Franklin Financial SVP exercises 2,250 stock options
Franklin Financial Services Corp. SVP and Chief Marketing Officer Matthew D. Weaver exercised 2,250 incentive stock options for common stock at $30.00 per share on July 31, 2026 under the 2013 Incentive Stock Option Plan.
Rhea-AI Filing Summary
Franklin Financial Services Corp. SVP and Chief Marketing Officer Matthew D. Weaver exercised 2,250 incentive stock options for common stock at $30.00 per share on July 31, 2026 under the 2013 Incentive Stock Option Plan. The exercise was structured as a cashless transaction, with 1,070 shares withheld at a market price of $63.11 to fund the exercise. Weaver continues to hold options on 2,250 additional shares at a $34.10 exercise price expiring February 22, 2028.
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Insider Trade Summary
2,250 shares exercised/converted
Exercise
4 txns
Insider
Weaver Matthew D
Role
SVP, Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Incentive Stock Option (Right to Buy) | 2,250 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2, F3 | 2,250 | $30.00 | $68K |
| Exercise Price Payment | Common Stock F1, F3 | 1,070 | $63.11 | $68K |
| holding | Incentive Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Incentive Stock Option (Right to Buy) — 2,250 contracts (Direct);
Common Stock — 4,910 shares (Direct)
Footnotes (3)
- F1. Reflects shares withheld by the issuer at the market price of $63.11 per share less an exercise price of $30.00 per share to fund the cashless exercise of 2,250 options owned by the reporting person pursuant to the issuer's 2013 Incentive Stock Option Plan.
- F2. Total shares includes 16 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.
- F3. Includes previously reported unvested restricted stock units.
Key Figures
Options exercised: 2,250 shares
Option exercise price: $30.00 per share
Shares withheld: 1,070 shares
+3 more
6 metrics
Options exercised
2,250 shares
Incentive Stock Option exercise on July 31, 2026 at $30.00 per share
Option exercise price
$30.00 per share
Incentive Stock Options (Right to Buy) for 2,250 common shares
Shares withheld
1,070 shares
Withheld by issuer at $63.11 per share to fund cashless exercise
Market price for withholding
$63.11 per share
Price used to withhold 1,070 shares to cover exercise cost
Remaining option exercise price
$34.10 per share
Exercise price of remaining incentive stock options expiring February 22, 2028
Remaining option underlying shares
2,250 shares
Underlying common stock for remaining incentive stock options held directly
Key Terms
Incentive Stock Option (Right to Buy), cashless exercise, Dividend Reinvestment and Stock Purchase Plan, restricted stock units
4 terms
Incentive Stock Option (Right to Buy) financial
"Security title listed as Incentive Stock Option (Right to Buy)"
cashless exercise financial
"to fund the cashless exercise of 2,250 options owned by the reporting person"
A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.
Dividend Reinvestment and Stock Purchase Plan financial
"acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan"
A dividend reinvestment and stock purchase plan lets investors automatically use cash dividends to buy additional shares and often make extra share purchases directly from the company, usually at low or no commission. Think of it as an automatic savings plan for stock: dividends and optional contributions are turned into more shares, helping ownership grow through compounding and making regular investing simple and low-cost—key for long-term investors.
restricted stock units financial
"Includes previously reported unvested restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FRAF executive Matthew D. Weaver report?
Matthew D. Weaver exercised 2,250 incentive stock options for Franklin Financial Services common stock at $30.00 per share. The transaction occurred on July 31, 2026 and was reported as an option exercise rather than an open-market purchase or sale.
How was the FRAF option exercise by Matthew D. Weaver funded?
The option exercise was funded as a cashless transaction, with 1,070 shares of common stock withheld at a market price of $63.11 per share. These withheld shares covered the $30.00 per share exercise price for the 2,250 options.
What type of equity award did FRAF’s Matthew D. Weaver exercise?
Weaver exercised Incentive Stock Options (Right to Buy) covering 2,250 shares of Franklin Financial Services common stock. These options carried an exercise price of $30.00 per share and were granted under the company’s 2013 Incentive Stock Option Plan.
Does Matthew D. Weaver still hold options in FRAF after this transaction?
Yes. After this exercise, Weaver continues to hold incentive stock options on 2,250 shares of common stock with an exercise price of $34.10 per share, expiring on February 22, 2028, according to the reported derivative holdings.
Was the FRAF Form 4 transaction by Matthew D. Weaver under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmed, and the footnotes do not state that the transactions were made under a 10b5-1 trading plan. The report describes a cashless option exercise with shares withheld by the issuer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
