Franklin Financial CTO receives stock grant, withholdings
Franklin Financial Services Corp. senior vice president and chief technology officer David M. Long reported equity compensation-related transactions in the company’s common stock.
Rhea-AI Filing Summary
Franklin Financial Services Corp. senior vice president and chief technology officer David M. Long reported equity compensation-related transactions in the company’s common stock. He acquired 542 shares at no cost in a grant or award under the 2019 Omnibus Stock Incentive Plan and now directly holds 1,582 shares. As part of this filing, 169 shares were withheld by the issuer at a price of $51.48 per share to cover income tax obligations tied to the vesting of previously reported restricted stock units. Footnotes note that his total direct holdings include 6 shares acquired through the 2010 Dividend Reinvestment and Stock Purchase Plan. The reported RSUs vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 542 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 169 | $51.48 | $9K |
Footnotes (3)
- 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 vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service.
- F2. Total shares includes 6 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.
- F3. 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.
FAQ
What did Franklin Financial Services (FRAF) executive David M. Long report in this Form 4?
What is the vesting schedule for David M. Long’s Franklin Financial (FRAF) RSUs?
Under which plans were David M. Long’s Franklin Financial (FRAF) equity transactions made?
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