Form 4: Franklin Electric Director Renee J. Peterson Reports Stock Unit Transaction

Director Renee J. Peterson of Franklin Electric Co. Inc. reports a transaction involving stock units converted to cash under a deferred compensation plan.

Summary

• Renee J. Peterson, a director at Franklin Electric Co. Inc., filed a Form 4 detailing a transaction.
• The transaction involved 1,002.49 stock units which were converted to cash.
• These stock units were part of her deferred compensation plan.
• The deferred compensation relates to her 2020, 2021 and 2023 Board of Directors retainer, stock award and committee member fees.
• The conversion of stock units to cash occurred on January 1, 2025.
• Following the transaction, Ms. Peterson beneficially owns 39,012.88 shares of common stock.

Sentiment

Score: 7

Explanation: The document is a routine filing of a director's transaction, which is neutral to slightly positive as it shows the director is receiving compensation.

Industry Context

This is a routine filing for a director's transaction and is common practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting insider transactions in publicly traded companies.
• The deferred compensation plan is a common method for compensating directors and executives.
• The transaction is similar to those seen at other companies with similar compensation structures.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine conversion of stock units to cash under a pre-existing plan.

Key Dates

Keywords

Form 4, stock units, deferred compensation, director transaction, Franklin Electric, FELE, insider trading