Director Elliott G. Warren awarded 771 RSUs at Franklin Financial (NASDAQ: FRAF)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Franklin Financial Services Corp. director Elliott G. Warren reported an equity award of 771 shares of Common Stock as a grant or other acquisition under the company’s 2019 Omnibus Stock Incentive Plan. The award consists of restricted stock units that convert into one share of Common Stock per unit and will vest on the earlier of March 1, 2027 or the end of his board term.
After this grant, Warren holds 17,965 shares of Common Stock directly, which includes 103 shares acquired through the company’s 2010 Dividend Reinvestment and Stock Purchase Plan. The filing also notes 334 shares held indirectly by his adult child living in his home, for which he disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ELLIOTT G WARREN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 771 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 17,965 shares (Direct);
Common Stock — 334 shares (Indirect, See Footnote)
Footnotes (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 will vest the earlier of March 1, 2027 or end of term. Total shares includes 103 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan. These shares are held by the reporting person's adult child living in the home. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
FAQ
What insider transaction did Elliott G. Warren report for FRAF?
Elliott G. Warren reported an acquisition of 771 restricted stock units tied to Franklin Financial Services Corp. common stock. These RSUs were granted under the 2019 Omnibus Stock Incentive Plan and represent a contingent right to receive one share of common stock for each unit.
What are the vesting terms of Elliott G. Warren’s new RSUs at Franklin Financial (FRAF)?
The restricted stock units granted to Elliott G. Warren will vest on the earlier of March 1, 2027 or the end of his board term. Each RSU represents a contingent right to receive one share of Franklin Financial common stock upon vesting, according to the filing.
Under which plan were Elliott G. Warren’s RSUs at Franklin Financial (FRAF) granted?
The RSUs were granted under Franklin Financial’s 2019 Omnibus Stock Incentive Plan. This plan provides equity-based awards such as restricted stock units, giving directors like Elliott G. Warren a contingent right to receive common shares based on service and vesting conditions.