Franklin Financial (FRAF) EVP awarded 426 RSUs, 173 shares withheld

Rhea-AI Filing Summary

Franklin Financial Services EVP and Chief Risk Officer Lorie M. Heckman reported equity compensation activity. She received 426 restricted stock units under the 2019 Omnibus Stock Incentive Plan, which vest in three equal installments on March 1 of 2027, 2028, and 2029, subject to continued service. The filing also shows 173 shares of Common Stock were withheld at $51.48 per share to satisfy income tax obligations from previously reported RSU vesting, leaving her with 6,950 directly held shares of Common Stock and 2,700 Incentive Stock Options.

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

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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^*

Heckman Lorie M.

(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)
	EVP, Chief Risk Officer

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		426(1)	A	$0	7,123(2)	D
Common Stock	03/02/2026		F		173(3)	D	$51.48	6,950	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							08/22/2018	02/22/2028	Common Stock	2,700		2,700	D

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 110 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 Lorie M. Heckman	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did FRAF executive Lorie Heckman report on this Form 4?

Lorie Heckman reported a grant of 426 restricted stock units and a withholding of 173 Common Stock shares. The withholding covered income taxes tied to earlier RSU vesting, rather than an open-market sale, and her directly held shares changed to 6,950 afterward.

How many restricted stock units did FRAF grant to Lorie Heckman and when do they vest?

Franklin Financial granted Lorie Heckman 426 restricted stock units under its 2019 Omnibus Stock Incentive Plan. Each unit represents one Common Share and vests in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service.

Was the 173-share disposition by Lorie Heckman in FRAF stock an open-market sale?

No, the 173-share disposition was a tax-withholding transaction, not an open-market sale. The shares were withheld by Franklin Financial to satisfy Heckman’s income tax obligations arising from the vesting of previously reported restricted stock unit grants.

What is Lorie Heckman’s FRAF Common Stock and option position after these transactions?

After these transactions, Lorie Heckman directly holds 6,950 shares of Franklin Financial Common Stock. She also holds Incentive Stock Options covering 2,700 shares, as shown in the derivative securities section labeled "Incentive Stock Option (Right to Buy)."

Under which plan did FRAF grant restricted stock units to Lorie Heckman?

The restricted stock units were granted under Franklin Financial’s 2019 Omnibus Stock Incentive Plan. Each RSU provides a contingent right to receive one Common Share, with vesting spread over three annual installments beginning March 1, 2027, assuming continued service.