Franklin Financial (FRAF) director awarded 450 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fisher Daniel J reported acquisition or exercise transactions in this Form 4 filing.
Franklin Financial Services Corp director Daniel J. Fisher received an equity award under the company’s 2019 Omnibus Stock Incentive Plan. He was granted 450 restricted stock units, each representing a contingent right to receive one share of common stock, at no purchase price.
The RSUs will vest on the earlier of March 1, 2027 or the end of his term, aligning his interests with long-term shareholder value. Following this grant, Fisher holds 30,143 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fisher Daniel J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 450 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 30,143 shares (Direct)
Footnotes (1)
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FAQ
What did Franklin Financial Services (FRAF) director Daniel J. Fisher report on this Form 4?
Daniel J. Fisher reported receiving an equity grant of 450 restricted stock units. These units were awarded at no purchase price and increase his total direct holdings to 30,143 common shares, reinforcing his long-term financial alignment with Franklin Financial Services shareholders.
How many restricted stock units did Daniel J. Fisher receive from Franklin Financial Services (FRAF)?
He received 450 restricted stock units under the 2019 Omnibus Stock Incentive Plan. Each RSU represents a contingent right to receive one share of common stock, subject to the vesting conditions described in the award, which link compensation to long-term service.
When do Daniel J. Fisher’s Franklin Financial Services (FRAF) RSUs vest?
The restricted stock units vest at the earlier of March 1, 2027, or the end of Fisher’s term. This time-based vesting schedule encourages continued board service and supports longer-term alignment between his compensation and the company’s performance over several years.
What does each restricted stock unit represent in Daniel J. Fisher’s Franklin Financial Services (FRAF) award?
Each restricted stock unit represents a contingent right to receive one share of Franklin Financial Services common stock. Delivery of shares depends on vesting, which occurs at the earlier of March 1, 2027, or the end of Fisher’s board term, per the plan terms.