Form 4: Franklin Electric Director Receives Deferred Stock Units

Franklin Electric Co. Inc. Director Renee J. Peterson was credited with 108.56 stock units for deferred dividends under the company's compensation plan.

Summary

• Renee J. Peterson, a Director of Franklin Electric Co. Inc. (FELE), was credited with 108.56 Stock Units on August 21, 2025.
• These Stock Units represent dividends that would have been paid on her deferred shares, which are part of her 2015-2024 stock award, meeting fees, and retainer.
• The deferral is pursuant to the Nonemployee Directors' Deferred Compensation Plan, approved on February 11, 2000, and amended and restated on May 6, 2020.
• Issuance of these shares is deferred until Ms. Peterson retires, leaves the Board of Directors, or elects to receive payment per the Plan's terms.
• At the time of distribution, Ms. Peterson has the option to receive her deferred compensation in either shares of Franklin common stock or cash.
• Following this transaction, Ms. Peterson beneficially owns 39,339 derivative securities (Stock Units) directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, expected transaction related to director compensation under an established plan. It has a neutral impact on the company's immediate financial outlook or market perception.

Positives

• The credit of 108.56 Stock Units to Director Renee J. Peterson demonstrates the ongoing operation of the company's established Nonemployee Directors' Deferred Compensation Plan.
• The plan provides flexibility for directors to defer compensation and elect to receive it in stock or cash upon distribution, aligning director interests with long-term shareholder value.

Negatives

• No negative aspects are identified in this routine compensation filing.

Future Outlook

The issuance of the deferred shares corresponding to the Stock Units will occur upon Ms. Peterson's retirement, departure from the Board of Directors, or an election made according to the terms of the Nonemployee Directors' Deferred Compensation Plan.

Industry Context

This filing represents a routine insider transaction related to director compensation, which is a standard practice across publicly traded companies to align director interests with long-term company performance. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a routine compensation event under an existing plan. It reflects the company's commitment to its director compensation structure.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Next Steps

• Distribution of deferred compensation (either in Franklin common stock or cash) to Renee J. Peterson upon her retirement, departure from the Board, or election per the Plan's terms.

Key Dates

Keywords

Franklin Electric, FELE, Renee J. Peterson, Director Compensation, Stock Units, Deferred Compensation Plan, Insider Transaction, SEC Form 4, Dividend Reinvestment