Grandon Jonathan M. 4

What Happened

• Jonathan M. Grandon, Chief Administrative Officer of Franklin Electric (FELE), had 2,803 shares delivered on 2026-04-08 as the vesting/settlement of performance-based awards (code A) at $99.33 per share (total value about $278,422). To satisfy tax withholding (code F), 1,018 of those shares were withheld/disposed at the same $99.33 price (value about $101,118), leaving a net increase of 1,785 shares to his holdings.

Key Details

• Transaction date: 2026-04-08; filing date: 2026-04-10 (filed timely, within typical 2-business-day Form 4 window).
• Award received: 2,803 shares @ $99.33, value ≈ $278,422 (code A — award/vesting).
• Tax withholding: 1,018 shares withheld @ $99.33, value ≈ $101,118 (code F — tax withholding).
• Net shares added: 1,785 shares.
• Shares owned (per footnote): Form footnote lists holdings including 3,168 restricted shares (vest in equal 1/3 installments beginning 2/19/2026), 1,715 restricted shares vesting 2/22/2027, 1,698 restricted shares vesting 2/20/2028, and 5,916 shares owned outright — a combined total of 12,497 shares as reported in the footnote.
• Footnote F1: indicates the A-coded delivery was the vesting of Performance Share Units. Footnote F2: breakdown of restricted and outright shares.

Context

• This was not an open-market buy or a sale for cash: it reflects the vesting/settlement of performance awards with shares withheld to cover tax obligations (a common, administrative action). Such withholding (code F) is routine and does not necessarily signal a change in the officer’s view of the company.