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Franklin Financial (FRAF) SVP adds ESPP shares, now holds 5,482

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Franklin Financial Services Corp. senior vice president and Chief HR Officer Karen K. Carmack acquired 7 shares of common stock at $47.51 per share through the company’s 2025 Employee Stock Purchase Plan for the December 1, 2025–May 31, 2026 purchase period. Following this routine ESPP acquisition, she directly holds 5,482 common shares. She also holds incentive stock options covering 2,250 underlying shares at an exercise price of $34.10 expiring on February 22, 2028 and 2,250 underlying shares at $30.00 expiring on February 23, 2027.

Positive

  • None.

Negative

  • None.
Insider Carmack Karen K
Role SVP, Chief HR Officer
Type Security Shares Price Value
Grant/Award Common Stock 7 $47.51 $332.57
holding Incentive Stock Option (Right to Buy) -- -- --
holding Incentive Stock Option (Right to Buy) -- -- --
Holdings After Transaction: Common Stock — 5,482 shares (Direct, null); Incentive Stock Option (Right to Buy) — 2,250 shares (Direct, null)
Footnotes (1)
  1. Shares purchased pursuant to the Franklin Financial Services Corporation 2025 Employee Stock Purchase Plan ("ESPP")for the ESPP purchase period of December 1, 2025 through May 31, 2026. In accordance with the ESPP, these shares were purchased at a price equal to 90% of the closing price of the issuer's common stock on December 1, 2025. Total shares includes 26 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan. Includes previously reported unvested restricted stock units.
ESPP shares acquired 7 shares Common stock purchased via 2025 ESPP period Dec 1, 2025–May 31, 2026
ESPP purchase price $47.51 per share Price for 7 ESPP shares of common stock
Total common shares held 5,482 shares Direct common stock holdings after ESPP acquisition
Option strike price $34.10 Incentive stock option, 2,250 underlying shares, expires Feb 22, 2028
Option strike price $30.00 Incentive stock option, 2,250 underlying shares, expires Feb 23, 2027
Underlying option shares 2,250 shares Per each incentive stock option grant reported as outstanding
Dividend reinvestment shares 26 shares Acquired under 2010 Dividend Reinvestment and Stock Purchase Plan
Employee Stock Purchase Plan financial
"Shares purchased pursuant to the Franklin Financial Services Corporation 2025 Employee Stock Purchase Plan ("ESPP")"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Dividend Reinvestment and Stock Purchase Plan financial
"Total shares includes 26 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan."
A dividend reinvestment and stock purchase plan lets investors automatically use cash dividends to buy additional shares and often make extra share purchases directly from the company, usually at low or no commission. Think of it as an automatic savings plan for stock: dividends and optional contributions are turned into more shares, helping ownership grow through compounding and making regular investing simple and low-cost—key for long-term investors.
restricted stock units financial
"Includes previously reported unvested restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Incentive Stock Option (Right to Buy) financial
"security_title: Incentive Stock Option (Right to Buy)"
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SEC Form 4
FORM 4UNITED 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*
Carmack Karen K

(Last)(First)(Middle)
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, Chief HR Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026A(1)7A$47.51(2)5,482(3)(4)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Incentive Stock Option (Right to Buy)$3008/23/201702/23/2027Common Stock2,2502,250D
Incentive Stock Option (Right to Buy)$34.108/22/201802/22/2028Common Stock2,2502,250D
Explanation of Responses:
1. Shares purchased pursuant to the Franklin Financial Services Corporation 2025 Employee Stock Purchase Plan ("ESPP")for the ESPP purchase period of December 1, 2025 through May 31, 2026.
2. In accordance with the ESPP, these shares were purchased at a price equal to 90% of the closing price of the issuer's common stock on December 1, 2025.
3. Total shares includes 26 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.
4. Includes previously reported unvested restricted stock units.
/s/Amanda M. Ducey by Power of Attorney for Karen K. Carmack06/02/2026
** Signature of Reporting PersonDate
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) insider Karen Carmack do in this Form 4?

Karen K. Carmack, SVP and Chief HR Officer, acquired 7 shares of Franklin Financial common stock via the 2025 Employee Stock Purchase Plan. After this ESPP transaction, she directly holds 5,482 common shares reported in this filing.

At what price were the Franklin Financial (FRAF) shares acquired in the ESPP?

The 7 shares were acquired at $47.51 per share, consistent with the ESPP terms. Footnotes state ESPP purchases are priced at 90% of the closing price on December 1, 2025 for this purchase period.

How many Franklin Financial (FRAF) shares does Karen Carmack own after this filing?

After the reported ESPP acquisition, Karen K. Carmack directly owns 5,482 shares of Franklin Financial common stock. This total includes 26 shares previously acquired under the company’s Dividend Reinvestment and Stock Purchase Plan.

What stock options for Franklin Financial (FRAF) does Karen Carmack retain?

She holds two incentive stock option awards, each tied to 2,250 underlying common shares. One has a $34.10 exercise price expiring February 22, 2028, and the other a $30.00 exercise price expiring February 23, 2027.

How were the Franklin Financial (FRAF) ESPP shares in this Form 4 purchased?

The shares were purchased under the 2025 Employee Stock Purchase Plan for the December 1, 2025–May 31, 2026 period. Footnotes explain the ESPP uses 90% of the December 1, 2025 closing price to determine the purchase price.

Does this Franklin Financial (FRAF) Form 4 mention dividend reinvestment or RSUs?

Yes. Footnotes state total holdings include 26 shares acquired under the 2010 Dividend Reinvestment and Stock Purchase Plan and that the reported total also includes previously reported unvested restricted stock units.