Franklin Financial CMO gets RSU grant, shares withheld

Rhea-AI Filing Summary

Franklin Financial Services Corp. executive equity award and tax withholding transaction

Franklin Financial Services Corp. Senior Vice President and Chief Marketing Officer Matthew D. Weaver reported equity compensation activity involving the company’s Common Stock. He received a grant of 443 restricted stock units under the issuer’s 2019 Omnibus Stock Incentive Plan, at a stated price of $0.00 per share. These RSUs each represent a contingent right to receive one share of Common Stock and vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service. In a related move, 159 shares of Common Stock were withheld at $51.48 per share to satisfy his income tax obligations arising from the vesting of previously reported RSU grants. Following these transactions, he directly owned 3,714 shares of Common Stock, and held incentive stock options representing 2,250 shares.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Weaver Matthew D

Role SVP, Chief Marketing Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	443	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	159	$51.48	$8K
holding	Incentive Stock Option (Right to Buy)	--	--	--
holding	Incentive Stock Option (Right to Buy)	--	--	--

Holdings After Transaction: Common Stock — 3,714 shares (Direct); Incentive Stock Option (Right to Buy) — 4,500 contracts (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 49 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 did FRAF executive Matthew Weaver report in this Form 4 filing?

Matthew Weaver reported an equity award and a tax-related share disposition. He received 443 restricted stock units and had 159 shares of Franklin Financial Services Corp. Common Stock withheld to cover income taxes from vesting of earlier RSU awards.

How many Franklin Financial (FRAF) shares did Matthew Weaver acquire in this transaction?

He was granted 443 restricted stock units tied to Franklin Financial Common Stock. Each RSU represents a contingent right to receive one share, vesting over time, rather than an immediate open-market share purchase or sale at a cash cost.

Why were 159 FRAF shares disposed of in Matthew Weaver’s Form 4?

The 159 shares were withheld by the company to satisfy Matthew Weaver’s income tax obligations. These obligations arose from the vesting of previously granted restricted stock units, making this a tax-withholding disposition rather than an open-market sale for investment purposes.

What is the vesting schedule for Matthew Weaver’s new FRAF restricted stock units?

The 443 restricted stock units vest in three equal installments over three years. Vesting occurs on March 1, 2027, March 1, 2028, and March 1, 2029, and each installment requires that Matthew Weaver continue his service with Franklin Financial Services Corp.

How many Franklin Financial (FRAF) shares does Matthew Weaver own after these transactions?

After the reported transactions, Matthew Weaver directly owned 3,714 shares of Franklin Financial Common Stock. He also held incentive stock options covering 2,250 shares, providing additional potential equity exposure if those options are exercised in the future.

What equity plans were referenced in Matthew Weaver’s FRAF Form 4 filing?

The filing referenced the 2019 Omnibus Stock Incentive Plan for the new RSU grant and the 2010 Dividend Reinvestment and Stock Purchase Plan. His total share holdings include 49 shares previously acquired under the dividend reinvestment and stock purchase plan over time.

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Accepted by SEC EDGAR 03/03/2026 - 05:45 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^*

Weaver Matthew D

(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)
	SVP, Chief Marketing Officer

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		443(1)	A	$0	3,873(2)	D
Common Stock	03/02/2026		F		159(3)	D	$51.48	3,714	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
Incentive Stock Option (Right to Buy)	$30							08/23/2017	02/23/2027	Common Stock	2,250		2,250	D
Incentive Stock Option (Right to Buy)	$34.1							08/22/2018	02/22/2028	Common Stock	2,250		2,250	D

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 49 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 Matthew D. Weaver	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.