Carano Mark A 4

What Happened

• Mark A. Carano, a director of Franklin Electric Co., Inc. (FELE), was credited with 4.94 stock units on May 21, 2026. The units are recorded at an equivalent price of $96.68 per share for a total value of about $478. This was an award/credit (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: May 21, 2026 at $96.68 per share (4.94 units; total ~$478).
• Transaction type: A (award/other acquisition) — derivative stock units, not immediate issuance of common shares.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: Units were credited under the Nonemployee Directors’ Deferred Compensation Plan as dividend-equivalent stock units on deferred director shares; issuance of the underlying shares is deferred until retirement, leaving the Board, or the director elects distribution. At payout Mr. Carano may elect to receive shares or cash.
• Timeliness: Filing date 2026-05-26 for a 2026-05-21 transaction — Form 4s are generally due within 2 business days, so this filing appears later than typical; delays can be administrative but may draw SEC attention if frequent.

Context

• These are dividend-equivalent stock units under a deferred compensation plan (a derivative credit), not an outright purchase or sale of common stock. Such credits are routine director compensation and do not necessarily signal a change in trading sentiment. At distribution the director can choose stock or cash, so the economic exposure may vary.