Franklin Financial Services (FRAF) Director Ups Stake with Stock Fee Election

Rhea-AI Filing Summary

Franklin Financial Services Corp. (FRAF) – Insider Form 4 filing

Director Kevin W. Craig reported acquiring 313 shares of common stock on 06/23/2025. The shares were received in lieu of cash compensation for a portion of his board fees, at a stated price of $34.60 per share. Following the transaction, Craig’s direct beneficial ownership increased to 26,070 shares. This total includes (1) unvested restricted stock units previously reported and (2) 198 shares accumulated under the company’s 2010 Dividend Reinvestment and Stock Purchase Plan. No derivative securities were reported.

The filing was executed by attorney-in-fact Amanda M. Ducey on the same date. No dispositions, option exercises, or 10b5-1 plan transactions were disclosed.

Insights

Financial Analyst

TL;DR: Small insider purchase signals modest confidence; immaterial to fundamentals.

Craig’s acquisition adds roughly 1% to his existing position but represents a very small fraction of FRAF’s outstanding shares. Because the shares were accepted instead of cash board fees, the transaction is more routine compensation than opportunistic buying. While insider purchases are directionally positive, the size and nature mean the market is unlikely to react. No change to capital structure, earnings outlook, or liquidity arises from this filing.

Corporate Governance Expert

TL;DR: Routine fee-in-stock election; neutral governance impact.

Accepting equity in lieu of cash aligns director incentives with shareholders and marginally strengthens pay-for-performance linkage. However, without a concurrent open-market purchase or larger stake increase, the signal strength is weak. Governance red flags are absent—the filing is timely, signatures proper, and no 10b5-1 plan was checked. Overall governance impact is neutral.

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
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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^*

Craig Kevin W

(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		313(1)	A	$34.6	26,070(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 198 shares acquired pursuant to the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.

	/s/Amanda M. Ducey by Power of Attorney for Kevin W. Craig	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

How many FRAF shares did Director Kevin W. Craig acquire?

He acquired 313 shares of Franklin Financial Services Corp. common stock.

What was the transaction date on the Form 4 for FRAF?

The transaction occurred on 06/23/2025.

At what price were the shares credited to the director on 06/23/2025?

The stated price was $34.60 per share.

What is Kevin W. Craig’s total direct ownership after the transaction?

Following the acquisition, he directly owns 26,070 shares.

Did the filing report any derivative securities or 10b5-1 plan transactions?

No. No derivative positions or Rule 10b5-1 plan trades were disclosed.