Insider Buy: FRAF Director Snook Receives Stock for Board Fees

Rhea-AI Filing Summary

Franklin Financial Services Corp. (FRAF) – Form 4 insider transaction

Director Gregory I. Snook reported an acquisition of 235 common shares on 06/23/2025. The shares were received in lieu of cash compensation for a portion of the director’s fees rather than being purchased on the open market. The filing lists a transaction price of $34.60 per share, implying a value of approximately $8,100. No Rule 10b5-1 trading plan was indicated, and the transaction code is shown as “A” (acquisition).

Following the award, Snook’s total beneficial ownership increased to 6,340 shares. This figure includes previously reported unvested restricted stock units and 20 shares acquired through the company’s 2010 Dividend Reinvestment and Stock Purchase Plan. All shares are held directly; no indirect ownership or derivative positions were reported, and the filing shows no dispositions or option exercises.

The reported share grant is routine director compensation and represents a small fraction of Franklin Financial’s total shares outstanding, meaning it is unlikely to have a material impact on the company’s valuation or float. Investors may nonetheless view insider share accumulation, even in small amounts, as a modest signal of alignment between board members and shareholders.

Positive

• Insider alignment: Director accepted 235 shares in lieu of cash, marginally increasing ownership and signalling confidence.

Negative

• None.

Insights

Financial Analyst

TL;DR: Small director share grant; signals alignment but immaterial to FRAF’s fundamentals.

The Form 4 shows Gregory I. Snook accepting equity rather than cash for part of his board fees. At ~$8 k, the transaction is negligible relative to Franklin Financial’s market cap, so I score it as neutral. The acquisition is coded "A" and not linked to a 10b5-1 plan, suggesting voluntary acceptance of stock, which modestly aligns interests with shareholders. However, the size does not move ownership concentration or the float and offers no direct read-through on earnings, capital, or credit quality. For portfolio managers, this is a housekeeping item rather than a catalyst.

Corporate Governance Specialist

TL;DR: Routine equity-in-lieu-cash compensation; governance-neutral event.

Board members often elect stock instead of cash to demonstrate commitment. Snook’s 235-share receipt is disclosed promptly and follows standard SEC Form 4 protocol. No red flags—no option repricing, accelerated vesting, or related-party dealings. The filing keeps total beneficial ownership transparent, including RSUs and DRIP shares. From a governance standpoint, the move supports alignment but is far too small to influence control or create conflicts. Overall, a standard, non-impactful compliance disclosure.

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^*

Snook Gregory I

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025

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	06/23/2025		A		235(1)	A	$34.6	6,340(2)(3)	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

Explanation of Responses:

1. These shares were received in lieu of cash for a portion of the reporting person's director's fees.

2. Includes previously reported unvested restricted stock units.

3. Total shares includes 20 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.

	/s/Amanda M. Ducey by Power of Attorney for Gregory I. Snook	06/23/2025
	** 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.
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FAQ

How many Franklin Financial (FRAF) shares did Director Gregory Snook acquire?

He acquired 235 common shares on 06/23/2025.

What was the reported price for the acquired shares?

The Form 4 lists a price of $34.60 per share.

What is Snook’s total beneficial ownership after the transaction?

His holdings rose to 6,340 shares, including unvested RSUs and DRIP shares.

Was this transaction part of a Rule 10b5-1 trading plan?

No. The filing does not indicate use of a Rule 10b5-1 plan.

Did the director buy the shares with cash or receive them as compensation?

The shares were received in lieu of cash for board fees, not purchased on the open market.

Were any derivative securities, such as options, involved in this Form 4?

No derivative securities were reported; only direct common stock ownership was disclosed.