Director Gregory Snook receives 383 RSUs at Franklin Financial (NASDAQ: FRAF)
Rhea-AI Filing Summary
Franklin Financial Services Corp director Gregory I. Snook reported an equity award. He received a grant of 383 restricted stock units under the 2019 Omnibus Stock Incentive Plan, each representing a contingent right to one share of common stock. The RSUs vest on the earlier of March 1, 2027 or the end of his term. Following this award, he directly holds 7,088 shares of common stock, including 18 shares acquired through the company’s Dividend Reinvestment and Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Snook Gregory I
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 383 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,088 shares (Direct)
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 18 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.
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FAQ
What insider transaction did FRAF director Gregory I. Snook report?
Gregory I. Snook reported receiving an equity award, not an open-market trade. He was granted 383 restricted stock units, each representing a contingent right to one share of Franklin Financial Services common stock under the company’s 2019 Omnibus Stock Incentive Plan.
When do Gregory I. Snook’s Franklin Financial RSUs vest?
The RSUs vest on the earlier of March 1, 2027 or the end of Snook’s term. This means vesting is tied either to a fixed future date or when his service as a director concludes, whichever happens first according to the award terms.
What plan governs Gregory I. Snook’s RSU award at Franklin Financial Services (FRAF)?
The restricted stock unit award was granted under Franklin Financial Services’ 2019 Omnibus Stock Incentive Plan. This plan authorizes equity-based compensation, such as RSUs, giving directors and other participants contingent rights to receive common shares upon satisfaction of vesting conditions.