FELE director Sherman now holds 47,849.43 Franklin Electric stock units
Rhea-AI Filing Summary
Franklin Electric Co., Inc. (FELE) reported an insider equity transaction by director Jennifer L. Sherman on a Form 4. On November 20, 2025, Ms. Sherman was credited with 138.82 stock units under the company’s Nonemployee Directors' Deferred Compensation Plan, representing dividends that would have been paid on previously deferred stock-based compensation. These stock units track the value of Franklin Electric common stock and are payable after she retires, leaves the Board, or otherwise elects distribution under the plan, in either Franklin Electric common shares or cash. Following this transaction, Ms. Sherman beneficially owned 47,849.43 stock units, held as a direct derivative interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | stock units | 138.82 | $91.08 | $13K |
Footnotes (1)
- F1. 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 November 20, 2025, Ms. Sherman was credited with 138.82 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.
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FAQ
What insider transaction did Franklin Electric (FELE) report for Jennifer L. Sherman?
The company reported that director Jennifer L. Sherman was credited with 138.82 stock units on November 20, 2025 under a deferred compensation plan tied to Franklin Electric common stock.
What plan governs the stock units reported for the Franklin Electric (FELE) director?
The stock units are issued under the Nonemployee Directors' Deferred Compensation Plan, originally approved on February 11, 2000 and amended and restated on May 6, 2020.
How many Franklin Electric (FELE) stock units does Jennifer L. Sherman beneficially own after this Form 4?
After the reported transaction, Jennifer L. Sherman beneficially owned 47,849.43 stock units as a direct derivative position tied to Franklin Electric common stock.
What was the nature of the 138.82 stock units credited to the Franklin Electric (FELE) director?
The 138.82 stock units credited on November 20, 2025 represent dividends that would have been paid on Ms. Sherman’s previously deferred Franklin Electric shares under the plan.
When will the Franklin Electric (FELE) director receive the deferred stock units reported?
Distribution of Ms. Sherman’s deferred compensation occurs when she retires, otherwise leaves the Board, or elects payment per the plan, in Franklin Electric common stock or cash.
What compensation did Jennifer L. Sherman defer under Franklin Electric’s plan?
Ms. Sherman elected to defer her 2014-2025 stock awards, meeting fees, retainers, lead independent director fees, and chairperson fees into Franklin Electric common stock equivalents (stock units).