Franklin Financial (FRAF) CTO granted RSUs and has shares withheld

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.

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

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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^*

Long David M

(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 Technology 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		542(1)	A	$0	1,751(2)	D
Common Stock	03/02/2026		F		169(3)	D	$51.48	1,582	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

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

3. 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 David M. Long	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 Services (FRAF) executive David M. Long report in this Form 4?

David M. Long reported equity compensation-related transactions in Franklin Financial common stock. He received 542 shares in a grant or award and had 169 shares withheld to satisfy income tax obligations from vesting restricted stock units.

How many Franklin Financial (FRAF) shares does David M. Long hold after these transactions?

After the reported transactions, David M. Long directly holds 1,582 shares of Franklin Financial common stock. This total includes 6 shares acquired under the company’s 2010 Dividend Reinvestment and Stock Purchase Plan, as highlighted in the footnotes.

What was the nature of the 542-share transaction reported by David M. Long at Franklin Financial (FRAF)?

The 542-share transaction was a grant or award acquisition of Franklin Financial common stock at a price of $0.00 per share. It was made under the issuer’s 2019 Omnibus Stock Incentive Plan as part of Long’s equity compensation.

Why were 169 Franklin Financial (FRAF) shares disposed of in David M. Long’s Form 4?

The 169 shares were withheld by the issuer at $51.48 per share to satisfy David M. Long’s income tax obligations. These obligations were associated with the vesting of previously reported restricted stock unit grants, according to the Form 4 footnotes.

What is the vesting schedule for David M. Long’s 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 conditioned on David M. Long’s continued service with Franklin Financial Services Corp.

Under which plans were David M. Long’s Franklin Financial (FRAF) equity transactions made?

The grant relates to the 2019 Omnibus Stock Incentive Plan, providing restricted stock units convertible into common shares. Footnotes also mention 6 shares acquired under the 2010 Dividend Reinvestment and Stock Purchase Plan, contributing to his total reported share ownership.