ROBERTS DAVID A 4
4 · FRANKLIN ELECTRIC CO INC · Filed Nov 19, 2019
Insider Transaction Report
Form 4
ROBERTS DAVID A
Director
Transactions
- Award
stock units
2019-11-15$53.33/sh+15.01$800→ 5,534.93 total→ common stock (15.01 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 28, 2006, Mr. Roberts elected to receive his 2017 Board of Directors stock award and 2004 Board of Directors retainer in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until he retires or otherwise leaves the Board of Directors (e.g. Stock Units). On November 15, 2019, Mr. Roberts was credited with 15.01 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Roberts may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.