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Franklin Electric CO Executive Compensation (FY25)

FELE · Fort Wayne, IN · Executive and director compensation, fiscal 2022 to 2025

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Data as of September 19, 2026Latest filing (8-K): May 11, 2026
14 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Franklin Electric CO brief$1,500Get the executive brief
294 figures on this page: 284 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Joseph Ruzynski
Median of the other named officers
$1,440,748
6 officers, excluding the chief executive
Latest say-on-pay support
=
May 8, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Joseph Ruzynski: $6,399,979 → $5,072,064 (20.7% lower)
Say-on-pay support: 93.8% → 95.1% (1.3 points higher)
CEO pay ratio: 251.2:1 → 162:1 (35.5% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Franklin Electric CO's chief executive and what were they paid?
Joseph Ruzynski, Chief Executive Officer, received $5,072,064 in total compensation for fiscal 2025. Compared with the $6,399,979 reported for fiscal 2024, Ruzynski's total was 20.7% lower.
What was Franklin Electric CO's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 95.1% of votes cast for or against in favor at the meeting held May 8, 2026.
Which companies are in Franklin Electric CO's peer group?
The disclosed peer group names Chart Industries, Inc., Crane Holdings Co., Curtiss-Wright Corporation, Donaldson Company, Inc. and ESCO Technologies, Inc., among others.
What is Franklin Electric CO's chief executive pay ratio?
The company reported a chief executive pay ratio of 162:1 for fiscal 2025, against median employee compensation of $31,379.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregg Sengstack
Executive Chairperson of the Company, Chair of the Board and Former Chief Executive Officer (CEO)
◇—◇◇◇◇◇◇
Jeffery Taylor
VP, Chief Financial Officer (CFO)
◇—◇—◇—◇◇
Jonathan Grandon
VP, Chief Administrative Officer (CAO), General Counsel and Corporate Secretary
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregg Sengstack
Executive Chairperson of the Company, Chair of the Board and Former Chief Executive Officer (CEO)
◇—◇◇◇◇◇◇
Jeffery Taylor
VP, Chief Financial Officer (CFO)
◇◇◇◇◇—◇◇
Jonathan Grandon
VP, Chief Administrative Officer (CAO), General Counsel and Corporate Secretary
◇—◇◇◇—◇◇
DeLancey Davis
VP and President, Headwater Companies
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregg Sengstack
Executive Chairperson of the Company, Chair of the Board and Former Chief Executive Officer (CEO)
Departed during or after this year
◇—◇◇◇◇◇◇
Joseph Ruzynski
Chief Executive Officer (CEO)
◇◇◇◇◇—◇◇
Jeffery Taylor
VP, Chief Financial Officer (CFO)
◇—◇◇◇—◇◇
Jonathan Grandon
VP, Chief Administrative Officer (CAO), General Counsel and Corporate Secretary
◇—◇◇◇—◇◇
Gregory Levine
VP and President, Global Water
◇—◇◇◇—◇◇
DeLancey Davis
VP and President, Headwater Companies
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph Ruzynski
Chief Executive Officer
◇—◇◇◇—◇◇
Jennifer Wolfenbarger
VP, Chief Financial Officer
◇◇◇—◇—◇◇
Jonathan Grandon
VP, Chief Administrative Officer, General Counsel and Corporate Secretary
◇—◇◇◇—◇◇
DeLancey Davis
VP and President, Headwater Companies
◇—◇◇◇—◇◇
Gregory Levine
VP and President, Global Water
◇—◇◇◇—◇◇
Russell Fleeger
Former Interim CFO
Departed during or after this year
Served on an interim basis
◇◇◇◇——◇◇
Jeffery Taylor
Former VP and CFO
Departed during or after this year
◇———◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
DeLancey W. DavisOPTION◇——◇—◇◇
Gregory M. LevinePSU◇—◇—◇—◇
Gregory M. LevineOPTION◇——◇—◇◇
Jennifer A. WolfenbargerRSU◇——◇——◇
Jonathan M. GrandonOPTION◇——◇—◇◇
Jonathan M. GrandonPSU◇—◇—◇—◇
Joseph A. RuzynskiPSU◇—◇—◇—◇
Joseph A. RuzynskiOPTION◇——◇—◇◇
Russell D. Fleeger IIOPTION◇——◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Gregory LevineOption◇—◇—
PSU◇◇——
RSU◇◇——
Option◇—◇—
Jennifer WolfenbargerRSU◇◇——
Joseph RuzynskiPSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Jonathan GrandonPSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Jeffery TaylorRSU◇◇——
DeLancey DavisPSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
DeLancey Davis
VP and President, Headwater Companies · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-solicit period◇
Gregory Levine
VP and President, Global Water · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-solicit period◇
Jennifer Wolfenbarger
VP, Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-solicit period◇
Jonathan Grandon
VP, Chief Administrative Officer, General Counsel and Corporate Secretary · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregg C. Sengstack
◇◇———◇◇
Jennifer L. Sherman
Board chair
◇◇————◇
Alok Maskara
◇◇————◇
Renee J. Peterson
◇◇————◇
Victor D. Grizzle
◇◇————◇
Chris Villavarayan
◇◇————◇
Mark A. Carano
◇◇————◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Stock (immediately vesting).

