Villavarayan Chris 4
4 · FRANKLIN ELECTRIC CO INC · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
Franklin Electric (FELE) Director Chris Villavarayan Receives Stock Award
What Happened Chris Villavarayan, a non-employee director of Franklin Electric Co., Inc. (FELE), was credited with 2,501.51 Stock Units on May 8, 2026. The units are recorded at $99.34 per share, a total grant value of $248,500. This was an award/grant (derivative transaction), not an open-market purchase or sale.
Key Details
- Transaction date: May 8, 2026; Form 4 filed May 12, 2026 (appears timely under the two-business-day rule).
- Transaction type/code: A (Award/Grant) — derivative stock units, not immediate common shares.
- Amount and valuation: 2,501.51 Stock Units at $99.34 each; total value $248,500.
- Breakdown of units credited (per footnote): 855.65 Stock Units — annual retainer; 1,459.63 — annual stock award; 186.23 — committee chair/member fees.
- Shares owned after transaction: Not specified in this filing.
- Settlement/deferral: Units were elected to be deferred under the Nonemployee Directors’ Deferred Compensation Plan. At distribution, Mr. Villavarayan may elect to receive the deferred compensation in Franklin common stock or cash.
Context This is a routine director compensation grant under the company’s deferred-compensation plan and should be viewed as a non-trading, compensation-related issuance rather than a market signal of buying or selling.
Insider Transaction Report
Form 4
Villavarayan Chris
Director
Transactions
- Award
stock units
[F1]2026-05-08$99.34/sh+2,501.51$248,500→ 5,347.25 total→ common stock (2,501.51 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 2026 Board of Directors retainer, stock award, and committee member fees in Franklin Electric Co., Inc. common stock, issuance of such shares have been elected to be deferred. On May 8, 2026, Mr. Villavarayan was credited with 855.65 Stock Units for the annual retainer, 1,459.63 Stock Units for the annual stock award, and 186.23 Stock Units for committee chair/member fees. At distribution, Mr. Villavarayan may elect pursuant to the terms of the Plan to receive her deferred compensation either in shares of Franklin common stock or in cash.
Signature
Jonathan M. Grandon, power of attorney for Chris Villavarayan|2026-05-12