Franklin Electric (FELE) director credited 4.81 deferred stock units

Rhea-AI Filing Summary

SENGSTACK GREGG C reported acquisition or exercise transactions in this Form 4 filing.

FRANKLIN ELECTRIC CO INC director Gregg C. Sengstack reported a small compensation-related award of stock units. On May 21, 2026, he was credited with 4.81 stock units tied to Franklin Electric common stock as dividend equivalents under the Nonemployee Directors' Deferred Compensation Plan. Following this grant, he holds 1,665.30 stock units directly. These units relate to a deferred 2025 stock award, with issuance of shares or cash delayed until he retires or otherwise leaves the Board, in accordance with the plan's terms.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SENGSTACK GREGG C

Role null

Type	Security	Shares	Price	Value
Grant/Award	stock units	4.81	$96.68	$465.03

Holdings After Transaction: stock units — 1,665.3 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock units granted: 4.81 stock units Reference price per unit: $96.68 per unit Total stock units after transaction: 1,665.30 stock units +1 more

4 metrics

Stock units granted 4.81 stock units Grant on May 21, 2026 as dividend equivalents

Reference price per unit $96.68 per unit Price associated with 4.81 stock units

Total stock units after transaction 1,665.30 stock units Direct holdings following the award

Transaction code A (grant/award acquisition) Form 4 transaction classification

Key Terms

Nonemployee Directors' Deferred Compensation Plan, stock units, deferred compensation, dividends that would have been paid

4 terms

Nonemployee Directors' Deferred Compensation Plan financial

"Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board of Directors..."

stock units financial

"Mr. Sengstack was credited with 4.81 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

"receive his deferred compensation either in shares of Franklin common stock or in cash"

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.

dividends that would have been paid financial

"4.81 Stock Units for dividends that would have been paid on such deferred shares"

Form 4 Insider Transactions: What Each Field Means →

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)

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			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)	05/21/2026		A		4.81		(1)	(1)	common stock	4.81	$96.68	1,665.3	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 May 21, 2026, Mr. Sengstack was credited with 4.81 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	05/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did FELE director Gregg C. Sengstack report?

Gregg C. Sengstack reported receiving 4.81 stock units as a compensation-related award. These units represent dividend equivalents on a deferred 2025 stock award under Franklin Electric’s Nonemployee Directors' Deferred Compensation Plan, rather than an open-market purchase or sale of shares.

How many stock units does Gregg C. Sengstack hold after this FELE Form 4?

After this transaction, Gregg C. Sengstack holds 1,665.30 stock units directly. These units are linked to deferred compensation awards under Franklin Electric’s Nonemployee Directors' Deferred Compensation Plan, with actual share or cash distribution occurring when he leaves the Board or as plan terms allow.

What is the nature of the 4.81 FELE stock units credited to Sengstack?

The 4.81 stock units are dividend equivalents on previously deferred shares from a 2025 stock award. Under the Nonemployee Directors' Deferred Compensation Plan, units track dividends that would have been paid on deferred stock until eventual distribution in Franklin common stock or cash.

Was the FELE Form 4 transaction an open-market buy or sell?

No, the transaction was not an open-market buy or sell. It is coded as an “A” transaction, a grant or award acquisition of 4.81 stock units as part of deferred director compensation rather than a discretionary market trade in Franklin Electric common stock.

When will Gregg C. Sengstack receive FELE shares or cash for these stock units?

Distribution occurs under the plan when he retires, otherwise leaves the Board, or elects payment per plan terms. At that time, he may choose to receive his deferred compensation, including these stock units, either in Franklin Electric common stock or in cash.