Franklin Financial (FRAF) director receives 102-share stock fee award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Franklin Financial Services Corp. director Gregory I. Snook reported receiving 102 shares of common stock on June 29, 2026. The shares were granted in lieu of cash for a portion of his director fees at a value of $63.21 per share.
After this award, Snook directly holds 9,536 shares of Franklin Financial common stock, which the disclosure states includes 18 shares acquired through the 2010 Dividend Reinvestment and Stock Purchase Plan and previously reported unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Snook Gregory I
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 102 | $63.21 | $6K |
Holdings After Transaction:
Common Stock — 9,536 shares (Direct, null)
Footnotes (1)
- These shares were received in lieu of cash for a portion of the reporting person's director's fees. Total shares includes 18 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan. Includes previously reported unvested restricted stock units.
Key Figures
Stock award size: 102 shares
Grant value per share: $63.21 per share
Shares held after transaction: 9,536 shares
+1 more
4 metrics
Stock award size
102 shares
Common stock granted in lieu of director fees on June 29, 2026
Grant value per share
$63.21 per share
Valuation used for the 102-share director fee award
Shares held after transaction
9,536 shares
Total direct Franklin Financial common stock holdings after award
Dividend reinvestment shares
18 shares
Acquired under the 2010 Dividend Reinvestment and Stock Purchase Plan
Key Terms
director's fees, Dividend Reinvestment and Stock Purchase Plan, restricted stock units, Grant, award, or other acquisition
4 terms
director's fees financial
"These shares were received in lieu of cash for a portion of the reporting person's director's fees."
Dividend Reinvestment and Stock Purchase Plan financial
"Total shares includes 18 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan."
A dividend reinvestment and stock purchase plan lets investors automatically use cash dividends to buy additional shares and often make extra share purchases directly from the company, usually at low or no commission. Think of it as an automatic savings plan for stock: dividends and optional contributions are turned into more shares, helping ownership grow through compounding and making regular investing simple and low-cost—key for long-term investors.
restricted stock units financial
"Includes previously reported unvested restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Gregory I. Snook report for FRAF?
Gregory I. Snook reported receiving 102 shares of Franklin Financial common stock. The shares were granted as part of his director compensation, taken in stock instead of cash, at a stated value of $63.21 per share on June 29, 2026.
Was Gregory I. Snook’s latest FRAF transaction a market purchase or a compensation award?
The transaction was a compensation-related stock award, not a market purchase. The 102 shares of Franklin Financial common stock were received in lieu of cash for part of Snook’s director fees, as described in the Form 4 footnotes.