. VerHage under a deferred compensation arrangement. On November 20, 2025, he was credited with 175.62 stock units, reflecting dividends that would have been paid on previously deferred Franklin Electric common stock awards and fees. These stock units are issued under the company’s Nonemployee Directors' Deferred Compensation Plan, which allows Mr. VerHage to defer stock awards, meeting fees, retainers, and lead independent director fees.
Following this transaction, Mr. VerHage beneficially owns 60,535.36 derivative securities in the form of stock units on a direct basis. Under the plan, when his deferred compensation is distributed after he retires, leaves the board, or at another time allowed by the plan, he may choose to receive payment in either Franklin Electric common stock or cash.
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FAQ
What insider transaction did Franklin Electric (FELE) report for Thomas R. VerHage?
The company reported that director Thomas R. VerHage was credited with 175.62 stock units on November 20, 2025 under Franklin Electric’s Nonemployee Directors' Deferred Compensation Plan.
What are the 175.62 stock units reported for FELE’s director?
The 175.62 stock units represent dividend equivalents that would have been paid on Mr. VerHage’s deferred Franklin Electric common stock awards and fees, accumulated under the deferred compensation plan.
How many derivative securities does the FELE director own after this transaction?
After the reported transaction, Mr. VerHage beneficially owns 60,535.36 derivative securities in the form of stock units, held on a direct basis.
What is the deferred compensation plan mentioned in the Franklin Electric (FELE) Form 4?
The plan is the Nonemployee Directors' Deferred Compensation Plan, approved on February 11, 2000 and amended and restated on May 6, 2020, allowing directors to receive stock awards, fees, and retainers as deferred stock units.
When will the FELE director receive the value of his deferred stock units?
Under the plan, Mr. VerHage’s deferred stock units are distributed when he retires, otherwise leaves the Board of Directors, or at another time permitted by the plan’s terms.
Will the Franklin Electric (FELE) director receive stock or cash from these deferred units?
At distribution, Mr. VerHage may elect, pursuant to the plan, to receive his deferred compensation either in shares of Franklin Electric common stock or in cash.
What was the reference price per stock unit in the FELE Form 4?
The Form 4 shows a price of $91.08 associated with the 175.62 stock units credited on November 20, 2025.