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FRANKLIN ELECTRIC CO INC — Director's Dealing 2021
May 14, 2021
31143_dirs_2021-05-14_f9576fae-7dd0-46bc-b0e3-e1a713730cec.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FRANKLIN ELECTRIC CO INC (FELE)
CIK: 0000038725
Period of Report: 2021-05-13
Reporting Person: PETERSON RENEE J (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-05-13 | stock units | $ | A | 2616.75 | Acquired | common stock (2616.75) | Direct |
Footnotes
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, Ms. Peterson elected to receive her 2021 Board of Directors retainer, annual stock award, and committee chair fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until 2025, to be paid in a series of ten annual installments. On May 13, 2021, Ms. Peterson was credited with 862.67 Stock Units for the annual retainer, 1,495.28 Stock Units for the annual stock award, and 258.80 Stock Units for committee chair fees. At distribution, Ms. Peterson may elect pursuant to the terms of the Plan to receive her deferred compensation either in shares of Franklin common stock or in cash.