We see a prisoner screaming while being dragged to the electric chair. The execution isn't shown.
It's cheesy fun. The "Tingler" itself is clearly being held up by strings whenever it's on screen, so any potential horror is neutered.
Several scenes of The Tingler creeping up on and attacking people by gripping their throat or arm in its powerful mandibles. Screaming paralyzes The Tingler, and so attacks rarely result in serious injury.
The Tingler, a parasitic organism, is an obvious prop, pulled along on strings, but could still be creepy or "gross" to small children.
(Deleted. Personal opinions about ratings are not appropriate for the Parents Guide.)