Franklin Financial (FRAF) CFO awarded shares, withholds stock for tax

Rhea-AI Filing Summary

Franklin Financial Services Corp Senior EVP and CFO Mark R. Hollar reported routine equity compensation and related tax withholding. He acquired 1,000 shares of Common Stock as a stock grant at $0.00 per share, then had 386 shares withheld at $51.48 per share to cover income taxes on previously vested restricted stock units. After these transactions, he directly owns 17,073 Common shares, which include shares accumulated through the company’s dividend reinvestment and employee stock purchase plans. Footnotes also note a grant of restricted stock units that will vest in three equal installments in 2027, 2028, and 2029, subject to continued service.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hollar Mark R

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior EVP, CFO

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		A		1,000(1)	A	$0	17,459(2)(3)	D
Common Stock	03/02/2026		F		386(4)	D	$51.48	17,073	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. Pursuant to the issuer's 2019 Omnibus Stock Incentive Plan, the reporting person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. RSUs vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service.

2. Total shares includes 279 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.

3. Total shares includes 188 shares acquired pursuant to the issuer's 2025 Employee Stock Purchase Plan.

4. Represents shares of Common Stock withheld by the issuer to satisfy the reporting person's income tax obligations associated with the vesting of previously reported grants of restricted stock units.

	/s/Amanda M. Ducey by Power of Attorney for Mark R. Hollar	03/03/2026
	** 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 Franklin Financial (FRAF) CFO Mark Hollar report in this Form 4?

Mark Hollar reported one stock grant and one tax-related share withholding. He received 1,000 Franklin Financial common shares at no cost and had 386 shares withheld to satisfy income taxes tied to earlier restricted stock unit vesting.

How many Franklin Financial (FRAF) shares did the CFO receive and at what price?

He was granted 1,000 shares of Franklin Financial common stock at $0.00 per share. This reflects a non-cash equity award, issued under company incentive arrangements, increasing his direct share ownership before any tax withholdings were applied.

Why were 386 Franklin Financial (FRAF) shares withheld from the CFO?

The 386 shares were withheld to cover Mark Hollar’s income tax obligations from the vesting of earlier restricted stock unit awards. Instead of paying cash, shares of common stock were retained by the issuer at $51.48 per share.

How many Franklin Financial (FRAF) shares does the CFO own after these transactions?

After the grant and tax withholding, Mark Hollar directly owns 17,073 Franklin Financial common shares. This total includes 279 shares from a dividend reinvestment and stock purchase plan and 188 shares from the 2025 employee stock purchase plan.

What restricted stock units (RSUs) were granted to the Franklin Financial (FRAF) CFO?

He was granted restricted stock units that each represent a contingent right to one common share. These RSUs vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, provided he continues his service with the company.

How are the CFO’s RSUs and shares structured at Franklin Financial (FRAF)?

Each restricted stock unit corresponds to one Franklin Financial common share upon vesting. The RSUs vest in equal thirds across 2027, 2028, and 2029. Separately, his common share holdings already include amounts accumulated through dividend reinvestment and employee stock purchase plans.