SHERMAN JENNIFER L 4
4 · FRANKLIN ELECTRIC CO INC · Filed Feb 21, 2025
Insider Transaction Report
Form 4
SHERMAN JENNIFER L
Director
Transactions
- Award
stock units
2025-02-20$106.00/sh+108.49$11,500→ 43,505.81 total→ common stock (108.49 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. Sherman elected to receive her 2014-2022 stock award, meeting fees, and retainer and 2023-2024 stock award, meeting fees, retainer and lead independent director fees of Franklin Electric Co., Inc common stock, issuance of such shares deferred until she retires, otherwise leaves the Board of Directors, or has elected to receive such payment per the terms of the Plan (e.g. Stock Units). On February 20, 2025, Ms. Sherman was credited with 108.49 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Ms. Sherman may elect pursuant to the terms of the Plan to receive her deferred compensation either in shares of Franklin common stock or in cash.