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Franklin Electric (FELE) CFO gets 6,440-share award, with 2,827 shares for taxes

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Franklin Electric Vice President and CFO Jennifer Ann Wolfenbarger reported compensation-related stock activity involving the company’s common stock. On July 7, 2026, she received a grant or award of 6,440 shares of common stock at a reported value of $102.77 per share.

On the same date, 2,827 shares were disposed of as a tax-withholding transaction, where shares are delivered to cover tax liabilities rather than sold in the open market. After these transactions, she directly held 16,355 shares of common stock.

Her direct holdings include 4,646 restricted shares that vest in three equal installments beginning on February 19, 2026, 5,269 restricted shares that vest on July 7, 2027, and 3,613 shares owned outright. These transactions reflect equity-based compensation and related tax settlement rather than open-market buying or selling.

Positive

  • None.

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Insider WOLFENBARGER JENNIFER ANN
Role VICE PRESIDENT AND CFO
Type Security Shares Price Value
Grant/Award common stock 6,440 $102.77 $662K
Tax Withholding common stock 2,827 $102.77 $291K
Holdings After Transaction: common stock — 16,355 shares (Direct, null)
Footnotes (1)
  1. Vest of restricted stock awards. Includes 4,646 restricted shares that vest in equal installments of 1/3 each year, beginning on the first anniversary of 2/19/2026, 5,269 restricted shares that vest on 7/7/2027, and 3,613 shares owned outright.
Tax-withholding shares 2,827 shares Shares delivered for tax withholding at $102.77 on July 7, 2026
Grant/award shares 6,440 shares Common stock grant at $102.77 on July 7, 2026
Price per share $102.77 per share Value used for both grant and tax-withholding entries
Shares held after transactions 16,355 shares Direct common stock holdings following July 7, 2026 activity
Restricted shares vesting in thirds 4,646 shares Vest in three equal installments beginning February 19, 2026
Restricted shares vesting 2027 5,269 shares Restricted shares vesting on July 7, 2027
Outright owned shares 3,613 shares Shares owned outright by the CFO within direct holdings
restricted stock awards financial
"Vest of restricted stock awards."
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted shares financial
"Includes 4,646 restricted shares that vest in equal installments..."
Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.
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FAQ

What insider transactions did FELE CFO Jennifer Wolfenbarger report?

Jennifer Wolfenbarger reported a grant of 6,440 Franklin Electric common shares and a tax-withholding disposition of 2,827 shares at $102.77 per share. These moves reflect equity compensation vesting and related tax settlement, not open-market buying or selling activity.

Did the FELE CFO buy or sell shares on the open market in this Form 4?

The filing shows no open-market purchases or sales by the FELE CFO. It reports a grant of 6,440 common shares and a 2,827-share tax-withholding disposition, where shares cover tax obligations rather than being traded with public market counterparties.

How many Franklin Electric shares does the CFO hold after these transactions?

After the reported transactions, the CFO directly holds 16,355 Franklin Electric common shares. This total includes restricted stock awards scheduled to vest over time and 3,613 shares already owned outright, as described in the Form 4 footnotes and transaction tables.

What restricted stock awards are included in the FELE CFO’s holdings?

Her holdings include 4,646 restricted shares vesting in three equal installments starting February 19, 2026, plus 5,269 restricted shares vesting on July 7, 2027. She also owns 3,613 shares outright, giving a blend of time-based vesting and already fully owned stock.

What does a tax-withholding disposition mean in the FELE Form 4?

A tax-withholding disposition means shares are surrendered to cover tax liabilities on vested equity awards. In this FELE filing, 2,827 shares were delivered at $102.77 per share for tax purposes, which differs from an open-market sale to third-party buyers on an exchange.
SEC Form 4
FORM 4UNITED 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*
WOLFENBARGER JENNIFER ANN

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
VICE PRESIDENT AND CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/07/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
common stock07/07/2026A6,440(1)A$102.7716,355D
common stock07/07/2026F2,827D$102.7713,528(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Vest of restricted stock awards.
2. Includes 4,646 restricted shares that vest in equal installments of 1/3 each year, beginning on the first anniversary of 2/19/2026, 5,269 restricted shares that vest on 7/7/2027, and 3,613 shares owned outright.
Remarks:
JENNIFER A. WOLFENBARGER07/09/2026
** Signature of Reporting PersonDate
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)