Form 4: Renee J. Peterson Reports Acquisition of Franklin Electric Co. Stock Units

Director Renee J. Peterson reports the acquisition of 97.53 stock units of Franklin Electric Co. due to dividend accrual under the Nonemployee Directors' Deferred Compensation Plan.

Summary

• Renee J. Peterson, a director of Franklin Electric Co. Inc. (FELE), reported a transaction on February 20, 2025.
• She acquired 97.53 stock units as part of the Nonemployee Directors' Deferred Compensation Plan.
• These stock units represent dividends that would have been paid on deferred shares.
• As of this report, Ms. Peterson beneficially owns 39,110.41 shares of Franklin Electric Co.
• The shares are held directly.
• The stock units will be distributed as either Franklin common stock or cash upon her retirement or departure from the Board of Directors, or as otherwise elected per the terms of the Plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stability and adherence to established plans. The sentiment is neutral to slightly positive as it reflects ongoing commitment and investment by a board member.

Future Outlook

The distribution of the deferred compensation will occur either in shares of Franklin common stock or in cash upon Ms. Peterson's retirement or departure from the Board of Directors, or as otherwise elected per the terms of the Plan.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common among publicly traded companies. It provides transparency regarding the alignment of director interests with shareholder value.

Related Party Transactions

• The acquisition of stock units under the Nonemployee Directors' Deferred Compensation Plan constitutes a related party transaction.

Stakeholder Impact

• The transaction reflects the company's commitment to compensating its directors, which can positively influence shareholder confidence.
• The deferred compensation plan aligns the interests of the director with the long-term performance of the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Units, Director, Franklin Electric Co., FELE, Deferred Compensation Plan, Dividends, Renee J. Peterson