Franklin Electric (FELE) director credited dividend-based stock units under deferred plan

Rhea-AI Filing Summary

Franklin Electric Co., Inc. director Jennifer L. Sherman reported an acquisition of 138.99 stock units on May 21, 2026. These units were credited as dividend equivalents on previously deferred stock-based compensation under the company’s Nonemployee Directors' Deferred Compensation Plan.

Following this routine grant, Ms. Sherman directly holds a total of 51,622.93 stock units tied to Franklin Electric common stock, which may ultimately be settled in shares or cash according to her elections under the plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SHERMAN JENNIFER L

Role null

Type	Security	Shares	Price	Value
Grant/Award	stock units	138.99	$96.68	$13K

Holdings After Transaction: stock units — 51,622.93 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock units granted: 138.99 units Implied unit value: $96.68 per unit Total stock units after grant: 51,622.93 units +1 more

4 metrics

Stock units granted 138.99 units Dividend-equivalent stock units credited on May 21, 2026

Implied unit value $96.68 per unit Transaction price per stock unit in the Form 4

Total stock units after grant 51,622.93 units Direct holdings following the May 21, 2026 transaction

Conversion price $0.00 Conversion or exercise price for the reported stock units

Key Terms

Nonemployee Directors' Deferred Compensation Plan, stock units, deferred compensation, dividends

4 terms

Nonemployee Directors' Deferred Compensation Plan financial

"Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board of Directors..."

stock units financial

"On May 21, 2026, Ms. Sherman was credited with 138.99 Stock Units for dividends..."

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

deferred compensation financial

"elected to receive her 2014-2022 stock award, meeting fees, and retainer... issuance of such shares deferred..."

Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.

dividends financial

"Ms. Sherman was credited with 138.99 Stock Units for dividends that would have been paid..."

Dividends are cash payments a company gives to its shareholders from profits or cash reserves, effectively sharing part of its earnings with owners. They matter to investors because they provide a steady income stream, act like an interest or rent payment on owning the stock, and signal management’s confidence in the business—factors that influence total return and share price. Regular or special dividends can change an investor’s income and reinvestment strategy.

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^*

SHERMAN JENNIFER L

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			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)	05/21/2026		A		138.99		(1)	(1)	common stock	138.99	$96.68	51,622.93	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 May 21, 2026, Ms. Sherman was credited with 138.99 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	05/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Franklin Electric (FELE) report for Jennifer L. Sherman?

Franklin Electric reported that director Jennifer L. Sherman acquired 138.99 stock units. These units were credited as dividend equivalents on previously deferred stock awards and fees under the Nonemployee Directors' Deferred Compensation Plan, rather than through an open-market stock purchase.

Is Jennifer L. Sherman’s Form 4 transaction in FELE stock a market purchase?

No, the Form 4 shows a grant of 138.99 stock units, not a market purchase. The units were credited for dividends on deferred compensation, reflecting routine director compensation mechanics rather than an active decision to buy Franklin Electric shares in the open market.

How many Franklin Electric stock units does Jennifer L. Sherman hold after this transaction?

After the May 21, 2026 credit, Jennifer L. Sherman holds 51,622.93 stock units. These units relate to deferred stock awards, meeting fees, retainers, and director fees that may later be settled in Franklin Electric common stock or cash under the plan’s terms.

What is the nature of the 138.99 FELE stock units credited to Jennifer L. Sherman?

The 138.99 stock units represent dividends that would have been paid on Ms. Sherman’s deferred shares. Under the Nonemployee Directors' Deferred Compensation Plan, such dividend equivalents are credited as stock units, with settlement in stock or cash at distribution per her election.

How does Franklin Electric’s Nonemployee Directors' Deferred Compensation Plan affect this Form 4?

The plan allows Ms. Sherman to defer stock awards, fees, and retainers in stock units, with share issuance delayed until retirement or other separation. The Form 4 transaction reflects dividend-equivalent stock units credited under this plan, not an immediate transfer of common shares.