Villavarayan Chris bought FELE
February 15, 2024 · Form 4 insider transaction
Villavarayan Chris bought 6 shares of Franklin Electric Co., Inc. at $100.28 per share, a transaction worth $601.68. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 1 day after the transaction.
Footnotes
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 2022 meeting fees and retainer and 2023 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 February 15, 2024, Mr. Villavarayan was credited with 6.00 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.