BROWN DAVID T 4
4 · FRANKLIN ELECTRIC CO INC · Filed May 8, 2020
Insider Transaction Report
Form 4
BROWN DAVID T
Director
Transactions
- Award
stock units
2020-05-07$47.58/sh+2,522.07$120,000→ 76,958.67 total(indirect: By Trust)→ common stock (2,522.07 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 May 6, 2020, Mr. Brown elected to receive his 2020 Board of Directors stock award in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until June 1, 2021, to be paid in a single lump sum. On May 7, 2020, Mr. Brown was credited with 2,522.07 Stock Units for the annual stock award. 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.