Franklin Electric (FELE) director granted 3,493 deferred stock units

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

SHERMAN JENNIFER L reported acquisition or exercise transactions in this Form 4 filing.

Franklin Electric Co., Inc. director Jennifer L. Sherman received a grant of 3,493.05 stock units on May 8, 2026 as part of her 2026 Board compensation, elected under the Nonemployee Directors' Deferred Compensation Plan. Following this award, she holds a total of 51,483.94 stock units directly. The grant reflects payment of her annual retainer, stock award, chairperson fees, and committee fees in deferred stock-based form, deliverable later in shares of common stock or cash 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	3,493.05	$99.34	$347K

Holdings After Transaction: stock units — 51,483.94 shares (Direct, null)

Footnotes (1)

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Key Figures

Stock units granted: 3,493.05 stock units Implied grant value per unit: $99.34 per stock unit Total stock units after grant: 51,483.94 stock units +4 more

7 metrics

Stock units granted 3,493.05 stock units Board compensation grant on May 8, 2026

Implied grant value per unit $99.34 per stock unit Transaction price per stock unit

Total stock units after grant 51,483.94 stock units Direct holdings following transaction

Annual retainer portion 855.65 stock units 2026 Board annual retainer in stock units

Annual stock award portion 1,459.63 stock units 2026 Board annual stock award

Chairperson fee portion 1,056.97 stock units 2026 chairperson fees in stock units

Committee fees portion 120.80 stock units 2026 committee chair/member fees

Key Terms

Nonemployee Directors' Deferred Compensation Plan, stock units, deferred compensation, annual retainer, +1 more

5 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

"Ms. Sherman was credited with 855.65 Stock Units for the annual retainer..."

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

"issuance of such shares have been elected to be deferred... receive her deferred compensation either in shares..."

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.

annual retainer financial

"credited with 855.65 Stock Units for the annual retainer..."

committee chair/member fees financial

"and 120.80 Stock Units for committee chair/member fees."

Form 4 Insider Transactions: What Each Field Means →

05/12/2026 - 02:57 PM

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)
05/08/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
stock units	⁽¹⁾	05/08/2026		A		3,493.05		⁽¹⁾	⁽¹⁾	common stock	3,493.05	$99.34	51,483.94	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 2026 Board of Directors retainer, stock award, chairperson fee and committee member fees in Franklin Electric Co., Inc. common stock, issuance of such shares have been elected to be deferred. On May 8, 2026, Ms. Sherman was credited with 855.65 Stock Units for the annual retainer, 1,459.63 Stock Units for the annual stock award, 1,056.97 Stock Units for chairperson fees, and 120.80 Stock Units for committee chair/member fees. 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	05/12/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Franklin Electric (FELE) director Jennifer L. Sherman report on this Form 4?

Jennifer L. Sherman reported receiving 3,493.05 stock units as part of her 2026 Board compensation. These units are deferred under a director compensation plan and increase her total direct holdings to 51,483.94 stock units in Franklin Electric.

How many Franklin Electric (FELE) stock units were granted to Jennifer L. Sherman?

She was granted 3,493.05 stock units on May 8, 2026. The award represents her elected form of payment for 2026 Board retainer, stock award, chairperson fees, and committee chair/member fees under the deferred compensation plan.

What is Jennifer L. Sherman’s total Franklin Electric (FELE) stock unit holding after the grant?

After the May 8, 2026 grant, Jennifer L. Sherman directly holds 51,483.94 stock units. This total reflects the newly credited 3,493.05 units added to her prior deferred stock unit balance under the company’s director compensation program.

How were the 3,493.05 Franklin Electric (FELE) stock units for Jennifer L. Sherman allocated?

The 3,493.05 stock units comprise 855.65 for the annual retainer, 1,459.63 for the annual stock award, 1,056.97 for chairperson fees, and 120.80 for committee chair/member fees, all credited under the Nonemployee Directors’ Deferred Compensation Plan.

Can Jennifer L. Sherman receive Franklin Electric (FELE) deferred stock units in cash later?

Yes. Under the Nonemployee Directors’ Deferred Compensation Plan, she may elect at distribution to receive her deferred compensation either in Franklin Electric common stock or in cash, according to the plan’s terms and her elections.

Is Jennifer L. Sherman’s Form 4 transaction a market purchase of Franklin Electric (FELE) shares?

No. The Form 4 reflects a grant of 3,493.05 stock units as deferred Board compensation, not an open-market purchase. The units were credited pursuant to her election under Franklin Electric’s Nonemployee Directors’ Deferred Compensation Plan.