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Franklin Electric (FELE) director receives 2,486.97 shares for 2024 fees

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Franklin Electric director Victor Grizzle reported settling deferred board compensation into company stock. On December 15, 2025, he converted 2,486.97 stock units into the same number of shares of Franklin Electric common stock at a reported price of $97.76 per share under the Nonemployee Directors' Deferred Compensation Plan.

After a small fractional 0.97 share was paid out in cash, Grizzle now holds 14,570 Franklin Electric common shares directly. Following the transaction, he holds no remaining stock units from this plan for his 2024 Board retainer, member fees, stock award and related dividends.

Positive

  • None.

Negative

  • None.
Insider Grizzle Victor
Role Director
Type Security Shares Price Value
Exercise stock units 2,486.97 $0.00 --
Exercise common stock 2,486.97 $97.76 $243K
Other common stock 0.97 $97.76 $94.83
Holdings After Transaction: stock units — 0 shares (Direct); common stock — 14,570.97 shares (Direct)
Footnotes (1)
  1. Partial shares paid out in cash. Includes 14,570 shares owned outright. 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 has elected to receive his deferred compensation in shares of Franklin common stock. The deferred compensation was for his 2024 Board of Directors retainer, member fees and stock award in Franklin Electric Co., Inc. common stock and dividends received on such 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*
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)
12/15/2025
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
common stock 12/15/2025 M 2,486.97 A $97.76 14,570.97 D
common stock 12/15/2025 J 0.97 D(1) $97.76 14,570(2) D
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 (3) 12/15/2025 M 2,486.97 (3) (3) common stock 2,486.97 $0 0 D
Explanation of Responses:
1. Partial shares paid out in cash.
2. Includes 14,570 shares owned outright.
3. 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 has elected to receive his deferred compensation in shares of Franklin common stock. The deferred compensation was for his 2024 Board of Directors retainer, member fees and stock award in Franklin Electric Co., Inc. common stock and dividends received on such shares.
Remarks:
Jonathan M. Grandon, power of attorney for Victor Grizzle 12/16/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Franklin Electric (FELE) report for Victor Grizzle?

Franklin Electric director Victor Grizzle converted 2,486.97 stock units into the same number of Franklin Electric common shares on December 15, 2025, under the Nonemployee Directors' Deferred Compensation Plan.

How many Franklin Electric (FELE) shares does Victor Grizzle own after this transaction?

After the transaction and cash payment for a fractional share, Victor Grizzle beneficially owns 14,570 Franklin Electric common shares directly.

What happened to Victor Grizzles stock units in Franklin Electric (FELE)?

Grizzle exercised 2,486.97 stock units into common stock at an exercise price of $0 and now has 0 derivative securities remaining following the reported transaction.

Were any fractional Franklin Electric (FELE) shares paid in cash?

Yes. A fractional 0.97 share was paid out in cash, as noted in the explanation that partial shares were settled in cash.

What is the Nonemployee Directors' Deferred Compensation Plan mentioned for Franklin Electric (FELE)?

The Nonemployee Directors' Deferred Compensation Plan, approved on February 11, 2000 and amended and restated on May 6, 2020, allows Mr. Grizzle to receive his deferred compensation for his 2024 Board retainer, member fees, stock award and related dividends in Franklin Electric common stock.

Who signed the Franklin Electric (FELE) Form 4 for this transaction?

The Form 4 was signed by Jonathan M. Grandon as power of attorney for Victor Grizzle on December 16, 2025.