Franklin Financial (NASDAQ: FRAF) CEO boosts holdings with ESPP stock purchase

Rhea-AI Filing Summary

Franklin Financial Services Corp. CEO Craig W. Best increased his direct ownership of common stock through the company’s 2025 Employee Stock Purchase Plan. He acquired 246 shares at a price of $47.51 per share for the ESPP period from December 1, 2025 through May 31, 2026.

Following this transaction, he directly holds 17,559 shares of common stock, which includes previously reported unvested restricted stock units. This is a routine, compensation-related share acquisition rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BEST CRAIG W

Role CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	246	$47.51	$12K

Holdings After Transaction: Common Stock — 17,559 shares (Direct, null)

Footnotes (1)

1. Shares purchased pursuant to the Franklin Financial Services Corporation 2025 Employee Stock Purchase Plan ("ESPP")for the ESPP purchase period of December 1, 2025 through May 31, 2026. In accordance with the ESPP, these shares were purchased at a price equal to 90% of the closing price of the issuer's common stock on December 1, 2025. Includes previously reported unvested restricted stock units.

Key Figures

Shares acquired: 246 shares Purchase price: $47.51 per share Post-transaction holdings: 17,559 shares +1 more

4 metrics

Shares acquired 246 shares ESPP purchase period Dec. 1, 2025–May 31, 2026

Purchase price $47.51 per share Price for ESPP common stock purchase

Post-transaction holdings 17,559 shares Direct common stock ownership after transaction, includes unvested RSUs

ESPP discount 90% of closing price Price based on 90% of Dec. 1, 2025 closing price

Key Terms

Employee Stock Purchase Plan, restricted stock units, Common Stock

3 terms

Employee Stock Purchase Plan financial

"Shares purchased pursuant to the Franklin Financial Services Corporation 2025 Employee Stock Purchase Plan ("ESPP")"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

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.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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^*

BEST CRAIG W

(Last) (First) (Middle)

C/O FRANKLIN FINANCIAL SERVICES CORP.

1500 NITTERHOUSE DRIVE

(Street)

CHAMBERSBURG PENNSYLVANIA 17201

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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

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

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

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	06/01/2026		A(1)		246	A	$47.51(2)	17,559(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. Shares purchased pursuant to the Franklin Financial Services Corporation 2025 Employee Stock Purchase Plan ("ESPP")for the ESPP purchase period of December 1, 2025 through May 31, 2026.

2. In accordance with the ESPP, these shares were purchased at a price equal to 90% of the closing price of the issuer's common stock on December 1, 2025.

3. Includes previously reported unvested restricted stock units.

	/s/Amanda M. Ducey by Power of Attorney for Craig W. Best	06/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did FRAF CEO Craig W. Best report in this Form 4?

Craig W. Best reported acquiring 246 shares of Franklin Financial Services common stock. The shares were obtained through the company’s 2025 Employee Stock Purchase Plan, reflecting a routine compensation-related increase in his direct equity stake rather than an open-market stock purchase.

How many FRAF shares did Craig W. Best acquire and at what price?

Craig W. Best acquired 246 shares of Franklin Financial Services common stock at $47.51 per share. The acquisition occurred under the 2025 Employee Stock Purchase Plan for the purchase period running from December 1, 2025 through May 31, 2026.

What is Craig W. Best’s total FRAF shareholding after the transaction?

After the reported transaction, Craig W. Best directly holds 17,559 shares of Franklin Financial Services common stock. This figure includes previously reported unvested restricted stock units, giving investors a consolidated view of his direct and equity-based compensation-related holdings.

Was the FRAF CEO’s acquisition an open-market buy?

The acquisition was not an open-market purchase. The filing states the 246 shares were purchased under Franklin Financial Services Corporation’s 2025 Employee Stock Purchase Plan, at a price set by plan rules rather than through discretionary buying on the open market.

How was the ESPP purchase price for FRAF shares determined?

The filing explains that ESPP shares were purchased at 90% of the closing price of Franklin Financial Services common stock on December 1, 2025. The reported transaction price of $47.51 per share reflects this plan-based discount mechanism for eligible employees, including the CEO.