Franklin Financial (FRAF) SVP awarded 628 RSUs, 179 shares withheld for taxes

Rhea-AI Filing Summary

Franklin Financial Services Corp. SVP Louis J. Giustini reported equity compensation activity and a related tax-withholding share disposition. He received a grant of 628 restricted stock units under the 2019 Omnibus Stock Incentive Plan, each representing one future share of Common Stock. These RSUs vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service. To cover income tax obligations from previously reported RSU vesting, 179 shares of Common Stock were withheld by the issuer at a price of $51.48 per share, leaving Giustini with 1,847 directly owned shares, including 10 acquired through the 2010 Dividend Reinvestment and Stock Purchase Plan.

Insights

Equity compensation and governance analyst

Routine RSU grant with tax withholding; no clear thesis impact.

Senior vice president Louis J. Giustini received 628 restricted stock units tied to Franklin Financial Services Corp. common stock, vesting annually on March 1, 2027, March 1, 2028, and March 1, 2029, contingent on continued service. This reflects standard long-term incentive design.

The Form 4 also shows a disposition of 179 shares valued at $51.48 per share, explicitly designated as shares withheld to satisfy income tax obligations from earlier RSU vesting. Because this is a non-market, tax-driven transaction, it does not signal open-market selling behavior.

After these transactions, Giustini directly owns 1,847 shares of common stock, including 10 shares accumulated via a dividend reinvestment and stock purchase plan. Subsequent company filings may provide additional detail on future equity awards or changes in ownership levels for senior executives.

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^*

Giustini Louis J

(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)
	SVP, CRSO

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		628(1)	A	$0	2,026(2)	D
Common Stock	03/02/2026		F		179(3)	D	$51.48	1,847	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 10 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.

3. 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 Louis J. Giustini	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 equity award did Franklin Financial (FRAF) executive Louis J. Giustini receive?

Louis J. Giustini received 628 restricted stock units, each representing one future share of Franklin Financial common stock. The award was granted under the 2019 Omnibus Stock Incentive Plan as part of his long-term equity compensation.

When do Louis J. Giustini’s new Franklin Financial RSUs vest?

The 628 RSUs vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029. Vesting is contingent on Giustini’s continued service with Franklin Financial Services Corp. during this period.

Why were 179 Franklin Financial (FRAF) shares disposed of in Giustini’s Form 4?

The 179 shares were withheld by Franklin Financial to satisfy Louis J. Giustini’s income tax obligations tied to vesting of earlier RSU grants. This tax-withholding disposition is not an open-market sale by the executive.

How many Franklin Financial shares does Louis J. Giustini own after these transactions?

Following the RSU grant and tax-withholding disposition, Louis J. Giustini directly owns 1,847 Franklin Financial common shares. This total includes 10 shares acquired through the company’s 2010 Dividend Reinvestment and Stock Purchase Plan.

What plan governs Louis J. Giustini’s new restricted stock units at Franklin Financial?

Giustini’s 628 restricted stock units were granted under Franklin Financial’s 2019 Omnibus Stock Incentive Plan. The RSUs convert into one share of common stock each upon vesting, assuming he continues to meet service conditions.