Carano Mark A 4

What Happened
Mark A. Carano, a member of Franklin Electric Co., Inc.'s Board of Directors, was credited on May 8, 2026 with 1,459.63 stock units (derivative securities) at an imputed price of $99.34 per share, representing a total grant value of $145,000. The transaction is coded as an award/grant (A) and reflects deferred retainer compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: May 8, 2026; filing date: May 12, 2026 (timely filed).
• Security: 1,459.63 Stock Units (derivative), imputed price $99.34, total value $145,000.
• Transaction code: A (award/grant).
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnote: Units were credited under the Nonemployee Directors' Deferred Compensation Plan (election to receive 2026 retainer fees in company stock; issuance deferred). At distribution, Mr. Carano may elect to receive either Franklin common stock or cash.

Context
This was a routine director compensation deferral (stock units), not an open-market buy or sale. Stock units are a deferred/derivative form of compensation and will convert to shares or cash at distribution per plan terms; such awards are common for nonemployee directors and do not by themselves indicate a change in insider sentiment.