August 21, 2025 · Form 4 insider transaction
SHERMAN JENNIFER L bought 132 shares of Franklin Electric Co Inc at $95.76 per share, a transaction worth $12.6K. The trade was recorded as grant or award 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, Ms. Sherman elected to receive her 2014-2022 stock award, meeting fees, and retainer, 2023-2024 stock award, meeting fees, retainer and lead independent director fees and 2025 stock award, meeting fees, retainer and chairperson fees of Franklin Electric Co., Inc common stock, issuance of such shares deferred until she 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 August 21, 2025, Ms. Sherman was credited with 131.67 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Ms. Sherman may elect pursuant to the terms of the Plan to receive her deferred compensation either in shares of Franklin common stock or in cash.