Franklin Electric Form 4: Director Receives 7.81 Deferred Stock Units

Rhea-AI Filing Summary

Franklin Electric Co., Inc. director Chris Villavarayan was credited with 7.81 stock units on 08/21/2025 under the company's Nonemployee Directors' Deferred Compensation Plan. The filing shows the units were credited as dividend equivalents on deferred shares and are recorded at a price of $95.76 per unit, resulting in a beneficial ownership total of 2,829.12 stock units after the credit. The plan allows deferred compensation to be distributed either in Franklin common stock or cash when the director retires or leaves the board, and the filing was submitted by one reporting person with a power of attorney signature dated 08/22/2025.

Positive

• Director status disclosed: Chris Villavarayan is reported as a director of Franklin Electric Co., Inc.
• Deferred-compensation credit recorded: 7.81 stock units were credited on 08/21/2025 as dividend equivalents under the Nonemployee Directors' Deferred Compensation Plan.
• Beneficial ownership after credit: Filing reports 2,829.12 stock units beneficially owned following the transaction.
• Plan distribution flexibility: At distribution, the director may elect to receive deferred compensation in shares of common stock or cash as specified by the plan.
• Compliance steps taken: Form 4 filed by one reporting person and signed via power of attorney on 08/22/2025.

Negative

• None.

Insights

Corporate Governance Expert

Routine director deferred-compensation credit; administrative, not a trading decision.

The Form 4 documents a standard credit of 7.81 stock units to a director under an established Nonemployee Directors' Deferred Compensation Plan. This represents dividend equivalents credited on deferred shares rather than an open-market purchase or sale. The filing confirms the director's status and the treatment of deferred compensation, including the election at distribution to receive stock or cash. There are no indications of discretionary transfers, option exercises, or sales that would materially affect share count beyond plan-administered credits.

Securities Compliance Analyst

Non-material, procedural Section 16 disclosure consistent with plan rules.

The report shows compliance with Section 16 reporting for a director receiving deferred-compensation stock units and cites the plan effective and amendment dates. The transaction code indicates an award/credit (dividend equivalent) and the Form 4 was timely executed via power of attorney. No derivative transactions, exercises, or disposals are disclosed. The filing appears to be a routine disclosure rather than a material insider trading event.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Villavarayan Chris

Role Director

Type	Security	Shares	Price	Value
Grant/Award	stock units	7.81	$95.76	$747.89

Holdings After Transaction: stock units — 2,829.12 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. Villavarayan elected to receive his 2025 stock award, meeting fees, and retainer 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. Villavarayan was credited with 7.81 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Villavarayan 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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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 08/22/2025 - 12:50 PM Learn about SEC filing dates

FAQ

What transaction did FELE director Chris Villavarayan report on Form 4?

The Form 4 reports that on 08/21/2025 Mr. Villavarayan was credited with 7.81 stock units as dividend equivalents under the Nonemployee Directors' Deferred Compensation Plan.

How many shares or units does Chris Villavarayan beneficially own after this filing (FELE)?

The filing shows a total beneficial ownership of 2,829.12 stock units following the reported credit.

Under what plan were the stock units credited to the director?

The credit was made pursuant to the Nonemployee Directors' Deferred Compensation Plan approved February 11, 2000 and amended May 6, 2020.

Can the director receive cash instead of stock at distribution under the plan?

Yes. The filing states that at distribution, the director may elect to receive deferred compensation in shares of common stock or in cash per the plan terms.

When was the Form 4 signed and filed?

The Form 4 shows a power of attorney signature dated 08/22/2025 and reports the transaction date as 08/21/2025.

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^*

Villavarayan Chris

(Last) (First) (Middle)

PO BOX 615

(Street)

LAKE ORION MI 48361

(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		7.81		(1)	(1)	common stock	7.81	$95.76	2,829.12	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. Villavarayan elected to receive his 2025 stock award, meeting fees, and retainer 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. Villavarayan was credited with 7.81 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Villavarayan 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 Chris Villavarayan	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.