FELE Form 4: Director Jennifer Sherman Credited Dividend Stock Units

Rhea-AI Filing Summary

Jennifer L. Sherman, a director of Franklin Electric Co., was credited with 131.67 stock units under the company's Nonemployee Directors' Deferred Compensation Plan on 08/21/2025. The Form 4 reports these units represent dividends that would have been paid on deferred shares tied to Ms. Sherman’s prior director awards, meeting fees and retainers for multiple years, and may be distributed as common stock or cash per the Plan. The filing shows an ownership total of 47,710.61 (beneficially owned following the transaction) and records an indicated per-share price of $95.76 associated with the reported units. The transaction reflects a routine crediting of deferred compensation to a director account rather than an open-market purchase or sale.

Positive

• Deferred compensation credited as stock units, preserving director alignment with shareholder value
• Plan provides distribution choice (common stock or cash), offering flexibility to the reporting person

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director deferred-compensation credit; aligns director pay with shareholder exposure without indicating active trading.

The reported credit of 131.67 stock units to a long-standing Nonemployee Directors' Deferred Compensation Plan is a standard compensation event for a director, converting dividend equivalents on previously deferred awards into additional stock units. This action increases the director's beneficial stake to the level shown and preserves the Plan's election features, which allow distribution in either shares or cash. No immediate liquidity event or open-market purchase/sale is recorded, so governance implications are limited to continued alignment of director incentives with shareholders.

Compensation Analyst

TL;DR: The crediting of dividend-equivalent stock units is a routine mechanics-driven compensation adjustment, not a compensation-policy change.

The entry documents the mechanical crediting of 131.67 stock units representing dividend equivalents on deferred awards spanning 2014–2025, consistent with the terms disclosed for the company's deferred compensation plan. The filing notes flexibility at distribution (stock or cash), which preserves tax and liquidity choices for the director. Impact on overall compensation expense or dilution is not quantified in this Form 4 and would require company disclosures for materiality assessment.

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
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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^*

SHERMAN JENNIFER L

(Last) (First) (Middle)

1333 BUTTERFIELD ROAD

SUITE 500

(Street)

DOWNERS GROVE IL 60515

(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		131.67		(1)	(1)	common stock	131.67	$95.76	47,710.61	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, Ms. Sherman elected to receive her 2014-2022 stock award, meeting fees, and retainer, 2023-2024 stock award, meeting fees, retainer and lead independent director fees and 2025 stock award, meeting fees, retainer and chairperson fees of Franklin Electric Co., Inc common stock, issuance of such shares deferred until she 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, Ms. Sherman was credited with 131.67 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Ms. Sherman may elect pursuant to the terms of the Plan to receive her deferred compensation either in shares of Franklin common stock or in cash.

Remarks:

	Jonathan M. Grandon, power of attorney for Jennifer L Sherman	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

Who reported this Form 4 for Franklin Electric (FELE)?

The report was made by Jennifer L. Sherman, identified as a Director of Franklin Electric Co., Inc.

What transaction is reported on the Form 4 for FELE?

The Form 4 reports that 131.67 stock units were credited to Ms. Sherman on 08/21/2025, representing dividend equivalents on deferred shares.

What security and ownership level are shown on the Form 4?

The derivative/stock units relate to common stock, and the amount beneficially owned following the transaction is reported as 47,710.61.

Under what plan were the stock units credited?

The units were credited pursuant to the Nonemployee Directors' Deferred Compensation Plan (approved Feb 11, 2000; amended May 6, 2020), covering various years of awards, fees and director retainers.

Can Ms. Sherman receive cash instead of stock at distribution?

Yes. The filing states that at distribution Ms. Sherman may elect to receive her deferred compensation either in shares of common stock or in cash per the Plan terms.