davis delancey w 4

What Happened
Delancey W. Davis, President (Headwater Companies) of Franklin Electric Co., had 2,684 shares issued to him as a vesting performance award on 2026-04-08 (grant/award code A) at an attributable price of $99.33 per share (total value $266,602). At the same time, 1,122 shares were surrendered/withheld to cover tax obligations (disposition code F) at the same per-share value (approx. $111,448). Net, Davis retained about 1,562 shares from this vesting event.

Key Details

• Transaction date: 2026-04-08; Form filed: 2026-04-10 (timely filing).
• Award: 2,684 shares @ $99.33 = $266,602 (code A — grant/award/acquisition).
• Tax withholding: 1,122 shares @ $99.33 = $111,448 (code F — payment of tax liability).
• Net shares added from this event: ~1,562 shares retained after withholding.
• Ownership disclosure notes (footnote F2): the filing references additional restricted stock units (various vesting schedules) including 2,661 RSUs vesting in thirds beginning 2/19/2026, 1,499 RSUs vesting 2/22/2027, 1,439 RSUs vesting 2/20/2028, and 6,903 shares owned outright.
• Footnote F1 clarifies the award was the vesting of Performance Share Units (PSUs).

Context

• This was a vesting of performance-based equity, not an open-market buy or sale. The company used part of the vested shares to satisfy tax withholding — a common administrative step that does not necessarily signal a change in insider sentiment.
• For retail investors, awards/vestings show executive compensation being realized; purchases are typically the more direct bullish signal.