Villavarayan Chris 4

4 · FRANKLIN ELECTRIC CO INC · Filed Feb 23, 2026

AI-generated summary of this filing

Updated Feb 23, 2026

Franklin Electric (FELE) Director Chris Villavarayan Receives Award

What Happened

Chris Villavarayan, a director of Franklin Electric Co., Inc. (FELE), was credited with 8.39 Stock Units on Feb 19, 2026. The units are reported at $94.71 each for a total value of approximately $795. The transaction is coded as an Award/Acquisition (A) and involves derivative stock units rather than an open‑market purchase of shares.

Key Details

Transaction date: 2026-02-19
Filing date: 2026-02-23 (filed on the required second business day; timely)
Instrument & code: Stock Units (derivative) — Code A (award/acquisition)
Quantity & price: 8.39 units @ $94.71 per unit; total value ≈ $795
Shares owned after transaction: Not specified in the filing
Footnote: Per the Nonemployee Directors' Deferred Compensation Plan, these units represent dividend equivalents credited on deferred shares for 2025. At distribution (e.g., upon retirement or leaving the board), Mr. Villavarayan may elect to receive the deferred compensation in Franklin common stock or cash.

Context

This was a bookkeeping credit under the company's deferred compensation plan (dividend equivalents credited as Stock Units), not a market purchase or sale. Such awards are routine for nonemployee directors and reflect plan mechanics rather than an immediate trading signal. The units will convert to cash or shares only at distribution per the plan terms.

Form 4

Period: 2026-02-19

Director

Transactions

Award
stock units
[F1]
2026-02-19$94.71/sh+8.39$795→ 2,845.74 total
→ common stock (8.39 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, Mr. Villavarayan elected to receive his 2025 stock award, meeting fees, and retainer in Franklin Electric Co., Inc common stock, issuance of such shares deferred until he 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 February 19, 2026, Mr. Villavarayan was credited with 8.39 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Villavarayan may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.

Signature

Jonathan M. Grandon, power of attorney for Chris Villavarayan|2026-02-23

1 file