Franklin Electric (FELE) Director Mark Carano Receives Award

What Happened

• Mark A. Carano, a member of the Board of Directors of Franklin Electric Co., Inc. (FELE), was credited with 8.59 Stock Units on August 20, 2026. The units were valued at $103.26 per share for a total of approximately $887. This transaction is reported as a derivative award (transaction code A) — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-20; Price per share used: $103.26; Units credited: 8.59; Total value: ≈ $887 (derivative).
• Transaction type: Award/Grant (derivative stock units) — code A on Form 4.
• Shares owned after transaction: not reported in this filing.
• Footnote: Under the Nonemployee Directors' Deferred Compensation Plan, Mr. Carano elected to defer his 2025–2026 stock award. On 8/20/2026 he was credited with 8.59 Stock Units representing dividends that would have been paid on those deferred shares. At distribution he may elect to receive these in Franklin common stock or cash.
• Filing timeliness: The Form 4 was filed on 2026-08-24 for an 8/20/2026 transaction (filed 4 days later). Form 4s are normally due within 2 business days, so this appears to be later than typical reporting timelines.

Context

• These Stock Units are a deferred-compensation dividend equivalent on previously deferred director award shares — they are not newly purchased shares and do not reflect an immediate market buy or sell by the director. Such awards are routine for non-employee directors and are primarily administrative/compensation items rather than direct signals of insider sentiment.