0000038725-23-000086.txt : 20230508
0000038725-23-000086.hdr.sgml : 20230508
20230508164402
ACCESSION NUMBER: 0000038725-23-000086
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230504
FILED AS OF DATE: 20230508
DATE AS OF CHANGE: 20230508
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Villavarayan Chris
CENTRAL INDEX KEY: 0001641733
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-00362
FILM NUMBER: 23898408
MAIL ADDRESS:
STREET 1: C/O MERITOR, INC.
STREET 2: 2135 WEST MAPLE ROAD
CITY: TROY
STATE: MI
ZIP: 48084
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FRANKLIN ELECTRIC CO INC
CENTRAL INDEX KEY: 0000038725
STANDARD INDUSTRIAL CLASSIFICATION: MOTORS & GENERATORS [3621]
IRS NUMBER: 350827455
STATE OF INCORPORATION: IN
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 9255 COVERDALE ROAD
CITY: FORT WAYNE
STATE: IN
ZIP: 46809
BUSINESS PHONE: 2608242900
MAIL ADDRESS:
STREET 1: 9255 COVERDALE ROAD
CITY: FORT WAYNE
STATE: IN
ZIP: 46809
4
1
wf-form4_168357862491120.xml
FORM 4
X0407
4
2023-05-04
0
0000038725
FRANKLIN ELECTRIC CO INC
FELE
0001641733
Villavarayan Chris
PO BOX 615
LAKE ORION
MI
48361
1
0
0
0
0
common stock
2023-05-06
4
M
0
1245.87
95.31
A
3083.87
D
common stock
2023-05-06
4
J
0
0.87
95.31
D
3083
D
stock units
2023-05-04
4
A
0
2449.57
93.69
A
common stock
2449.57
3695.44
D
stock units
2023-05-06
4
M
0
1245.87
0
D
common stock
1245.87
2449.57
D
Partial shares paid out in cash.
Includes 3,083 shares owned outright.
Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board of Directors on February 11, 2000 and amended and restated on May 6, 2020, Mr. Villavarayan elected to receive his 2023 Board of Directors retainer, annual stock award, and committee member fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until he retires, otherwise leaves the Board of Directors, or has elected to receive such payment per the terms of the Plan. On May 4, 2023, Mr. Villavarayan was credited with 800.51 Stock Units for the annual retainer, 1,387.55 Stock Units for the annual stock award and 261.51 Stock Units for committee member fees. At distribution, Mr. Villavarayan may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.
Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board of Directors on February 11, 2000 and amended and restated on May 6, 2020, Mr. Villavarayan has elected to receive his deferred compensation in shares of Franklin common stock. The deferred compensation was for his 2022 Board of Directors retainer, stock award and committee member fees in Franklin Electric Co., Inc. common stock and dividends received on such shares.
Jonathan M. Grandon, power of attorney for Chris Villavarayan
2023-05-08