Franklin Financial (FRAF) CEO receives 2,322 restricted stock units in grant

Rhea-AI Filing Summary

FRANKLIN FINANCIAL SERVICES CORP (FRAF) reported a stock-based compensation grant to its CEO. Craig W. Best received 2,322 restricted stock units under the company’s 2019 Omnibus Stock Incentive Plan. These units convert into one share of common stock each if vesting conditions are met.

The RSUs vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, contingent on continued service. Following this award, Best directly holds 17,308 common shares, which includes 11 shares acquired through the 2010 Dividend Reinvestment and Stock Purchase Plan.

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^*

BEST CRAIG W

(Last) (First) (Middle)

C/O FRANKLIN FINANCIAL SERVICES CORP.

1500 NITTERHOUSE DRIVE

(Street)

CHAMBERSBURG PENNSYLVANIA 17201

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026(1)		A		2,322(2)	A	$0	17,308(3)	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. This transaction is being filed late due to a delay in response from the SEC.

2. 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.

3. Total shares includes 11 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.

	/s/Amanda M. Ducey by Power of Attorney for Craig W. Best	03/19/2026
	** 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)

FAQ

What did Franklin Financial (FRAF) CEO Craig W. Best report in this Form 4?

Craig W. Best reported receiving 2,322 restricted stock units as stock-based compensation. Each unit represents a contingent right to one share of common stock, increasing his direct holdings to 17,308 shares, including 11 acquired via the company’s dividend reinvestment and stock purchase plan.

Is the Franklin Financial (FRAF) CEO’s Form 4 transaction a stock purchase or a compensation grant?

The transaction is a compensation grant, not an open-market stock purchase. The CEO received 2,322 restricted stock units at no cash cost under the 2019 Omnibus Stock Incentive Plan, reflecting equity-based pay rather than a discretionary buy in the market.

How do the new restricted stock units for FRAF’s CEO vest over time?

The 2,322 restricted stock units vest in three equal installments. Vesting dates are March 1, 2027, March 1, 2028, and March 1, 2029, and are conditioned on the CEO’s continued service with Franklin Financial Services Corp through those future dates.

How many Franklin Financial (FRAF) shares does the CEO hold after this Form 4 transaction?

After the reported grant, the CEO directly holds 17,308 shares of Franklin Financial common stock. This total includes 11 shares acquired through the company’s 2010 Dividend Reinvestment and Stock Purchase Plan, as noted in the filing’s explanatory footnote section.

What plan governs the restricted stock units granted to the FRAF CEO?

The restricted stock units were granted under Franklin Financial Services Corp’s 2019 Omnibus Stock Incentive Plan. This plan authorizes equity-based awards such as RSUs, providing the CEO with a contingent right to receive common shares if specified vesting conditions are satisfied.

Did the Franklin Financial (FRAF) CEO pay anything for the 2,322 awarded shares?

The CEO did not pay cash for these shares; the Form 4 lists a per-share price of 0.0000. The award represents stock-based compensation in the form of restricted stock units, which may convert into common shares as they vest over the specified schedule.