Franklin Financial (NASDAQ: FRAF) EVP exercises options, lifts stake to 7,150 shares

Rhea-AI Filing Summary

Franklin Financial Services Corp. executive Lorie M. Heckman exercised stock options to acquire additional common shares. On this Form 4, the EVP and Chief Risk Officer exercised 200 incentive stock options at an exercise price of $34.10 per share, receiving 200 shares of common stock.

After the transaction, she directly holds 7,150 shares of common stock, and this total includes previously reported unvested restricted stock units. The option line shows 2,500 incentive stock options remaining outstanding under the 2013 Incentive Stock Option Plan.

Insider Trade Summary

200 shares exercised/converted

Mixed 2 txns

Insider Heckman Lorie M.

Role EVP, Chief Risk Officer

Type	Security	Shares	Price	Value
Exercise	Incentive Stock Option (Right to Buy)	200	$0.00	--
Exercise	Common Stock	200	$34.10	$7K

Holdings After Transaction: Incentive Stock Option (Right to Buy) — 2,500 shares (Direct); Common Stock — 7,150 shares (Direct)

Footnotes (1)

1. Reflects exercise of 200 options owned by the reporting person pursuant to the 2013 Incentive Stock Option Plan. Total shares includes previously reported unvested restricted stock units.

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^*

Heckman Lorie M.

(Last) (First) (Middle)

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)
	EVP, Chief Risk Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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	03/24/2026		M		200(1)	A	$34.1	7,150(2)	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
Incentive Stock Option (Right to Buy)	$34.1	03/24/2026		M			200	08/22/2018	02/22/2028	Common Stock	200	$0	2,500	D

Explanation of Responses:

1. Reflects exercise of 200 options owned by the reporting person pursuant to the 2013 Incentive Stock Option Plan.

2. Total shares includes previously reported unvested restricted stock units.

	/s/Amanda M. Ducey by Power of Attorney for Lorie M. Heckman	03/24/2026
	** 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 executive Lorie M. Heckman report on this Form 4?

Lorie M. Heckman reported exercising 200 incentive stock options to acquire 200 shares of Franklin Financial Services common stock. The filing reflects a routine derivative exercise, increasing her directly held common share position.

At what price were the Franklin Financial Services (FRAF) options exercised?

The 200 incentive stock options were exercised at an exercise price of $34.10 per share. This price was set under the 2013 Incentive Stock Option Plan and governs the cost to convert options into common stock.

How many Franklin Financial Services (FRAF) shares does Lorie M. Heckman hold after the transaction?

Following the option exercise, Lorie M. Heckman directly holds 7,150 shares of Franklin Financial Services common stock. The total explicitly includes previously reported unvested restricted stock units, as noted in the Form 4 footnotes.

What happens to Lorie M. Heckman’s options after exercising 200 FRAF options?

After exercising 200 incentive stock options, the Form 4 shows 2,500 incentive stock options remaining. These options were granted under the 2013 Incentive Stock Option Plan and continue to represent potential future common shares if later exercised.

What role does Lorie M. Heckman hold at Franklin Financial Services (FRAF)?

Lorie M. Heckman serves as Executive Vice President and Chief Risk Officer at Franklin Financial Services Corp. Her Form 4 reflects personal equity compensation activity tied to this leadership position at the company.