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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | stock units | 166.57 | $95.76 | $16K |
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, 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.
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