Franklin Electric director granted 2,501 stock units
Villavarayan Chris reported acquisition or exercise transactions in this Form 4 filing.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,501.51 shares
Grant/Award
1 txn
Insider
Villavarayan Chris
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | stock units | 2,501.51 | $99.34 | $249K |
Holdings After Transaction:
stock units — 5,347.25 contracts (Direct)
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 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.
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..."
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.
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