BROWN DAVID T 4
4 · FRANKLIN ELECTRIC CO INC · Filed Nov 19, 2019
Insider Transaction Report
Form 4
BROWN DAVID T
Director
Transactions
- Other
stock units
2019-11-15−74,042.58→ 0 total→ common stock (74,042.58 underlying) - Other
stock units
2019-11-15+74,042.55→ 74,042.55 total(indirect: By Trust)→ common stock (74,042.55 underlying) - Award
stock units
2019-11-15$53.33/sh+201.32$10,736→ 74,243.87 total(indirect: By Trust)→ common stock (201.32 underlying)
Footnotes (2)
- [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. Brown elected toreceive his 2008-2016 Board of Directors retainer, meeting fees and stock award in Franklin Electric Co., Inc. common stock, and in 2017-2019 his stock award in Franklin Electric Co., Inc, issuance of suchshares deferred until he retires or otherwise leaves the Board of Directors (e.g. Stock Units). On November 15, 2019, Mr. Brown was credited with 201.32 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.
- [F2]Mr. Brown elected to transfer shares to a revocable trust, where he remains a trustee and beneficiary.