Franklin Electric (FELE) Director Receives 166.57 Deferred Stock Units

Rhea-AI Filing Summary

Thomas R. VerHage, a director of Franklin Electric Co., Inc. (FELE), was credited with 166.57 deferred stock units on August 21, 2025. The units represent dividend equivalents tied to prior director stock awards, meeting fees and retainers that Mr. VerHage elected to defer under the company's Nonemployee Directors' Deferred Compensation Plan.

The disclosure shows the stock-unit credit was recorded as an acquisition (A) of 166.57 stock units with an attributable value of $95.76 per unit, resulting in a reported beneficial ownership of 60,359.74 shares held directly. Under the Plan, at distribution the reporting person may elect to receive cash or shares.

Positive

• Director alignment with shareholders: Mr. VerHage elected deferred compensation in company stock units, aligning his compensation with company equity performance.
• Plan compliance: Transaction occurred under an established, Board-approved Nonemployee Directors' Deferred Compensation Plan with clear distribution options.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine director deferred-compensation credit; modest, non-cash equity accrual that aligns pay with shareholder returns.

This Form 4 records a non-cash credit of 166.57 stock units to Director Thomas VerHage under the Nonemployee Directors' Deferred Compensation Plan. The entry reflects dividend-equivalent accruals on previously deferred director awards and fees, not an open-market purchase or sale. The report lists an attributable per-unit value of $95.76 and shows total direct beneficial ownership of 60,359.74 shares. For investors, this is a standard administrative disclosure with no immediate cash flow or dilution event.

Corporate Governance Expert

TL;DR: Standard governance disclosure showing director elected deferred equity; indicates use of established compensation plan terms.

The filing documents an administration-level action under the Board-approved deferred compensation plan, crediting dividend-equivalent stock units to a long-serving director. The disclosure cites plan dates and distribution options, confirming compliance with plan mechanics. There is no indication of unusual timing, related-party transactions, or departures from plan terms in the filing text provided.

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^*

VERHAGE THOMAS R

(Last) (First) (Middle)

6513 CROWN COLONY PLACE #101

(Street)

NAPLES FL 34108

(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		166.57		(1)	(1)	common stock	166.57	$95.76	60,359.74	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. VerHage elected to receive his 2011-2020 and 2023-2024 stock award, meeting fees and retainer and his 2021-2022 stock award, meeting fees, retainer and lead independent director fees 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. VerHage was credited with 166.57 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. VerHage 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 Thomas R. VerHage	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.

FAQ

What did Thomas R. VerHage report on Form 4 for FELE?

He was credited with 166.57 stock units on August 21, 2025 as dividend equivalents under the Nonemployee Directors' Deferred Compensation Plan.

How many shares does the Form 4 show Thomas VerHage beneficially owns?

60,359.74 shares of Franklin Electric Co., Inc. common stock are reported as beneficially owned following the transaction.

What value per stock unit is shown in the filing?

$95.76 per unit is the price indicated for the credited stock units in the Form 4.

When was the transaction dated on the Form 4?

Transaction date: August 21, 2025; Form signed by power of attorney on August 22, 2025.

Under what plan were the stock units credited?

Nonemployee Directors' Deferred Compensation Plan, originally approved February 11, 2000 and amended May 6, 2020; distribution may be in cash or shares per plan terms.