PETERSON RENEE J 4
4 · FRANKLIN ELECTRIC CO INC · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Franklin Electric (FELE) Director Renee J. Peterson Receives Award
What Happened
Renee J. Peterson, a director of Franklin Electric Co., Inc. (FELE), was credited with 110.69 Stock Units on May 21, 2026. The units are reported at an implied value of $96.68 each, for a total reported value of $10,702. This was an award/credit of dividend-equivalent units under the company’s Nonemployee Directors' Deferred Compensation Plan, not an open-market purchase or sale.
Key Details
- Transaction date and value: May 21, 2026 — 110.69 Stock Units @ $96.68 = $10,702 (transaction coded A: Award/Acquisition).
- Filing date: Form 4 filed May 26, 2026 (five days after the transaction date). Form 4s are generally due within two business days of the transaction, so this filing was later than that window.
- Shares/units owned after transaction: Not specified in this filing.
- Footnote: Per Footnote F1, the units represent dividend credits on deferred shares under the Nonemployee Directors' Deferred Compensation Plan (approved Feb 11, 2000; amended May 6, 2020). At distribution Ms. Peterson may elect to receive the deferred compensation in Franklin common stock or cash.
- No indication of tax withholding, sale, or immediate disposition in this filing.
Context
This is a derivative/administrative credit (dividend-equivalent stock units) tied to a director deferred compensation plan. Such credits are routine bookkeeping of deferred pay and do not by themselves signal buying or selling intentions in the open market. At payout, the director can choose actual shares or cash per plan terms, which would trigger a separate reportable transaction if shares are issued or sold.
Insider Transaction Report
- Award
stock units
[F1]2026-05-21$96.68/sh+110.69$10,702→ 38,329.74 total→ common stock (110.69 underlying)
Footnotes (1)
- [F1]Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board of Directors on February 11, 2000 and amended and restated on May 6, 2020, Ms. Peterson elected to receive her 2015-2024 stock award, meeting fees, and retainer of Franklin Electric Co., Inc common stock, issuance of such shares deferred until she retires, otherwise leaves the Board of Directors, or has elected to receive such payment per the terms of the Plan (e.g. Stock Units). On May 21, 2026, Ms. Peterson was credited with 110.69 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Ms. Peterson may elect pursuant to the terms of the Plan to receive her deferred compensation either in shares of Franklin common stock or in cash.