Franklin Financial (FRAF) Insider: Director Paid 92 Shares for Fees

Rhea-AI Filing Summary

Franklin Financial Services Corporation director Gregory A. Duffey received 92 shares of common stock on 06/23/2025 as payment in lieu of cash for a portion of his director fees at an effective price of $34.60 per share. After this transaction, Mr. Duffey beneficially owns 23,411 shares, which total includes previously reported unvested restricted stock units. The Form 4 was signed by a power of attorney on behalf of Mr. Duffey.

Insights

Financial Analyst

TL;DR: Director received stock-based compensation, modestly increasing insider ownership; transaction appears routine and non-dilutive.

The issuance of 92 shares in lieu of cash is a standard director compensation mechanism that converts cash fees into equity, aligning the director's interests with shareholders without issuing new shares beyond the usual equity-based pay program. The reported beneficial ownership of 23,411 shares includes unvested restricted stock units, indicating continued vesting-based retention incentives. This disclosure does not indicate any sale or reduction of holdings.

Corporate Governance Expert

TL;DR: Routine governance disclosure showing equity-based director compensation; no governance red flags present in this filing.

Receiving shares instead of cash is a common practice to promote alignment between directors and shareholders. The Form 4 clearly states the shares were issued for director fees and notes inclusion of previously reported unvested RSUs in total beneficial ownership. The filing was executed by power of attorney, which is acceptable when properly authorized. There is no indication of related-party transactions beyond standard compensation.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Duffey Gregory A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	92	$34.60	$3K

Holdings After Transaction: Common Stock — 23,411 shares (Direct)

Footnotes (1)

1. These shares were received in lieu of cash for a portion of the reporting person's director's fees. Includes previously reported unvested restricted stock units.

Form 4 Insider Transactions: What Each Field Means →

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^*

Duffey Gregory A

(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		92(1)	A	$34.6	23,411(2)	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.

	/s/Amanda M. Ducey by Power of Attorney for Gregory A. Duffey	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.
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.

FAQ

What did Gregory A. Duffey report in the Form 4 for FRAF?

He received 92 shares of common stock on 06/23/2025 as payment in lieu of cash for director fees.

How many shares does Gregory A. Duffey beneficially own after the transaction?

23,411 shares, which include previously reported unvested restricted stock units.

At what price were the shares reported on the Form 4 (FRAF)?

The transaction price was reported as $34.60 per share.

Was this Form 4 signed by the reporting person?

The filing was signed on 06/23/2025 by Amanda M. Ducey by power of attorney for Gregory A. Duffey.

Why were the 92 shares issued to Gregory A. Duffey?

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