PETERSON RENEE J 4
4 · FRANKLIN ELECTRIC CO INC · Filed May 3, 2024
Insider Transaction Report
Form 4
PETERSON RENEE J
Director
Transactions
- Award
stock units
2024-05-02$98.72/sh+2,517.22$248,500→ 39,722.9 total→ common stock (2,517.22 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, Ms. Peterson elected to receive her 2024 Board of Directors retainer, annual stock award, and committee chair/member fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until 2029, to be paid in a series of ten annual installments. On May 2, 2024, Ms. Peterson was credited with 861.02 Stock Units for the annual retainer, 1,367.50 Stock Units for the annual stock award, and 288.70 Stock Units for committee chair/member fees. At distribution, Ms. Peterson may elect pursuant to the terms of the Plan to receive her deferred compensation either in shares of Franklin common stock or in cash.