Stock grant and tax share withholding at Franklin Financial (FRAF)

Rhea-AI Filing Summary

Franklin Financial Services Corp. SVP and Chief HR Officer Karen K. Carmack reported equity compensation activity. On March 2, 2026, she acquired 506 shares of Common Stock at $0.00 per share as a grant under the 2019 Omnibus Stock Incentive Plan. The grant consists of restricted stock units that vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service. The filing also shows a disposition of 196 shares of Common Stock at $51.48 per share, representing shares withheld by the issuer to satisfy income tax obligations on previously reported RSU vesting. Following these transactions, Carmack directly owns 5,449 shares of Common Stock, including small amounts acquired through dividend reinvestment and the employee stock purchase plan.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Carmack Karen K

Role SVP, Chief HR Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	506	$0.00	--
Tax Withholding	Common Stock	196	$51.48	$10K
holding	Incentive Stock Option (Right to Buy)	--	--	--
holding	Incentive Stock Option (Right to Buy)	--	--	--

Holdings After Transaction: Common Stock — 5,645 shares (Direct); Incentive Stock Option (Right to Buy) — 2,250 shares (Direct)

Footnotes (1)

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. Total shares includes 81 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan. Total shares includes 9 shares acquired pursuant to the issuer's 2025 Employee Stock Purchase Plan. 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.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Carmack Karen K

(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)
	SVP, Chief HR 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		506(1)	A	$0	5,645(2)(3)	D
Common Stock	03/02/2026		F		196(4)	D	$51.48	5,449	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)	$30							08/23/2017	02/23/2027	Common Stock	2,250		2,250	D
Incentive Stock Option (Right to Buy)	$34.1							08/22/2018	02/22/2028	Common Stock	2,250		2,250	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 81 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.

3. Total shares includes 9 shares acquired pursuant to the issuer's 2025 Employee Stock Purchase Plan.

4. 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 Karen K. Carmack	03/03/2026
	** 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.

FAQ

What did Franklin Financial (FRAF) executive Karen Carmack report in this Form 4?

Karen K. Carmack reported an equity award and related tax withholding. She received 506 shares as a restricted stock unit grant and had 196 shares withheld to cover income taxes from earlier RSU vesting.

How many Franklin Financial (FRAF) shares did Karen Carmack acquire in the latest filing?

She acquired 506 shares of Franklin Financial Common Stock at no cost as a grant. These shares are tied to restricted stock units that vest in three equal installments between March 2027 and March 2029, subject to continued service.

Why were 196 Franklin Financial (FRAF) shares disposed of in Karen Carmack’s Form 4?

The 196 shares were withheld by Franklin Financial to pay income taxes on previously vested restricted stock units. This tax-withholding disposition uses company shares instead of cash to satisfy the reporting person’s tax obligations.

What is the vesting schedule for Karen Carmack’s new Franklin Financial (FRAF) RSUs?

The restricted stock units vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029. Vesting is contingent on continued service with Franklin Financial over this multi‑year period.

How many Franklin Financial (FRAF) shares does Karen Carmack directly own after these transactions?

After the reported grant and tax withholding, Karen Carmack directly owns 5,449 shares of Franklin Financial Common Stock. This total includes small amounts acquired through the company’s dividend reinvestment and employee stock purchase plans.

Under which plan were Karen Carmack’s Franklin Financial (FRAF) RSUs granted?

Her restricted stock units were granted under Franklin Financial’s 2019 Omnibus Stock Incentive Plan. Each RSU represents a contingent right to receive one share of Common Stock if vesting conditions and continued service requirements are met.