Carano Mark A 4

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.