Franklin Electric (FELE) director adds 4.94 deferred stock units as dividend credit

Rhea-AI Filing Summary

Carano Mark A reported acquisition or exercise transactions in this Form 4 filing.

FRANKLIN ELECTRIC CO INC director Mark A. Carano reported a small compensation-related award of stock units. On May 21, 2026, he was credited with 4.94 stock units tied to deferred Franklin Electric common stock, reflecting dividends that would have been paid on his deferred 2025 stock award.

Under the Nonemployee Directors' Deferred Compensation Plan, these stock units represent deferred compensation. The shares or cash will only be distributed when he retires, leaves the board, or elects payment under the plan’s terms, so this is not an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Carano Mark A

Role null

Type	Security	Shares	Price	Value
Grant/Award	stock units	4.94	$96.68	$477.60

Holdings After Transaction: stock units — 3,168.85 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock units granted: 4.94 stock units Price per stock unit: $96.68 per unit Total stock units after grant: 3,168.85 stock units +2 more

5 metrics

Stock units granted 4.94 stock units Credited on May 21, 2026 as dividend-equivalent units

Price per stock unit $96.68 per unit Grant price used for 4.94 stock units

Total stock units after grant 3,168.85 stock units Deferred stock units held after May 21, 2026 transaction

Conversion or exercise price $0.00 Stock units under deferred compensation plan

Underlying common shares 4.94 shares Underlying Franklin Electric common stock for granted stock units

Key Terms

Nonemployee Directors' Deferred Compensation Plan, stock units, deferred compensation, underlying security

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, Mr. Carano was credited with 4.94 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

"At distribution, Mr. Carano may elect ... to receive his 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.

underlying security financial

"underlying_security_title: "common stock", underlying_security_shares: "4.9400""

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^*

Carano Mark A

(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		4.94		(1)	(1)	common stock	4.94	$96.68	3,168.85	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 May 21, 2026, Mr. Carano was credited with 4.94 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	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 did Franklin Electric (FELE) director Mark A. Carano report on this Form 4?

Mark A. Carano reported receiving 4.94 stock units as a compensation-related award. These units were credited under Franklin Electric’s Nonemployee Directors' Deferred Compensation Plan, reflecting dividends on previously deferred 2025 stock awards rather than an open-market transaction.

Is Mark A. Carano buying or selling Franklin Electric (FELE) shares in this filing?

He is not buying or selling shares on the open market in this filing. Instead, he acquired 4.94 stock units as a grant under a deferred compensation plan, based on dividends that would have been paid on his previously deferred stock awards.

How many Franklin Electric (FELE) stock units does Mark A. Carano hold after this transaction?

After this transaction, Mark A. Carano holds a total of 3,168.85 stock units. These units are part of his deferred compensation, linked to Franklin Electric common stock and payable at a future distribution event under the plan’s terms.

What is the nature of the 4.94 stock units reported by Mark A. Carano at Franklin Electric (FELE)?

The 4.94 stock units are dividend-equivalent credits under the Nonemployee Directors' Deferred Compensation Plan. They represent dividends that would have been paid on Carano’s deferred 2025 stock award, accumulating additional deferred compensation rather than immediate share ownership changes.

When will Mark A. Carano receive his deferred Franklin Electric (FELE) compensation from these stock units?

He will receive the value of these stock units at a future distribution date under the plan. The plan allows payment when he retires, otherwise leaves the board, or elects distribution, either in Franklin Electric common shares or in cash.