BROWN DAVID T 4
4 · FRANKLIN ELECTRIC CO INC · Filed May 24, 2021
Insider Transaction Report
Form 4
BROWN DAVID T
Director
Transactions
- Award
stock units
2021-05-20$81.10/sh+167.82$13,610→ 2,716.55 total(indirect: By Trust)→ common stock (167.82 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 2008-2016 Board of Directors retainer, meeting fees and stock award in Franklin Electric Co., Inc. common stock, and in 2017-2020 his stock award in Franklin Electric Co., Inc, issuance of such shares deferred until he retires, leaves the Board of Directors, or has elected to receive such payment per the terms of the Plan (e.g. Stock Units). On May 20, 2021, Mr. Brown was credited with 167.82 Stock Units for dividends that would have been paid on such deferred shares. 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.