Franklin Electric Co Inc (FELE) company profile
Close on Nov 13, 2026Market cap $4.34BP/E 22.1Yield –
About Franklin Electric
Motors & Generators, SIC 3621
Franklin Electric Co., Inc. designs, manufactures, and distributes water and fuel pumping systems, alongside related components such as submersible motors, pumps, electronic controls, and water treatment equipment. Its operations are divided into three reportable segments: Water Systems, Energy Systems, and Distribution. The Water Systems unit provides clean water and wastewater transfer solutions across residential, agricultural, municipal, and industrial markets. The Energy Systems segment supplies fueling and containment components, station hardware, and monitoring devices to gas stations, petroleum distributors, and utility infrastructure. Through its Distribution segment, operated under the Headwater Companies, it distributes groundwater equipment primarily to water well contractors. Products are marketed worldwide via employee sales teams, independent representatives, specialty distributors, and original equipment manufacturers.
The company operates over 240 manufacturing and distribution facilities across more than 20 countries, with significant operations in North America, South America, Europe, Africa, and Asia. As of late 2025, Franklin Electric employed approximately 6,500 people. Its global headquarters is located in Fort Wayne, Indiana.
Summary of the business section of Franklin Electric's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Franklin Electric Co Inc
- Founded
- 1944
- Headquarters
- Fort Wayne, IN
- Address
- 9255 Coverdale Road 46809
- Phone
- (260) 824-2900
- Website
- franklin-electric.com
- Employees
- 6,500, Dec 31, 2025
- Industry
- Motors & Generators
- Incorporated in
- Indiana
- Fiscal year ends
- December 31
- Auditor
- DELOITTE & TOUCHE LLP, Chicago, Illinois
Stock & identifiers
- Ticker
- FELE
- Exchange
- Nasdaq
- Shares outstanding
- 44M, Oct 22, 2026
- Public float
- $3.94B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 2-for-1, Mar 19, 2013; 2-for-1, Jun 16, 2004; 2-for-1, Mar 25, 2002
- SEC CIK
- 38725
- CUSIP
- 353514102
- ISIN
- US3535141028
- FIGI
- BBG000BJGGV8
- Share class FIGI
- BBG001S5R3W4
- LEI
- RR6AURIKMXUE4Q24G284
- EIN
- 35-0827455
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Jennifer Ann Wolfenbarger | VICE PRESIDENT AND CFO | 16,355 |
| Jonathan M. Grandon | Chief Administrative Officer | 7,509 |
| delancey w. davis | President, Headwater Companies | 10,531 |
| Daniela Maria Williams | VP AND CHIEF HR OFFICER | 0 |
| Jay J. Walsh | President, Franklin Fueling | 22,199 |
| Brent L. Spikes | VP, Global Manufacturing Ops | 10,537 |
| Joseph A. Ruzynski | CEO | 22,722 |
| Greg Michael Levine | VP & President, Global Water | 7,261 |
| Jeffery L. Taylor | Vice President and CFO | 12,722 |
| Russell Dale Fleeger Ii | Interim VP and CFO | 4,484 |
| Gregg C. Sengstack | Director | 498,197 |
| Mark A. Carano | Director | – |
| Renee J. Peterson | Director | 5,171 |
| Jennifer L. Sherman | Director | – |
| Chris Villavarayan | Director | 5,498 |
| Alok Maskara | Director | 16,439 |
| Victor Grizzle | Director | 17,096 |
| Thomas R. Verhage | Director | 2,427 |
| David M. Wathen | Director | 0 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Gregg C.Sengstack | $0 | $0 | $1.14M | $145 | $202 |
| FY2025 Joseph A.Ruzynski | $5.07M | $4.62M | $1.14M | $145 | $202 |
| FY2024 Gregg C.Sengstack | $7.93M | $5.17M | $1.54M | $179 | $171 |
| FY2024 Joseph A.Ruzynski | $6.40M | $5.11M | $1.54M | $179 | $171 |
| FY2023 | $7.40M | $9.29M | $1.42M | $175 | $156 |
| FY2022 | $6.70M | $4.50M | $1.71M | $143 | $132 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Option awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|---|
| Joseph A. Ruzynski CEO | $900.00K | – | $2.62M | $875.12K | $558.90K | $113.06K | $5.07M | -21% |
| Jennifer A. Wolfenbarger VP & CFO | $240.39K | $75.00K | $1.10M | – | $111.96K | $176.54K | $1.70M | – |
| Russell D. Fleeger II Former Interim CFO | $230.21K | $100.00K | $156.88K | $14.20K | – | $22.84K | $524.14K | – |
| Jeffery L. Taylor Former VP and CFO | $133.75K | – | – | – | $62.29K | $22.78K | $218.82K | -89% |
| Jonathan M. Grandon VP, CAO, General Counsel and Corporate Secretary | $475.98K | – | $539.96K | $180.00K | $221.69K | $68.53K | $1.49M | -1% |
| DeLancey W. Davis VP and President, Headwater Companies | $470.43K | – | $457.50K | $152.51K | $274.50K | $95.09K | $1.45M | +14% |
| Gregory M. Levine VP and President, Global Water | $504.59K | – | $435.02K | $145.01K | $293.67K | $53.18K | $1.43M | +4% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2025, the Company had approximately 6,500 employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Sep 8, 2026 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Sep 20, 2006 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Apr 26, 2006 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
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