PETERSON RENEE J 4

What Happened Renee J. Peterson, a director of Franklin Electric Co., Inc. (FELE), was credited with 112.66 stock units (derivative) on Feb 19, 2026. The units are valued at $94.71 each, totaling approximately $10,670. This was an award/credit of stock units (transaction code A) under the company's deferred compensation plan — not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-02-19; 112.66 Stock Units @ $94.71 each (reported value ≈ $10,670).
• Filing date: 2026-02-23; the Form 4 was submitted four days after the transaction and may be late relative to the typical 2-business-day Form 4 deadline.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: Under the Nonemployee Directors' Deferred Compensation Plan (approved 2000, amended 2020), Ms. Peterson elected to defer 2015–2024 stock awards, meeting fees, and retainer into stock units. On Feb 19, 2026 she was credited with stock units representing dividends that would have been paid on those deferred shares. At distribution she may elect to receive either Franklin common stock or cash.

Context This is a routine director deferred-compensation credit (derivative stock units) rather than a purchase or sale signaling a trading decision. The units reflect notional dividend credits on previously deferred awards; actual shares or cash will be delivered only at distribution per the plan.