Franklin Electric (FELE) executive compensation, 2026 proxy

Joseph A. Ruzynski, CEO, was paid $5.1M in 2025, down 21% from $6.4M the year before. The CEO-to-median-employee pay ratio was 162:1, on median employee pay of $31,379.

Filed
March 25, 2026
Annual meeting
May 8, 2026
Pay year
2025
Named executives
7
CEO total pay
$5.1M-21% vs prior year
CEO to median employee
162:1median $31,379
Record Net Sales
$2.1BUp 5.4% from prior year
Operating Income
$269MA 10% increase
Cash Conversion
126%Robust operational cash conversion
CEO Target Bonus
$900,000Established under incentive program
Global Employees
6,415Total employee population

How Ruzynski was paid

$5.1M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Named executive officers

ExecutiveTotal
Joseph A. RuzynskiCEO$5,072,064
Jennifer A. WolfenbargerVP & CFO$1,703,946
Russell D. Fleeger IIFormer Interim CFO$524,137
Jeffery L. TaylorFormer VP and CFO$218,822
Jonathan M. GrandonVP, CAO, General Counsel and Corporate Secretary$1,486,162
DeLancey W. DavisVP and President, Headwater Companies$1,450,025
Gregory M. LevineVP and President, Global Water$1,431,471

What changed and why

  • $5.1MJoe Ruzynski received total compensation of $5,072,064 in his first full fiscal year as Chief Executive Officer.
  • $2.1BThe company achieved record full-year net sales of $2.1 billion, representing a 5.4 percent increase.
  • $269MOperating income rose by 10 percent to reach $269 million with a cash conversion of 126 percent.
  • The company established a Value Acceleration Office in late 2025 to drive margin improvement and operational excellence.
  • $31,379The CEO to median employee pay ratio was calculated as 162 to 1 based on median employee pay of $31,379.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.