A Statement of Changes in Beneficial Ownership was filed on August 24, 2026, reporting that Jennifer L. Sherman, a director of Franklin Electric Co., Inc., was credited with 139.98 stock units on August 20, 2026, under the company's Nonemployee Directors' Deferred Compensation Plan.

Key Highlights

  • Reporting person: Jennifer L. Sherman, 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: 139.98 stock units were acquired (transaction code A) at a price of $103.26 per unit.
  • Resulting beneficial ownership: 51,762.91 derivative securities (stock units) beneficially owned following the transaction, held directly.
  • Source of credit: The stock units represent dividends that would have been paid on deferred shares under the company's Nonemployee Directors' Deferred Compensation Plan.
  • Distribution election: According to the filing, at distribution Ms. Sherman may elect to receive her deferred compensation either in shares of Franklin Electric common stock or in cash.

Sherman's Deferred Compensation Credit Under Franklin Electric's Director Plan

According to the filing, the transaction was made pursuant to the Nonemployee Directors' Deferred Compensation Plan, which was approved by Franklin Electric's Board of Directors on February 11, 2000, and was amended and restated on May 6, 2020. Under this plan, Ms. Sherman elected to defer her stock awards, meeting fees, retainer fees, lead independent director fees, and chairperson fees covering multiple periods from 2014 through 2026, with the issuance of corresponding common shares deferred until she retires, otherwise leaves the Board, or elects to receive payment per the plan's terms.

On August 20, 2026, the filing states, Ms. Sherman was credited with 139.98 stock units representing dividends that would have been paid on her accumulated deferred shares. The underlying security is Franklin Electric common stock, and the price per unit is listed as $103.26. Franklin Electric Co., Inc. is a manufacturer of water and fuel pumping systems, and the company's common stock trades on NASDAQ under the symbol FELE. The filing was signed by Jonathan M. Grandon acting as power of attorney for Jennifer L. Sherman.

The filing reports that following this transaction, Ms. Sherman holds 51,762.91 stock units in total on a direct basis. These units remain deferred until a qualifying distribution event occurs, at which point she may choose, per the plan's terms, to receive her deferred compensation in shares of Franklin Electric common stock or in cash.

What Was Disclosed

The filing reported the August 20, 2026, acquisition of 139.98 deferred stock units by Director Jennifer L. Sherman under Franklin Electric's Nonemployee Directors' Deferred Compensation Plan, bringing her total beneficially owned stock units to 51,762.91, held directly.