Franklin Electric (FELE) Director Renee Peterson Receives Award

What Happened
Renee J. Peterson, a director of Franklin Electric Co., Inc., was credited on August 20, 2026 with 103.94 stock units (derivative award) valued at $103.26 per unit, totaling about $10,733. This was an award/credit under the company’s Nonemployee Directors' Deferred Compensation Plan rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-20; reported filed: 2026-08-24.
• Transaction type/code: Award/Grant (A) — derivative stock units.
• Quantity and value: 103.94 stock units × $103.26 = ~$10,733.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: The units were credited as dividend-equivalents under the Nonemployee Directors' Deferred Compensation Plan (per footnote F1). At distribution, Ms. Peterson may elect to receive the deferred compensation in Franklin common stock or in cash.
• Timeliness: The form was filed four days after the transaction date; Form 4s are generally due within two business days, so this filing appears later than the typical deadline.

Context
This was a routine deferred-compensation credit (stock units reflecting dividends) for a non-employee director, not a market buy or sale. Such awards reflect compensation plan mechanics and do not necessarily signal the director buying or selling company stock now; the units convert to stock or cash only at distribution per plan rules.