[Form 4] FRANKLIN FINANCIAL SERVICES CORP /PA/ Insider Trading Activity

Rhea-AI Filing Summary

Franklin Financial Services director Daniel J. Fisher reported a Form 4 disclosing receipt of 221 shares of the issuer's common stock on 09/22/2025 as payment in lieu of cash for a portion of his director fees. The transaction price is reported as $48.92 per share. After the transaction, Mr. Fisher beneficially owns 29,497 shares, a total that the filer notes includes previously reported unvested restricted stock units. The Form 4 was signed by Amanda M. Ducey by power of attorney on 09/24/2025.

Positive

• Director compensation converted to equity aligns management incentives with shareholders
• Timely filing executed and signed by power of attorney on 09/24/2025

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation converted to equity; modest change in insider stake, typical governance practice.

The filing records a common practice where director fees are paid in stock rather than cash, aligning director and shareholder interests without materially changing ownership. The 221-share award at $48.92 is small relative to total ownership of 29,497 shares and includes prior unvested restricted stock units in the reported total. There is no indication of dispositions or derivative transactions and no governance irregularities disclosed in this form.

Securities Analyst

TL;DR: Minor insider acquisition through compensation; unlikely to materially affect valuation or control.

The transaction increases insider exposure modestly and reflects compensation structure rather than an open-market purchase. The reported per-share value provides a precise measure of the equity component of director pay for this event. No options, sales, or other material transactions are shown. Reporting was completed via power of attorney, which is routine for timely filings.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Fisher Daniel J

(Last) (First) (Middle)

1500 NITTERHOUSE DRIVE

(Street)

CHAMBERSBURG PA 17201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FRANKLIN FINANCIAL SERVICES CORP /PA/ [ FRAF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/22/2025		A		221(1)	A	$48.92	29,497(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were received in lieu of cash for a portion of the reporting person's director's fees.

2. Includes previously reported unvested restricted stock units.

	/s/Amanda M. Ducey by Power of Attorney for Daniel J. Fisher	09/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Daniel J. Fisher report on Form 4 for FRAF?

He reported receipt of 221 shares of common stock on 09/22/2025 paid in lieu of cash for director fees.

At what price were the shares reported?

The transaction is reported at a price of $48.92 per share.

How many shares does the reporting person beneficially own after the transaction?

The Form 4 reports 29,497 beneficially owned shares, which includes previously reported unvested restricted stock units.

Who signed the Form 4 and when?

The Form 4 was signed by Amanda M. Ducey by power of attorney for Daniel J. Fisher on 09/24/2025.

Does the Form 4 show any derivative transactions or dispositions?

No. The filing shows a non-derivative acquisition only and no dispositions or derivative securities.