Grandon Jonathan M. 4

What Happened
Jonathan M. Grandon, Chief Administrative Officer of Franklin Electric (FELE), received an award of 1,555 restricted shares that vested on 2026-02-16, valued at $108.94 each (total $169,402). To cover tax withholding, 627 shares were surrendered/disposed at the same price for a value of $68,305. Net to Grandon from the vesting: 928 shares, representing about $101,097 in value.

Key Details

• Transaction date: 2026-02-16; Form 4 filed 2026-02-18 (timely filing).
• Award: 1,555 restricted shares @ $108.94 = $169,402 (transaction code A; F1 notes vest of restricted shares).
• Withholding/payment: 627 shares @ $108.94 = $68,305 (transaction code F; tax withholding).
• Net increase: +928 shares (1,555 vested − 627 withheld) and net value approx. $101,097.
• Beneficial ownership after the transaction (per footnote F2): 7,544 total — comprising 1,698 RSUs vesting 2/20/2028, 1,715 RSUs vesting 2/22/2027, and 4,131 shares owned outright.
• Footnotes: F1 = vest of restricted stock shares; F2 = breakdown of restricted and outright shares. No 10b5-1 plan or late filing indicated.

Context
This was a routine vesting of restricted stock (compensation), not an open-market buy or discretionary sale; the withheld shares were used to satisfy tax obligations (common for vested awards). Such grants reflect company compensation practices rather than a direct buy/sell signal about near-term stock expectations.