Villavarayan Chris 4

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.