BROWN DAVID T 4
4 · FRANKLIN ELECTRIC CO INC · Filed Aug 20, 2018
Insider Transaction Report
Form 4
BROWN DAVID T
Director
Transactions
- Award
stock units
2018-08-16$48.10/sh+176.1$8,470→ 70,761.28 total→ common stock (176.1 underlying)
Footnotes (1)
- [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 April 7, 2006, Mr. Brown elected to receive his 2008-2016 Board of Directors retainer, meeting fees and stock award in Franklin Electric Co., Inc. common stock, and in 2017-2018 his stock award in Franklin Electric Co., Inc, issuance of such shares deferred until he retires or otherwise leaves the Board of Directors (e.g. Stock Units). On August 16, 2018, Mr. Brown was credited with 176.10 Stock Units for meeting attendance. At distribution, Mr. Brown may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.