Franklin Electric (FELE) director converts deferred pay into 2,474 shares

Rhea-AI Filing Summary

Victor Grizzle, a director of Franklin Electric Co., Inc. (FELE), reported transactions under Section 16 on 10/03/2025 showing the receipt of 2,474.53 common shares and the disposition of 0.53 fractional share settled in cash, leaving him with 12,084.53 shares beneficially owned (reported as 12,084 shares owned outright plus fractional units). The shares were issued under the Nonemployee Directors' Deferred Compensation Plan for his 2023 director retainer, fees and stock award; dividend reinvestment on those deferred shares was also included. The transactions were reported by power of attorney on 10/06/2025 and show an implicit per-share price of $96.32 for reporting purposes.

Positive

• Director increased equity alignment by receiving 2,474.53 shares under the deferred compensation plan
• Fractional share handled in cash, avoiding fractional share administration

Negative

• None.

Insights

Corporate Governance Analyst

Director elected deferred pay into stock, modestly increasing share ownership.

The reporting shows a nonemployee director converting deferred compensation into 2,474.53 shares under the company's deferred compensation plan, reflecting routine governance practice to align directors with shareholder interests. The reported per-share figure is $96.32, consistent with the Form 4 presentation rather than an open-market trade price.

Dependence on plan terms and timing matters: this is a plan-driven issuance tied to 2023 retainer and awards rather than a discretionary market purchase. Investors may note the director's continued equity stake of about 12,084 outright shares as an alignment signal over the near term.

Equity Compensation Specialist

Deferred compensation payout was in shares per plan terms; fractional share paid in cash.

The Form 4 discloses the mechanics: stock units under the Nonemployee Directors' Deferred Compensation Plan converted into 2,474.53 common shares, with a 0.53 fractional portion paid out in cash. This is an administrative conversion rather than an exercise of options or open-market purchase.

Watch for the company's routine timing of director deferrals and any future elections under the plan around annual retainer cycles; these events are typically recurring each year and have near-term accounting and ownership reporting effects.

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^*

Grizzle Victor

(Last) (First) (Middle)

3000 RUBY CREST DRIVE

(Street)

MALVERN PA 19355

(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)
10/03/2025

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
common stock	10/03/2025		M		2,474.53	A	$96.32	12,084.53	D
common stock	10/03/2025		J		0.53	D(1)	$96.32	12,084(2)	D

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	(3)	10/03/2025		M			2,474.53	(3)	(3)	common stock	2,474.53	$0	2,479.76	D

Explanation of Responses:

1. Partial shares paid out in cash.

2. Includes 12,084 shares owned outright.

3. 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. Grizzle has elected to receive his deferred compensation in shares of Franklin common stock. The deferred compensation was for his 2023 Board of Directors retainer, member fees and stock award in Franklin Electric Co., Inc. common stock and dividends received on such shares.

Remarks:

	Jonathan M. Grandon, power of attorney for Victor Grizzle	10/06/2025
	** 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.

FAQ

What did Victor Grizzle report on Form 4 for FELE?

He reported receiving 2,474.53 common shares under the Nonemployee Directors' Deferred Compensation Plan and a cash payout for 0.53 fractional share, leaving 12,084.53 shares beneficially owned.

When were the reported transactions for FELE filed?

The transactions occurred on 10/03/2025 and the Form 4 was signed/reported on 10/06/2025.

Why were shares issued to the director?

Shares were issued pursuant to the company's Nonemployee Directors' Deferred Compensation Plan for his 2023 retainer, member fees and stock award, including dividends on deferred shares.

What price appears on the Form 4 for these shares?

The Form 4 lists $96.32 in the price field for reporting purposes.

Does the Form 4 show open-market purchases or option exercises?

No; the reported activity reflects plan distributions of deferred compensation into stock units, not open-market purchases or option exercises.