SHERMAN JENNIFER L 4

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.