SPIKES BRENT L 4

What Happened
Brent L. Spikes, VP, Global Manufacturing Operations at Franklin Electric (FELE), had 725 restricted shares vest on Feb 16, 2026 (award/acquisition). Of those, 343 shares were withheld to satisfy tax withholding, leaving a net increase of 382 shares. The award was recorded at $108.94 per share (725 × $108.94 = $78,982); the 343 shares withheld were valued at $108.94 each (343 × $108.94 = $37,366).

Key Details

• Transaction date: 2026-02-16; Form 4 filed 2026-02-18 (appears filed within the typical two-business-day window).
• Award (code A): 725 shares vested at $108.94 per share (total value $78,982).
• Tax withholding (code F): 343 shares surrendered/withheld at $108.94 per share (value $37,366).
• Net new shares retained from the vesting: 382 shares (≈ $41,616 at the vesting price).
• Shares owned after the transaction: 3,859 total — includes 837 restricted stock units vesting 2/20/2028, 826 RSUs vesting 2/22/2027, and 2,196 shares owned outright (per footnote).

Context
This was a vesting of restricted stock (not an open-market purchase or sale). The withholding of 343 shares to cover taxes is a routine administrative step and does not indicate an outright sale for investment reasons. This filing reflects executive compensation vesting rather than a discretionary buy or sell decision.