Franklin Electric (FELE) director granted 2,501 deferred stock units for 2026 board fees

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Villavarayan Chris reported acquisition or exercise transactions in this Form 4 filing.

Franklin Electric Co. Inc. director Chris Villavarayan received a grant of 2,501.51 stock units as part of 2026 board compensation. The units were valued at $99.34 per unit and are credited under the company’s Nonemployee Directors' Deferred Compensation Plan.

The award reflects his election to receive the 2026 board retainer, stock award, and committee fees in deferred stock units rather than cash. After this grant, Villavarayan holds a total of 5,347.25 stock units, which may be settled in Franklin Electric common stock or cash at distribution under the plan’s terms.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Villavarayan Chris

Role null

Type	Security	Shares	Price	Value
Grant/Award	stock units	2,501.51	$99.34	$249K

Holdings After Transaction: stock units — 5,347.25 shares (Direct, null)

Footnotes (1)

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Key Figures

Stock units granted: 2,501.51 stock units Price per stock unit: $99.34 per unit Units after transaction: 5,347.25 stock units +3 more

6 metrics

Stock units granted 2,501.51 stock units Director 2026 board compensation grant

Price per stock unit $99.34 per unit Reported grant valuation

Units after transaction 5,347.25 stock units Total stock units held following grant

Annual retainer units 855.65 stock units 2026 board annual retainer

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

Committee fees units 186.23 stock units 2026 committee chair/member fees

Key Terms

Nonemployee Directors' Deferred Compensation Plan, stock units, deferred compensation, annual stock award

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 8, 2026, Mr. Villavarayan was credited with 855.65 Stock Units..."

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 stock award financial

"1,459.63 Stock Units for the annual stock award..."

Form 4 Insider Transactions: What Each Field Means →

05/12/2026 - 02:54 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^*

Villavarayan Chris

(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		2,501.51		⁽¹⁾	⁽¹⁾	common stock	2,501.51	$99.34	5,347.25	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 2026 Board of Directors retainer, stock award, 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, Mr. Villavarayan was credited with 855.65 Stock Units for the annual retainer, 1,459.63 Stock Units for the annual stock award, and 186.23 Stock Units for committee chair/member fees. At distribution, Mr. Villavarayan 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 Chris Villavarayan	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 Chris Villavarayan report on this Form 4?

Director Chris Villavarayan reported receiving 2,501.51 stock units as a compensation grant. These units represent his 2026 board retainer, stock award, and committee fees, elected in stock units instead of cash under the company’s deferred compensation plan.

How many stock units did Chris Villavarayan receive for 2026 Franklin Electric (FELE) board service?

He was credited with 2,501.51 stock units on May 8, 2026. This includes 855.65 units for the annual retainer, 1,459.63 for the annual stock award, and 186.23 for committee chair or member fees under the deferred compensation plan.

What is the value per unit of Chris Villavarayan’s Franklin Electric (FELE) stock unit grant?

The reported price per stock unit is $99.34. This price is used for reporting the grant value of the 2,501.51 stock units awarded as part of his 2026 director compensation under the Nonemployee Directors' Deferred Compensation Plan.

How many Franklin Electric (FELE) stock units does Chris Villavarayan hold after this transaction?

After this grant, Villavarayan holds 5,347.25 stock units. This total reflects the newly credited 2,501.51 units added to his prior deferred stock unit balance, all held directly under the company’s deferred compensation program for nonemployee directors.

Can Chris Villavarayan receive Franklin Electric (FELE) deferred stock units in cash instead of shares?

Yes. Under the Nonemployee Directors' Deferred Compensation Plan, at distribution Villavarayan may elect to receive his deferred compensation in Franklin Electric common stock or in cash, according to the specific terms and options provided in the plan.

What plan governs Chris Villavarayan’s Franklin Electric (FELE) deferred stock units?

His stock units are governed by the Nonemployee Directors' Deferred Compensation Plan. This plan was originally approved on February 11, 2000 and amended and restated on May 6, 2020, allowing directors to defer fees into Franklin Electric stock units.