Franklin Electric repurchases 1.2M shares at $86.78 from Schaefer trust; authorization increased

FRANKLIN ELECTRIC CO INC

Repurchased 1,200,000 shares from Patricia Schaefer Settlement Trust at $86.78/share (five-day VWAP) on June 13, 2025.
Board increased share repurchase authorization by 1.2M shares; remaining authorization of 1,126,635 shares after the transaction.
Transaction provides liquidity for estate tax obligations; CEO cites confidence in balance sheet and future prospects.

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