Grandon Jonathan M. 4

What Happened
Jonathan M. Grandon, Chief Administrative Officer of Franklin Electric Co., was granted 3,168 restricted shares on 2026-02-19 at an implied value of $94.71 per share, totaling $300,041. The grant is reported on a Form 4 as an award/grant (code A), not an open-market purchase.

Key Details

• Transaction date and price: 2026-02-19, 3,168 shares @ $94.71 each (total $300,041).
• Filing date: 2026-02-23; transaction reported for the period ending 2026-02-19.
• Shares owned after transaction: 10,712 total beneficially owned (this total includes the new 3,168 restricted shares plus 1,698 restricted shares vesting 2/20/2028, 1,715 restricted shares vesting 2/22/2027, and 4,131 shares owned outright).
• Vesting/restrictions: The 3,168-share award vests in three equal annual installments (1/3 each year) beginning on the first anniversary of 2/19/2026 (per footnote).
• Transaction type: Award/grant of restricted stock (code A); not an immediate market purchase or sale.

Context
Restricted stock awards are compensation that typically vest over time and are not immediately transferable or sellable until vested. This filing documents a compensation grant rather than a buy/sell decision in the open market; it increases the insider’s long-term equity stake but does not indicate immediate trading activity.