A statement of changes in beneficial ownership filed on August 24, 2026, disclosed that Renee J. Peterson, a director of Franklin Electric Co., Inc., was credited with 103.94 stock units on August 20, 2026, under the company's Nonemployee Directors' Deferred Compensation Plan.

Key Highlights

  • Reporting person: Renee J. Peterson, identified as a Director of Franklin Electric Co., Inc. (NASDAQ:FELE).
  • Transaction date: August 20, 2026, with the filing submitted on August 24, 2026.
  • Units credited: 103.94 stock units acquired (transaction code A) at a price of $103.26 per unit.
  • Resulting balance: 38,433.68 stock units beneficially owned following the reported transaction, held directly.
  • Source of credit: Dividend equivalents on previously deferred shares under the Nonemployee Directors' Deferred Compensation Plan.
  • Settlement terms: At distribution, Peterson may elect to receive deferred compensation in Franklin Electric common stock or in cash, per plan terms.

Peterson Receives Dividend-Equivalent Stock Units Under Franklin Electric Deferred Compensation Plan

According to the filing, the 103.94 stock units credited to Peterson represent dividends that would have been paid on shares she previously elected to defer under the Nonemployee Directors' Deferred Compensation Plan. That plan was originally approved by Franklin Electric's Board of Directors on February 11, 2000, and was amended and restated on May 6, 2020. Franklin Electric Co., Inc. is a manufacturer of water and fuel pumping systems, with its principal offices located at 9255 Coverdale Rd, Fort Wayne, Indiana 46809.

The filing explains that Peterson had elected to defer her 2015-2024 stock award, meeting fees, and retainer in the form of Franklin Electric common stock, with issuance of shares deferred until she retires, otherwise leaves the Board, or elects to receive payment under the plan's terms. The filing notes the transaction was signed by Jonathan M. Grandon as power of attorney for Renee J. Peterson.

What Was Disclosed

The filing disclosed that director Renee J. Peterson was credited with 103.94 stock units on August 20, 2026, as dividend equivalents under Franklin Electric's Nonemployee Directors' Deferred Compensation Plan, bringing her total beneficial ownership to 38,433.68 stock units held directly.