Director Gregory Snook buys 2,200 Franklin Financial (FRAF) shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Franklin Financial Services Corp. director Gregory I. Snook reported an open-market purchase of 2,200 shares of common stock at $48.18 per share. Following this transaction, he directly holds 9,288 shares, and a footnote explains that this total includes previously reported unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,200 shares ($105,996)
Net Buy
1 txn
Insider
Snook Gregory I
Role
Director
Bought
2,200 shs ($106K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,200 | $48.18 | $106K |
Holdings After Transaction:
Common Stock — 9,288 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Franklin Financial (FRAF) report for Gregory I. Snook?
Director Gregory I. Snook reported an open-market purchase of 2,200 Franklin Financial common shares. The transaction was recorded as a Form 4 filing and classified as a direct ownership increase in non-derivative common stock, signaling a higher personal equity stake in the company.
What type of Form 4 transaction did Franklin Financial (FRAF) disclose?
The Form 4 discloses a non-derivative, open-market purchase of common stock. The transaction code was “P,” indicating a purchase in the open market or private transaction, rather than an option exercise, gift, tax withholding, or other non-market-related equity movement.
Does Gregory I. Snook’s reported position in Franklin Financial (FRAF) include restricted stock units?
Yes. A footnote clarifies that the total post-transaction holding of 9,288 Franklin Financial shares includes previously reported unvested restricted stock units. These RSUs represent equity awards that have not yet fully vested but are counted within his reported beneficial ownership.