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

Rhea-AI Filing Summary

Kevin W. Craig, a director of Franklin Financial Services Corp (FRAF), reported a non-derivative acquisition on 09/22/2025. The filing shows 221 shares of common stock were received in lieu of cash for part of his director fees at an effective price of $48.92 per share. After the transaction, Mr. Craig beneficially owned 26,459 shares, a total that includes previously reported unvested restricted stock units and 168 shares acquired under the company’s 2010 Dividend Reinvestment and Stock Purchase Plan. The Form 4 was signed by power of attorney on 09/24/2025.

Positive

• Director compensation converted to equity (221 shares) which aligns director interests with shareholders
• Clear disclosure of total beneficial ownership (26,459 shares) including unvested RSUs and DRIP shares
• Transaction documented with price ($48.92 per share) and executed via permitted procedures

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider compensation converted to equity; ownership remains modest and consistent with director compensation practices.

The reported 221-share acquisition reflects director fees paid in stock rather than cash, a common governance practice that aligns management and director interests with shareholders. The effective price shown ($48.92) is the per-share valuation for the transaction; the filing does not disclose market timing or impact on outstanding shares. The reporting of 26,459 total shares, including unvested RSUs and 168 DRIP shares, provides a clear snapshot of current beneficial ownership without indicating material change to control or dilution.

Corporate Governance Expert

TL;DR: Standard disclosure of director compensation and beneficial ownership; no governance red flags in the filing.

Receiving director fees in equity is a standard practice to promote alignment with shareholder interests. The Form 4 lists the nature of the award and components of beneficial ownership (unvested RSUs and DRIP shares), meeting disclosure expectations under Section 16. The filing is signed by power of attorney, which is acceptable and noted in the document. There is no indication of unusual transactions, loans, or related-party transfers in this filing.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Craig Kevin W

(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	26,459(2)(3)	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.

3. Total shares includes 168 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.

	/s/Amanda M. Ducey by Power of Attorney for Kevin W. Craig	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 the Form 4 for FRAF disclose about Kevin W. Craig's transaction?

The Form 4 shows Mr. Craig received 221 shares on 09/22/2025 in lieu of cash director fees at an effective price of $48.92 per share.

How many shares does Kevin W. Craig beneficially own after the reported transaction?

The filing reports 26,459 shares beneficially owned following the transaction, which includes unvested restricted stock units and 168 shares from the issuer’s 2010 Dividend Reinvestment and Stock Purchase Plan.

Was the Form 4 for FRAF signed and when was it filed?

The Form 4 was signed by power of attorney (Amanda M. Ducey) for Kevin W. Craig and dated 09/24/2025.

Why were the 221 shares issued to the director?

The shares were received in lieu of cash for a portion of the reporting person’s director fees, per the explanation in the filing.

Does the filing indicate any derivative transactions or sales by the director?

No. The Form 4 shows only a non-derivative acquisition of common stock; Table II for derivatives contains no entries.