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Chart Industries, Inc. GTLS
  • Crane Holdings Co. CR
  • Curtiss-Wright Corporation CW
  • Donaldson Company, Inc. DCI
  • ESCO Technologies, Inc. ESE
  • Graco, Inc. GGG
  • Helios Technologies, Inc. HLIO
  • Hillenbrand, Inc. HI
  • IDEX Corporation IEX
  • ITT, Inc. ITT
  • Kadant Inc. KAI
  • Lindsay Corporation LNN
  • Mueller Water Products, Inc. MWA
  • Nordson Corporation NDSN
  • Pentair plc PNR
  • RBC Bearings, Inc. RBC
  • Standex International Corp. SXI
  • The Timken Co. TKR
  • TriMas Corporation TRS
  • Vontier Corporation VNT
  • Watts Water Technologies, Inc. WTS
  • Woodward, Inc. WWD
  • Zurn Elkay Water Solutions Corp ZWS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 8, 2026=◇◇◇
2024May 2, 2025=◇◇◇
2023May 3, 2024=◇◇◇
2022May 5, 2023=◇◇◇
2021May 6, 2022=◇◇◇
2020May 7, 2021=◇◇◇
2019May 8, 2020=◇◇◇
2018May 3, 2019=◇◇◇
2017May 4, 2018=◇◇◇
2016May 5, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Franklin Electric CO disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Franklin Electric CO sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
294 figures on this page: 284 cited to the filing that reported them, 10 calculated from figures it prints.
284 cited to the filing
10 calculated from the filing

Documents cited

  1. 0000038725-26-000030
  2. 0000038725-26-000017
    Compensation Discussion and Analysis · DIRECTOR COMPENSATION · Director Compensation · Grants of Plan-Based Awards · and 1 more section
  3. 0000038725-25-000088
  4. 0000038725-25-000060
    Summary Compensation Table
  5. 0000038725-24-000096
  6. 0000038725-24-000062
    Summary Compensation Table
  7. 0000038725-23-000092
  8. 0000038725-23-000051
  9. 0000038725-22-000082
  10. 0000038725-21-000096
  11. 0000038725-20-000119
  12. 0000038725-19-000124
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000038725-18-000090
  14. 0000038725-17-000111
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Franklin Electric CO executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FELE (accessed 2026).
Short form: data: Velarion

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Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
14 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Franklin Electric CO discloses

The companies named in FELE's own disclosed peer group.

Chart Industries, Inc.Crane Holdings Co.Curtiss-Wright CorporationDonaldson Company, Inc.ESCO Technologies, Inc.Graco, Inc.Helios Technologies, Inc.Hillenbrand, Inc.IDEX CorporationITT, Inc.Kadant Inc.Lindsay CorporationMueller Water Products, Inc.Nordson CorporationPentair plcRBC Bearings, Inc.Standex International Corp.The Timken Co.TriMas CorporationVontier CorporationWatts Water Technologies, Inc.Woodward, Inc.Zurn Elkay Water Solutions Corp

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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