Wathen David M 4
4 · FRANKLIN ELECTRIC CO INC · Filed Aug 19, 2022
Insider Transaction Report
Form 4
Wathen David M
Director
Transactions
- Award
stock units
2022-08-18$94.80/sh+188.08$17,830→ 91,625.59 total→ common stock (188.08 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. Wathen elected to receive his 2005-2016 and 2019 Board of Directors retainer, stock award, and meeting fees in Franklin Electric Co., Inc. common stock, and in 2017-2018, his retainer, stock award, meeting fees, and lead independent director fees 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 August 18, 2022, Mr. Wathen was credited with 188.08 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Wathen may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.