Villavarayan Chris 4

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.