On 28 Jul 2025, Franklin Financial Services Corp. (FRAF) EVP & Chief Risk Officer Lorie M. Heckman exercised 2,700 incentive stock options at a $30 strike price (Code M). To fund the cashless exercise and taxes, the issuer withheld 1,903 shares at the market price of $42.58 (Code F), leaving Heckman with a net increase of 797 common shares.
Following the transactions, her direct ownership stands at 6,587 shares; the 2017 option grant is now fully settled, while 2,700 options with a $34.10 strike expiring 22 Feb 2028 remain outstanding. The activity represents routine compensation management, involves less than 0.02 % of FRAF’s 4.4 m shares outstanding, and is unlikely to affect liquidity or signal a directional view on valuation.
Franklin Financial Services (FRAF) Form 4: SVP & Chief HR Officer Karen K. Carmack exercised 2,250 incentive stock options at an exercise price of $21.27 on 07/25/2025 (Transaction Code M). To satisfy tax withholding, 1,118 shares were simultaneously surrendered to the issuer at $42.83 (Code F).
Net result: Carmack’s direct common-stock holding increased by 1,132 shares to 5,049. The 2016 option grant is now fully exhausted; she continues to hold 2,250 options at $30 (exp. 02/23/2027) and 2,250 options at $34.10 (exp. 02/22/2028).
Based on quoted prices, the gross exercise value approximates $96k and the share withholding about $48k. The transaction appears to be a routine, incentive-plan exercise with a modest net share accumulation, offering limited insight into broader corporate fundamentals.
Franklin Financial Services Corp. (FRAF) – Form 4 filing, 28 Jul 2025
EVP & CFO Mark R. Hollar exercised 2,927 incentive stock options at an exercise price of $34.10 on 25 Jul 2025 (Code “M”). To fund the cashless exercise and satisfy tax obligations, 2,331 shares were withheld/disposed at the market price of $42.83 (Code “F”).
- Net share change: +596 common shares; direct holdings now total 16,168 shares.
- Derivative position: Option balance reduced to 0 as the 2013 ISO grant was fully exercised (original expiry 22 Feb 2028).
The transactions modestly increase the executive’s equity stake and remove a potential overhang from in-the-money options. Given the small size relative to FRAF’s 4.4 m outstanding shares, market impact is expected to be minimal.
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.
Franklin Financial Services Corp. (FRAF) – Form 4 insider activity
Director Stanley J. Kerlin reported acquiring 227 common shares of Franklin Financial Services on 23-Jun-2025 at an implied price of $34.60 per share, a transaction valued at roughly $7.8 thousand. The shares were issued in lieu of cash for a portion of Kerlin’s board fees, reflecting a routine equity-based compensation arrangement rather than an open-market purchase. Following the transaction, Kerlin’s direct holdings increased to 26,020 shares, a figure that includes previously reported unvested restricted stock units and 87 DRIP shares. No derivative securities were involved, and there were no dispositions. While the volume is modest relative to FRAF’s public float, the filing marginally reinforces insider alignment with shareholder interests.