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Franklin Electric (FELE) Form 4 — Director Dividend-Equivalent Credit

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

Rhea-AI Filing Summary

Mark A. Carano, a director of Franklin Electric Co., Inc. (FELE), was credited with 4.68 stock units on 08/21/2025 under the Nonemployee Directors' Deferred Compensation Plan because of dividends that would have been paid on deferred shares. The plan defers issuance of shares until the director retires, leaves the board, or elects payment; at distribution Mr. Carano may choose common stock or cash. Following the credited units, the filing reports 1,694.33 shares beneficially owned directly. The Form 4 was signed by Jonathan M. Grandon as power of attorney on 08/22/2025.

Positive

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Negative

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Insights

TL;DR: Small director dividend-equivalent credit; not a material trade or change to shareholdings.

This Form 4 documents a non-cash credit of 4.68 stock units representing dividend equivalents under the company's deferred compensation plan. The transaction is an administrative attribution of dividend-equivalent units rather than an open-market purchase or sale. Reported direct beneficial ownership after the credit is 1,694.33 shares. For investors, this filing signals board compensation mechanics but does not reflect active trading or a meaningful change in ownership scale.

TL;DR: Routine director deferred-compensation entry; consistent with standard equity-based board pay practices.

The disclosure indicates the company uses a Nonemployee Directors' Deferred Compensation Plan that credits dividend equivalents as stock units and allows deferred payout in cash or stock. The filing clarifies timing and payout options and was submitted under power of attorney. This is a routine compliance filing documenting plan mechanics and an incremental increase in director-aligned equity exposure.

Insider Carano Mark A
Role Director
Type Security Shares Price Value
Grant/Award stock units 4.68 $95.76 $448.16
Holdings After Transaction: stock units — 1,694.33 shares (Direct)
Footnotes (1)
  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, Mr. Carano elected to receive his 2025 stock award in 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. Carano was credited with 4.68 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Carano may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.

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FAQ

What did Mark A. Carano report on Form 4 for FELE?
He was credited with 4.68 stock units as dividend equivalents under the Nonemployee Directors' Deferred Compensation Plan on 08/21/2025.

How many shares does Mark A. Carano beneficially own after the transaction (FELE)?
The Form 4 reports 1,694.33 shares beneficially owned following the reported transaction.

When will the deferred shares be issued to Mr. Carano under the plan?
Issuance is deferred until he retires, otherwise leaves the Board, or elects to receive payment, per the plan terms.

Can Mr. Carano receive the deferred compensation in cash instead of stock?
Yes. At distribution he may elect to receive his deferred compensation either in Franklin common stock or in cash as stated in the filing.

Who signed the Form 4 for Mark A. Carano and when?
The Form 4 was signed by Jonathan M. Grandon as power of attorney for Mark A. Carano on 08/22/2025.
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*
Carano Mark A
(Last) (First) (Middle)
C/O SPX TECHNOLOGIES INC.
6325 ARDREY KELL ROAD, SUITE 400
(Street)
CHARLOTTE NC 28277
(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 4.68 (1) (1) common stock 4.68 $95.76 1,694.33 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. Carano elected to receive his 2025 stock award in 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. Carano was credited with 4.68 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Carano 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 Mark A. Carano 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.

Source: View Original Filing on SEC EDGAR