Franklin Electric Announces Repurchase of Company Shares

Core Points - Franklin Electric Co., Inc. has successfully completed a stock purchase transaction involving 1,200,000 shares at a price of $86.78 per share, reflecting the volume-weighted average price over the preceding five trading days [1] - The transaction was made to provide liquidity for the estate of Patricia Schaefer, who recently passed away, and demonstrates the company's confidence in its financial health and future prospects [2] - The Board of Directors has approved an increase in the company's share repurchase authorization by 1,200,000 shares, allowing for a total of 1,126,635 shares to be repurchased post-transaction [2] Company Overview - Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy, serving various sectors including residential, commercial, agricultural, industrial, municipal, and fueling applications [3] - The company has received recognition in multiple categories, including Newsweek's lists of America's Most Responsible Companies 2024 and Greenest Companies 2025, as well as being named one of the Best Places to Work in Indiana 2024 [3]