Franklin Financial (FRAF) Director Accepts 65 Shares as Fees — Form 4

Rhea-AI Filing Summary

Franklin Financial Services Corp. director Gregory A. Duffey received 65 shares of the company's common stock on 09/22/2025 in lieu of cash for part of his director fees at an effective price of $48.92 per share. After the issuance, Mr. Duffey beneficially owns 23,645 shares, which the form notes includes previously reported unvested restricted stock units. The Form 4 was signed by Amanda M. Ducey by power of attorney on 09/24/2025. The filing indicates this is a routine director compensation transaction.

Insights

Corporate Governance Expert

TL;DR: Director accepted equity in lieu of cash, aligning interests with shareholders; routine disclosure with limited immediate investor impact.

The filing shows a small equity issuance as director compensation rather than cash. Receiving 65 shares at $48.92 each is a customary governance practice to align management and director incentives with long-term shareholder value. The post-transaction beneficial ownership of 23,645 shares includes unvested restricted stock units, indicating ongoing equity-based compensation arrangements. There are no indications of unusual timing, related-party issues, or material dilution from this single, modest issuance.

Securities Analyst

TL;DR: Transaction is a minor insider stock acquisition by a director; not material to capital structure or near-term valuation.

The Form 4 reports a non-derivative acquisition of 65 shares as compensation. At the reported price of $48.92, the cash-equivalent value is modest relative to typical market capitalization of public banks. The form clarifies that the total beneficial ownership figure includes previously disclosed unvested RSUs, so there is no new information about change in option or derivative holdings. This is a routine SEC disclosure with no evident market-moving implications.

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

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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^*

Duffey Gregory A

(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)

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		65(1)	A	$48.92	23,645(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

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.

	/s/Amanda M. Ducey by Power of Attorney for Gregory A. Duffey	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 shares did Gregory A. Duffey acquire according to the Form 4 for FRAF?

The Form 4 reports acquisition of 65 shares of Franklin Financial Services Corp. common stock on 09/22/2025 received in lieu of cash director fees.

At what price were the shares reported on the FRAF Form 4?

The transaction price reported on the Form 4 is $48.92 per share.

How many shares does Gregory A. Duffey beneficially own after the reported transaction?

The filing shows Mr. Duffey beneficially owns 23,645 shares following the transaction, which includes previously reported unvested restricted stock units.

Why were the 65 shares issued to the reporting person?

The filing states the 65 shares were received in lieu of cash for a portion of the reporting person's director's fees.

Who signed the Form 4 on behalf of Gregory A. Duffey?

The Form 4 was signed /s/ Amanda M. Ducey by Power of Attorney for Gregory A. Duffey on 09/24/2025.