Franklin Financial director granted 39 FRAF shares

Franklin Financial Services Corp. director Elliott G. Warren reported a stock-based compensation grant rather than an open-market trade.

Rhea-AI Filing Summary

Franklin Financial Services Corp. director Elliott G. Warren reported a stock-based compensation grant rather than an open-market trade. He received 39 shares of Common Stock at $63.21 per share in lieu of a portion of his director fees, increasing his direct holdings to 18,151 shares.

The filing also notes 336 shares of Common Stock held indirectly by an adult child living in his home, for which he disclaims beneficial ownership except to the extent of any pecuniary interest. Total direct holdings include 100 shares acquired under the company’s 2010 Dividend Reinvestment and Stock Purchase Plan and previously reported unvested restricted stock units.

Insights

Equity compensation analyst

Routine director stock compensation with no open-market trading.

The filing shows Elliott G. Warren, a director of Franklin Financial Services Corp., receiving 39 Common Stock shares at $63.21 per share as compensation in lieu of cash director fees. This is coded as an award (A), not a market purchase.

After this grant, his direct ownership rises to 18,151 shares, while 336 additional shares are held indirectly by an adult child, with beneficial ownership largely disclaimed. With no buying or selling in the open market and no derivative activity, this appears to be standard board compensation rather than a signal-driven trade.

Insider Trade Summary

Grant/Award: 39 shares

Grant/Award 2 txns

Insider ELLIOTT G WARREN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	39	$63.21	$2K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 18,151 shares (Direct); Common Stock — 336 shares (Indirect, See Footnote)

Footnotes (4)

1. F1. These shares were received in lieu of cash for a portion of the reporting person's director's fees.
2. F2. Total shares includes 100 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.
3. F3. Includes previously reported unvested restricted stock units.
4. F4. These shares are held by the reporting person's adult child living in the home. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.

Key Figures

Stock award shares: 39 shares Award price per share: $63.21 per share Direct holdings after grant: 18,151 shares +2 more

5 metrics

Stock award shares 39 shares Common Stock grant in lieu of director fees

Award price per share $63.21 per share Value used for the 39-share director fee grant

Direct holdings after grant 18,151 shares Common Stock directly owned after the reported award

Indirectly held shares 336 shares Common Stock held by adult child; beneficial ownership disclaimed

DRIP plan shares 100 shares Acquired under 2010 Dividend Reinvestment and Stock Purchase Plan

Key Terms

grant/award acquisition, Dividend Reinvestment and Stock Purchase Plan, restricted stock units, beneficial ownership

4 terms

grant/award acquisition financial

"transaction_action" : "grant/award acquisition""

Dividend Reinvestment and Stock Purchase Plan financial

"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.

beneficial ownership financial

"The reporting person disclaims beneficial ownership of these shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

What did Elliott G. Warren report in his latest Form 4 for FRAF?

Elliott G. Warren reported receiving 39 shares of Franklin Financial Services Corp. Common Stock as a stock-based award. The shares were granted in lieu of part of his director fees, increasing his directly held position to 18,151 shares of Common Stock after the transaction.

Was the FRAF Form 4 for Elliott G. Warren an open-market stock purchase?

No, the Form 4 does not show an open-market purchase. It records a grant of 39 Common Stock shares at $63.21 per share, received instead of cash for director fees. This is compensation-related, not a discretionary buy in the open market by the director.

How many Franklin Financial (FRAF) shares does Elliott G. Warren own after this filing?

Following the reported grant, Elliott G. Warren directly owns 18,151 shares of Franklin Financial Common Stock. This direct total includes 100 shares acquired under the 2010 Dividend Reinvestment and Stock Purchase Plan and previously reported unvested restricted stock units held for his benefit.

What is the significance of the 39-share award in Elliott G. Warren’s FRAF filing?

The 39-share award reflects routine director compensation paid in stock rather than cash. Each share is valued at $63.21, and the transaction is coded as a grant or award. Such awards are typical for board members and usually do not indicate a change in investment outlook.

What indirect holdings are disclosed for Elliott G. Warren in FRAF stock?

The Form 4 shows 336 shares of Franklin Financial Common Stock held indirectly by his adult child living in the home. The filing states that Warren disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest he may have in them.

Does Elliott G. Warren’s Form 4 for FRAF include any option exercises or derivative trades?

No, the filing does not report any option exercises or derivative transactions. The derivative summary is empty, and the only new activity is a 39-share Common Stock grant. One additional entry simply updates indirect holdings information without reflecting a new transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/29/2026 - 01:18 PM Learn about SEC filing dates

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^*

ELLIOTT G WARREN

(Last) (First) (Middle)

1500 NITTERHOUSE DRIVE

(Street)

CHAMBERSBURG PENNSYLVANIA 17201-6010

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/29/2026		A		39(1)	A	$63.21	18,151(2)(3)	D
Common Stock								336	I	See Footnote(4)

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. Total shares includes 100 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.

3. Includes previously reported unvested restricted stock units.

4. These shares are held by the reporting person's adult child living in the home. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.

	/s/Amanda M. Ducey by Power of Attorney for G. Warren Elliott	06/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)