SHERMAN JENNIFER L 4

4 · FRANKLIN ELECTRIC CO INC · Filed Feb 23, 2026

AI-generated summary of this filing

Updated Feb 23, 2026

Franklin Electric (FELE) Director Jennifer Sherman Receives Award

What Happened

Jennifer L. Sherman, a director of Franklin Electric Co., Inc. (FELE), was credited with 141.46 Stock Units on February 19, 2026. The filing lists the per-unit conversion value as $94.71, for a total reported value of $13,398. This was recorded as an award/derivative credit (code A), not an open‑market purchase or sale.

Key Details

Transaction date and price: 2026-02-19; 141.46 Stock Units @ $94.71 (total $13,398).
Transaction type: A = Award/Grant (derivative — stock units representing dividend equivalents on deferred shares).
Shares owned after transaction: Not specified in the provided filing excerpt.
Footnote: Under the Nonemployee Directors' Deferred Compensation Plan (amended May 6, 2020), Ms. Sherman elected to defer various director awards/fees. On 2/19/2026 she was credited with Stock Units representing dividends on those deferred shares. At distribution she may elect to receive either Franklin common stock or cash.
Filing timeliness: Reported on 2026-02-23 for a 2026-02-19 transaction; this filing appears timely under the two-business-day Form 4 requirement.

Context

These Stock Units are a deferred-compensation/derivative entry (not a cash purchase or sale) and reflect credited dividend equivalents on previously deferred director awards. Such credits are routine under deferred compensation plans and do not by themselves indicate a buy/sell signal by the director.

Form 4

Period: 2026-02-19

Director

Transactions

Award
stock units
[F1]
2026-02-19$94.71/sh+141.46$13,398→ 47,990.89 total
→ common stock (141.46 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, 2023-2024 stock award, meeting fees, retainer and lead independent director fees and 2025 stock award, meeting fees, retainer and chairperson 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 19, 2026, Ms. Sherman was credited with 141.46 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.

Signature

Jonathan M. Grandon, power of attorney for Jennifer L Sherman|2026-02-23

1 file