Franklin Electric (FELE) Director Receives 13.67 Deferred Stock Units

Rhea-AI Filing Summary

Victor Grizzle, a director of Franklin Electric Co., Inc. (FELE), was credited with 13.67 Stock Units on 08/21/2025 under the company's Nonemployee Directors' Deferred Compensation Plan. The filing shows these units represent dividends that would have been paid on deferred shares for Mr. Grizzle's 2023-2024 stock award, meeting fees and retainer. At distribution, the plan allows Mr. Grizzle to elect payment in Franklin Electric common stock or cash. The Form 4 was executed by Jonathan M. Grandon as power of attorney and dated 08/22/2025.

Positive

• 13.67 Stock Units credited for dividend equivalents on 08/21/2025 as disclosed in the Form 4
• Transaction made under the Nonemployee Directors' Deferred Compensation Plan, which permits election of payment in stock or cash at distribution

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine crediting of 13.67 dividend stock units to a nonemployee director under the firm's deferred compensation plan; immaterial to financials.

The transaction is a non‑derivative credit of 13.67 Stock Units on 08/21/2025, described as dividend equivalents under the Nonemployee Directors' Deferred Compensation Plan. This entry reflects bookkeeping of deferred compensation rather than a cash or equity issuance to the public markets. The filing does not report a purchase or sale of common stock on the open market, nor does it change outstanding share counts or company cash flows at the reporting date. No additional financial metrics, valuations, or material transactions are disclosed in the Form 4 beyond the credited units and the plan's distribution election options.

Corporate Governance Expert

TL;DR: Disclosure documents a routine director compensation deferral; procedural and plan-based, with no sign of unusual governance action.

The Form 4 indicates Mr. Grizzle elected to defer his 2023-2024 stock award, meeting fees and retainer under the board‑approved Nonemployee Directors' Deferred Compensation Plan. On 08/21/2025 he was credited with 13.67 Stock Units representing dividend equivalents. The report is executed under power of attorney on 08/22/2025. The filing provides plan mechanics (deferred issuance and distribution election of stock or cash) but contains no exceptions, accelerations, or departures from standard plan terms as disclosed in this document.

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^*

Grizzle Victor

(Last) (First) (Middle)

3000 RUBY CREST DRIVE

(Street)

MALVERN PA 19355

(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		13.67		(1)	(1)	common stock	13.67	$95.76	4,954.29	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. Grizzle elected to receive his 2023-2024 stock award, meeting fees and retainer of 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 21, 2025, Mr. Grizzle was credited with 13.67 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Grizzle 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 Victor Grizzle	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

What did Victor Grizzle report on the FELE Form 4?

He was credited with 13.67 Stock Units on 08/21/2025 under the Nonemployee Directors' Deferred Compensation Plan.

Do the 13.67 Stock Units represent a stock purchase or open‑market sale?

No. The filing describes these as credited stock units (dividend equivalents) under a deferred compensation plan, not a market purchase or sale.

How may Mr. Grizzle receive the deferred compensation?

At distribution he may elect to receive the deferred compensation either in shares of Franklin Electric common stock or in cash, per the plan terms.

What are the relevant dates in the filing?

Transaction date: 08/21/2025 (credited with stock units); Signature/POA date: 08/22/2025.

Was the Form 4 filed jointly with other reporting persons?

No. The form indicates it was filed by one reporting person.