0000038725-23-000100.txt : 20230509 0000038725-23-000100.hdr.sgml : 20230509 20230509165310 ACCESSION NUMBER: 0000038725-23-000100 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230504 FILED AS OF DATE: 20230509 DATE AS OF CHANGE: 20230509 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Villavarayan Chris CENTRAL INDEX KEY: 0001641733 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-00362 FILM NUMBER: 23903026 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/A 1 wf-form4a_168366557300141.xml FORM 4/A X0407 4/A 2023-05-04 2023-05-08 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 2385.53 93.69 A common stock 2385.53 3631.40 D stock units 2023-05-06 4 M 0 1245.87 0 D common stock 1245.87 2385.53 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 197.47 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 2023-05-09