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

Rhea-AI Filing Summary

Franklin Financial Services Corp (FRAF) director Stanley J. Kerlin reported a non-derivative acquisition of 160 shares of the issuer's common stock on 09/22/2025 at a reported price of $48.92 per share, with the shares received in lieu of cash for part of his director's fees.

Following this transaction the reporting person beneficially owns 26,255 shares, a total that includes previously reported unvested restricted stock units and 75 shares acquired under the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.

Positive

• Director aligned with shareholders by electing to receive a portion of director fees in company stock (160 shares).
• Beneficial ownership disclosed clearly: 26,255 total shares including unvested restricted stock units and participation in the DRIP (75 shares).

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation converted to equity, reinforcing pay alignment without signaling material ownership change.

The filing shows a standard practice where director fees are taken in stock rather than cash; 160 shares were acquired at $48.92 each on 09/22/2025. The total beneficial ownership of 26,255 shares includes unvested restricted stock units and small participation in the company's DRIP, indicating existing long-term incentive structures. This is a routine, non-disclosable change for governance concerns and does not reflect a change in control or a material shift in insider position.

Securities/Market Analyst

TL;DR: Small, routine insider acquisition via compensation deferral; immaterial to market valuation.

The transaction is an acquisition of 160 shares at $48.92 as compensation in lieu of cash, recorded on 09/22/2025. With a post-transaction beneficial ownership of 26,255 shares, including unvested RSUs and 75 DRIP shares, this disclosure documents compensation mechanics rather than an opportunistic purchase. From a market-impact perspective, the size of the purchase is not material relative to typical public float and thus unlikely to affect valuation or liquidity.

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^*

Kerlin Stanley J

(Last) (First) (Middle)

1500 NITTERHOUSE DRIVE

PO BOX 6010

(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		160(1)	A	$48.92	26,255(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 75 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.

	/s/Amanda M. Ducey by Power of Attorney for Stanley J. Kerlin	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 transaction did Stanley J. Kerlin report on Form 4 for FRAF?

He reported an acquisition of 160 shares of common stock on 09/22/2025 at a price of $48.92 per share, received in lieu of cash director fees.

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

The filing reports beneficial ownership of 26,255 shares, which includes previously reported unvested restricted stock units and 75 shares from the 2010 DRIP.

Were the shares acquired as part of a purchase or as compensation?

The 160 shares were received in lieu of cash for a portion of the reporting person's director's fees, per the filing explanation.

Does the Form 4 show any derivative transactions or options for this reporting person?

No; Table II for derivative securities contains no transactions in this filing, indicating only non-derivative common stock was reported.