Director at Franklin Financial (FRAF) granted 334 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rzomp Kimberly reported acquisition or exercise transactions in this Form 4 filing.
Franklin Financial Services Corp. director Kimberly Rzomp reported an automatic stock award under the company’s 2019 Omnibus Stock Incentive Plan. She received 334 restricted stock units (RSUs), each representing one future share of common stock. The RSUs vest on the earlier of March 1, 2027 or the end of her board term, bringing her direct holdings to 6,185 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rzomp Kimberly
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 334 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 6,185 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Franklin Financial (FRAF) report on this Form 4?
The Form 4 reports a stock award to director Kimberly Rzomp. She received 334 restricted stock units (RSUs), each representing one future share of Franklin Financial common stock, under the 2019 Omnibus Stock Incentive Plan.
When do Kimberly Rzomp’s RSUs reported by FRAF vest?
The RSUs vest on the earlier of March 1, 2027 or the end of Kimberly Rzomp’s board term. Vesting means the contingent RSUs convert into actual Franklin Financial common shares at that time, assuming all plan conditions are satisfied.
Is the FRAF Form 4 a stock purchase or a grant to the director?
The filing reflects a grant, not an open-market stock purchase. Kimberly Rzomp received 334 restricted stock units as a board award under the 2019 Omnibus Stock Incentive Plan, rather than buying shares directly in the market.
What plan governs the RSU award in Franklin Financial’s (FRAF) Form 4?
The award was made under Franklin Financial’s 2019 Omnibus Stock Incentive Plan. This plan allows the company to grant equity-based awards such as restricted stock units to directors and other eligible participants as part of their compensation.
What is Kimberly Rzomp’s total reported ownership in FRAF after this transaction?
After the RSU grant, Kimberly Rzomp’s direct ownership is reported as 6,185 shares of Franklin Financial common stock. This total reflects her holdings following the addition of the 334 restricted stock units disclosed in the transaction.