Ruzynski Joseph A. 4

What Happened Joseph A. Ruzynski, CEO of Franklin Electric Co., purchased 500 shares in an open-market transaction on 2026-02-19 at $93.34/share (about $46,670) and on the same date received a grant of 17,738 restricted shares priced at $94.71/share (valued at about $1,679,966). The purchase is an outright acquisition; the larger award is subject to vesting.

Key Details

• Transaction dates/prices:
  • 2026-02-19 — Open-market purchase (P): 500 shares @ $93.34 ($46,670).
  • 2026-02-19 — Grant/award (A): 17,738 restricted shares @ $94.71 ($1,679,966).
• Shares owned after transaction: Footnote indicates beneficial ownership includes 17,738 restricted shares (this grant), plus other restricted holdings of 8,255 (vest 2/20/2028) and 13,967 (vest 7/1/2027), and 500 shares owned outright — totaling 40,460 shares noted in the filing.
• Vesting (per footnotes):
  • The 17,738-share award vests in three equal annual installments beginning on the first anniversary of 2/19/2026 (i.e., ~2/19/2027, 2028, 2029).
  • Additional restricted tranches vest on 7/1/2027 and 2/20/2028 as noted.
• Filing timeliness: Reported on 2026-02-23 for transactions dated 2026-02-19; filing appears timely (no late filing flagged).
• Codes: P = open-market purchase; A = grant/award. No 10b5-1 plan or tax-withholding sale noted in the filing.

Context This filing shows a small open-market purchase alongside a larger equity award that vests over time. The purchase is an immediate acquisition of shares, while the award is a retention/compensation vehicle that will convert to vested shares on scheduled dates. As always, insider transactions are factual disclosures and do not guarantee future stock performance.