Carano Mark A 4
4 · FRANKLIN ELECTRIC CO INC · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Franklin Electric (FELE) Director Mark Carano Receives Award
What Happened
Mark A. Carano, a director of Franklin Electric Co., Inc. (FELE), was credited with 5.02 stock units on February 19, 2026. The filing reports 5.02 units at a per-share value of $94.71, for an aggregate value of approximately $475. This was recorded as an award/acquisition (transaction code A) and represents derivative stock units rather than an open-market purchase of shares.
Key Details
- Transaction date: 2026-02-19; filing date (Accession): 2026-02-23 — appears timely (filed within the two-business-day SEC window).
- Quantity & value: 5.02 Stock Units @ $94.71 each ≈ $475 total.
- Nature: Derivative stock units credited as dividend equivalents under the Nonemployee Directors' Deferred Compensation Plan (not a cash or market purchase).
- Post-transaction holdings: Not specified in the provided filing excerpt.
- Footnote: Per the Plan (approved Feb 11, 2000; amended May 6, 2020), Mr. Carano elected to receive his 2025 award in common stock with issuance deferred until retirement, departure from the board, or an elected distribution. At distribution he may elect to receive shares or cash.
Context: These units are dividend-equivalent credits under a deferred compensation arrangement for nonemployee directors — a routine administrative grant that does not necessarily indicate a change in insider sentiment. At payout, the units may convert to Franklin common stock or cash per the plan terms.
Insider Transaction Report
- Award
stock units
[F1]2026-02-19$94.71/sh+5.02$475→ 1,704.28 total→ common stock (5.02 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. Carano elected to receive his 2025 stock award in Franklin Electric Co., Inc common stock, issuance of such shares deferred until he 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 19, 2026, Mr. Carano was credited with 5.02 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Carano may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.