FRAF COO gets stock grant, shares withheld for tax

Franklin Financial Services Corp (FRAF) insider activity centers on equity compensation and related tax withholding.

Rhea-AI Filing Summary

Franklin Financial Services Corp (FRAF) insider activity centers on equity compensation and related tax withholding. Senior EVP and COO Charles Benner Jr acquired 1,176 shares of Common Stock on a grant basis at a price of $0.00 per share, increasing his direct holdings to 5,216 shares. In a separate transaction the same day, 318 shares of Common Stock valued at $51.48 per share were withheld by the company to cover his income tax obligations tied to previously vested restricted stock units, leaving him with 4,898 directly owned shares.

Footnotes explain that his equity awards include restricted stock units granted under the 2019 Omnibus Stock Incentive Plan, which vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Carroll Charles Benner Jr

Role Senior EVP, COO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,176	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	318	$51.48	$16K

Holdings After Transaction: Common Stock — 4,898 shares (Direct)

Footnotes (3)

1. 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.
2. F2. Total shares includes 6 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.
3. 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 insider transactions did FRAF executive Charles Benner report?

Charles Benner reported one equity grant and one tax-related share withholding. He received 1,176 Common Stock shares at no cost and had 318 shares withheld by the company to cover income taxes from vesting restricted stock units.

How many FRAF shares does Charles Benner own after these Form 4 transactions?

After the reported transactions, Charles Benner directly owns 4,898 shares of Franklin Financial Services Common Stock. This figure reflects the 1,176-share grant and the 318 shares withheld to satisfy income tax obligations on previously vested restricted stock units.

Was the FRAF Form 4 transaction a market sale of shares?

The Form 4 does not show an open market sale. The 318-share disposition is coded as a tax-withholding transaction, where shares were withheld by the issuer to satisfy income tax obligations associated with vesting restricted stock unit awards.

What price was used for the FRAF tax-withholding share disposition?

The tax-withholding transaction used a share value of $51.48. At that price, 318 shares of Franklin Financial Services Common Stock were withheld by the issuer to cover Charles Benner’s income tax obligations on previously reported restricted stock unit grants.

What are the vesting terms of Charles Benner’s FRAF restricted stock units?

His restricted stock units under the 2019 Omnibus Stock Incentive Plan vest in three equal installments. Vesting occurs on March 1, 2027, March 1, 2028, and March 1, 2029, and is conditioned on his continued service with Franklin Financial Services.

Did Charles Benner pay cash for the 1,176 FRAF shares he acquired?

He did not pay cash for those shares. The 1,176 Franklin Financial Services Common Stock shares were acquired in a grant or award transaction at a stated price of $0.00 per share under the company’s equity compensation arrangements.

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Accepted by SEC EDGAR 03/03/2026 - 05:08 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^*

Carroll Charles Benner Jr

(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)
	Senior EVP, COO

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		1,176(1)	A	$0	5,216(2)	D
Common Stock	03/02/2026		F		318(3)	D	$51.48	4,898	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 Charles B. Carroll, Jr.	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.