Wathen David M 4
4 · FRANKLIN ELECTRIC CO INC · Filed May 2, 2025
Insider Transaction Report
Form 4
Wathen David M
Director
Transactions
- Exercise/Conversion
common stock
2025-05-01$85.35/sh+93,888.65$8,013,396→ 99,402.65 total - Other
common stock
2025-05-01$85.35/sh−0.65$55→ 99,402 total - Exercise/Conversion
stock units
2025-05-01$85.35/sh−93,888.65$8,013,396→ 0 total→ common stock (93,888.65 underlying)
Footnotes (3)
- [F1]Partial share paid out in cash.
- [F2]Includes 99,402 shares owned outright.
- [F3]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 May 1, 2025, Mr. Wathen has retired from the board and has elected to receive his deferred compensation in Franklin common stock.