Form 4: Franklin Electric Director Thomas R. VerHage Acquires Shares Through Deferred Compensation Plan

Director Thomas R. VerHage acquired 902.35 shares of Franklin Electric common stock through a deferred compensation plan.

Summary

• Thomas R. VerHage, a director at Franklin Electric Co. Inc., acquired 902.35 shares of common stock on January 2, 2025.
• The acquisition was made through the company's Nonemployee Directors' Deferred Compensation Plan.
• The shares were acquired at a price of $95.88 per share.
• Mr. VerHage also received a cash payment for a partial share.
• The deferred compensation was for a portion of his 2021 and 2022 Board of Director retainer, stock award, committee member fees, and lead independent director fees.
• The transaction also included dividends received on such shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There is no indication of any negative sentiment.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The deferred compensation plan allows directors to align their interests with shareholders.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans are a common practice for directors in publicly traded companies, aligning their interests with shareholders.
• The share acquisition is consistent with standard director compensation practices.

Stakeholder Impact

• The share acquisition by a director may be viewed positively by shareholders as it demonstrates confidence in the company.

Key Dates

Keywords

Franklin Electric, Director, Share Acquisition, Deferred Compensation, Stock Units, Insider Trading, Form 4