SPIKES BRENT L 4

What Happened

• Brent L. Spikes, Vice President, Global Manufacturing Operations at Franklin Electric (FELE), was granted 1,542 restricted stock units (RSUs) on 2026-02-19. The award is reported at $94.71 per share, for a total value of approximately $146,043. This is a compensation award (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-19; Form 4 filed 2026-02-23.
• Grant: 1,542 RSUs at $94.71 per share (total ~$146,043).
• Vesting for the 1,542 RSUs: in three equal annual installments beginning on the first anniversary of 2/19/2026 (see footnote F1).
• Reported holdings after the transaction (per footnote F2): 2,196 shares owned outright plus unvested RSUs of 1,542 (this grant) + 826 (vesting 2/22/2027) + 837 (vesting 2/20/2028) — a total of 5,401 securities, of which 3,205 are unvested RSUs.
• No 10b5-1 plan, tax-withholding, or late-filing flag was indicated in the filing.

Context

• RSUs are compensation that convert into shares as they vest; they do not require an immediate cash outlay by the executive and are different from market purchases that can signal bullish conviction.
• The grant increases the executive’s future potential ownership as the RSUs vest over the coming years; until vested, they remain subject to company vesting conditions.