LEVINE GREG MICHAEL 4

What Happened

• Greg Michael Levine, VP & President, Global Water at Franklin Electric (FELE), had 2,187 restricted shares vest on Feb 16, 2026 (value = 2,187 × $108.94 = $238,252). To satisfy tax withholding, 1,021 of those shares were withheld/disposed (1,021 × $108.94 = $111,228), leaving a net of 1,166 vested shares added to his holdings.

Key Details

• Transaction dates/prices: 2/16/2026 — Award/vesting of 2,187 shares at $108.94; 2/16/2026 — Tax withholding (disposition) of 1,021 shares at $108.94.
• Net shares received: 1,166 shares (2,187 vested − 1,021 withheld).
• Reported ownership detail (footnote): Beneficial ownership reported includes 1,982 shares owned outright plus 1,398 restricted shares vesting 2/22/2027 and 1,368 restricted shares vesting 2/20/2028 (these three items total 4,748 shares as disclosed).
• Footnotes: F1 = vesting of restricted stock; F2 = breakdown of shares included in reported ownership (see previous bullet).
• Filing timeliness: Report covers 2/16/2026 and was filed 2/18/2026 (Form 4; no indication of a late filing).

Context

• This was a standard vesting of restricted stock with shares withheld to cover tax obligations (code F). That withholding is a routine payroll/tax action and not an open-market sale. Such grants are part of compensation and do not by themselves indicate insider buying or selling intent.