Franklin Financial (FRAF) director paid part of fees in stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snook Gregory I reported acquisition or exercise transactions in this Form 4 filing.
Franklin Financial Services Corp. director Gregory I. Snook received an award of 128 shares of common stock at an indicated value of $50.56 per share. The shares were issued in lieu of cash for part of his director fees and are held directly.
Following this compensation-related grant, Snook directly owns 9,416 shares of Franklin Financial common stock, a figure that includes previously reported unvested restricted stock units.
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 | 128 | $50.56 | $6K |
Holdings After Transaction:
Common Stock — 9,416 shares (Direct)
Footnotes (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.
Key Figures
Shares granted: 128 shares
Per-share value: $50.56 per share
Post-transaction holdings: 9,416 shares
+2 more
5 metrics
Shares granted
128 shares
Common stock award in lieu of director fees
Per-share value
$50.56 per share
Indicated value of the 128-share grant
Post-transaction holdings
9,416 shares
Total common shares directly owned after grant, including unvested RSUs
Acquire transactions
1 transaction
Single grant, award, or other acquisition reported
Buy and sell transactions
0 buys, 0 sells
No open-market purchases or sales reported in this filing
Key Terms
Common Stock, restricted stock units, director's fees, Grant, award, or other acquisition, +1 more
5 terms
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
restricted stock units financial
"Includes previously reported unvested restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
director's fees financial
"received in lieu of cash for a portion of the reporting person's director's fees."
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Franklin Financial Services (FRAF) report?
Franklin Financial Services reported that director Gregory I. Snook received 128 shares of common stock as a grant. The shares were issued as part of his compensation, specifically in lieu of cash for a portion of his director fees for the company.
Is the Franklin Financial (FRAF) Form 4 transaction a market purchase or sale?
The Form 4 transaction is not a market purchase or sale. It reflects a grant of 128 common shares to director Gregory I. Snook as compensation in lieu of cash director fees, categorized as a grant or other acquisition, rather than open-market trading.
How does this Franklin Financial (FRAF) Form 4 treat director fees?
The filing shows that a portion of Gregory I. Snook’s director fees was paid in stock rather than cash. He received 128 common shares, demonstrating the company’s use of equity-based compensation for board service in addition to traditional cash payments.