Franklin Electric (FELE) Director Chris Villavarayan Receives Award

What Happened Chris Villavarayan, a director of Franklin Electric Co., Inc. (FELE), was credited with 14.52 Stock Units on August 20, 2026. The filing values the units at $103.26 each for a total of approximately $1,499. The transaction is reported as an award/acquisition (derivative securities), not an open-market purchase or sale.

Key Details

• Transaction date: August 20, 2026 (reported on Form 4 filed August 24, 2026).
• Security and amount: 14.52 Stock Units credited; price used in filing $103.26 per unit; total value ≈ $1,499.
• Transaction code: A (award/acquisition) — derivative security (Stock Units).
• Shares owned after transaction: Not specified in this filing.
• Footnote: Units were credited under the Nonemployee Directors' Deferred Compensation Plan (approved Feb 11, 2000; amended May 6, 2020). Villavarayan elected to receive his 2025–2026 stock award, meeting fees, and retainer in common stock, with issuance deferred until retirement, departure from the board, or an elected distribution. At distribution he may elect to receive shares or cash.
• Filing timing: Form 4 was filed 4 days after the transaction date; Form 4s are generally due within two business days of the transaction.

Context This entry reflects routine director compensation (dividend-equivalent stock units credited to a deferred compensation account). Stock units are derivative credits rather than immediately issued common shares; at payout the director may choose stock or cash. Such routine awards typically do not signal a direct buy/sell decision by the insider.