Franklin Financial director awarded 383 RSUs
Duffey Gregory A reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Duffey Gregory A reported acquisition or exercise transactions in this Form 4 filing.
Franklin Financial Services Corp. director Gregory A. Duffey received an equity award under the company’s 2019 Omnibus Stock Incentive Plan. He was granted 383 restricted stock units, each representing a right to one share of common stock, at no cash cost. These RSUs vest on the earlier of March 1, 2027 or the end of his board term. After this award, Duffey directly owns 23,642 shares of Franklin Financial common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 383 shares
Grant/Award
1 txn
Insider
Duffey Gregory A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 383 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 23,642 shares (Direct)
Footnotes (1)
- F1. 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 will vest the earlier of March 1, 2027 or end of term.
FAQ
What insider transaction did FRAF director Gregory A. Duffey report?
Gregory A. Duffey reported receiving an equity award of 383 restricted stock units in Franklin Financial Services Corp. Each unit represents a contingent right to one share of common stock, granted under the 2019 Omnibus Stock Incentive Plan at no cash purchase price.
What type of security was granted in the FRAF Form 4 filing?
The filing reports restricted stock units tied to Franklin Financial common stock. Each RSU represents a contingent right to receive one share of common stock, reflecting stock-based compensation rather than an open-market buy or sell transaction by the director.
When do Gregory A. Duffey’s FRAF restricted stock units vest?
The restricted stock units will vest on the earlier of March 1, 2027, or the end of the director’s term. Vesting is a key condition, meaning the director’s right to receive the underlying common shares depends on remaining in service until that time.
Was the FRAF director’s Form 4 transaction a market purchase or sale?
The transaction was not a market buy or sell; it was a grant of restricted stock units. The director acquired 383 RSUs at a stated price of zero, consistent with stock-based compensation under Franklin Financial’s 2019 Omnibus Stock Incentive Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.