Franklin Electric (FELE) director adds 8.23 deferred stock units
Franklin Electric Co., Inc. (FELE) reported a routine insider compensation-related transaction for director Chris Villavarayan.
Rhea-AI Filing Summary
Franklin Electric Co., Inc. (FELE) reported a routine insider compensation-related transaction for director Chris Villavarayan. Under the Nonemployee Directors' Deferred Compensation Plan, he elected to receive his 2025 stock award, meeting fees, and retainer in Franklin Electric common stock, with issuance of these shares deferred until he retires, otherwise leaves the Board, or elects payment per the plan.
On November 20, 2025, Villavarayan was credited with 8.23 stock units representing dividends that would have been paid on his deferred shares, at a price of $91.08 per unit. Following this transaction, he beneficially owned 2,837.35 derivative securities (stock units) on a direct basis. At distribution, he may elect to receive his deferred compensation either in Franklin Electric common stock or in cash, as permitted by the plan.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | stock units | 8.23 | $91.08 | $749.59 |
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. 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 November 20, 2025, Mr. Villavarayan was credited with 8.23 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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