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Director Elliott G. Warren (FRAF) receives 48-share stock award in fees

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Franklin Financial Services Corp. director Elliott G. Warren received 48 shares of Common Stock as a stock award. The shares were granted at a price of $50.56 per share in lieu of a portion of his director fees, making this a compensation-related acquisition rather than an open-market purchase.

After the award, Warren directly owns 18,013 shares of Common Stock. The filing also notes 334 shares held indirectly by his adult child living in his home, for which he disclaims beneficial ownership except for any pecuniary interest. The position includes previously reported unvested restricted stock units.

Positive

  • None.

Negative

  • None.
Insider ELLIOTT G WARREN
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 48 $50.56 $2K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 18,013 shares (Direct); Common Stock — 334 shares (Indirect, See Footnote)
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. These shares are held by the reporting person's adult child living in the home. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
Stock award 48 shares Common Stock grant in lieu of director fees
Grant price $50.56 per share Price used for the 48-share award
Direct holdings after award 18,013 shares Common Stock held directly by Elliott G. Warren
Indirect holdings 334 shares Shares held by adult child; beneficial ownership disclaimed except pecuniary interest
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.
pecuniary interest financial
"except to the extent of his pecuniary interest therein."
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
director's fees financial
"received in lieu of cash for a portion of the reporting person's director's fees."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
ELLIOTT G WARREN
(Last)(First)(Middle)
1500 NITTERHOUSE DRIVE
(Street)
CHAMBERSBURG PENNSYLVANIA 17201-6010
(City)(State)(Zip)
UNITED STATES
(Country)		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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock03/30/2026A48(1)A$50.5618,013(2)D
Common Stock334ISee Footnote(3)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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. These shares are held by the reporting person's adult child living in the home. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
/s/Amanda M. Ducey by Power of Attorney for G. Warren Elliott03/30/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Elliott G. Warren report in this Form 4 for FRAF?

Elliott G. Warren reported receiving 48 shares of Franklin Financial Services Corp. Common Stock as a stock award. The shares were granted at $50.56 each in lieu of part of his director fees, reflecting routine equity compensation rather than an open-market trade.

Was the FRAF Form 4 transaction a market purchase or a stock award?

The transaction was a stock award, not a market purchase. Warren received 48 Common Stock shares at $50.56 per share in lieu of cash for a portion of his director’s fees, classed as a grant, award, or other acquisition under code A.

How many FRAF shares does Elliott G. Warren hold after this filing?

Following the reported award, Elliott G. Warren directly holds 18,013 shares of Franklin Financial Services Corp. Common Stock. The filing also shows 334 shares held indirectly by his adult child, for which he disclaims beneficial ownership except for any pecuniary interest.

What is the significance of the indirect FRAF holdings in this Form 4?

The Form 4 shows 334 shares of Franklin Financial Services Corp. held by Warren’s adult child living in his home. Warren disclaims beneficial ownership of these shares, except for his pecuniary interest, indicating they are primarily attributed to the child rather than the director personally.

How were the 48 FRAF shares received by the director?

The 48 Franklin Financial Services Corp. shares were received as compensation in lieu of cash for part of Warren’s director fees. This form of equity payment aligns his compensation with the company’s stock performance instead of paying the full amount in cash.