January 2, 2024 · Form 4 insider transaction
VERHAGE THOMAS R sold 402.77 shares of Franklin Electric Co Inc at $0.00 per share, a transaction worth N/A. The trade was recorded as j and disclosed on an SEC Form 4, filed 1 day after the transaction.
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. VerHage elected to receive his deferred compensation in cash. The deferred compensation was for a portion of his 2021 Board of Director retainer, stock award, committee member fees, and lead independent director fees in Franklin Electric Co., Inc. common stock and dividends received on such shares.