ELLIOTT G WARREN 4

What Happened
Elliott G. Warren, a director of Franklin Financial Services Corp. (FRAF), was granted 771 restricted stock units (RSUs) on March 2, 2026. The Form 4 reports the acquisition code "A" (award/grant) for 771 shares at $0.00 — RSUs are a contingent right to receive common shares upon vesting, not an immediate purchase of stock.

Key Details

• Transaction date: 2026-03-02; reported on Form 4 filed 2026-03-03 (timely filing).
• Grant: 771 RSUs recorded at $0.00 cash consideration. RSUs vest the earlier of March 1, 2027 or end of term under the issuer’s 2019 Omnibus Stock Incentive Plan (Footnote F1).
• Shares owned after transaction: Not specified on the face of the transaction; filing notes include 103 shares held via the issuer’s 2010 Dividend Reinvestment and Stock Purchase Plan (F2) and additional shares held by the reporting person’s adult child (disclaimed beneficial ownership) (F3).
• Transaction code: A = Award/Grant. No 10b5-1 plan, cashless exercise, tax withholding, or late-filing flags indicated.

Context
RSUs represent a promise to deliver shares in the future if vesting conditions are met; they do not result in immediate transferable stock. Such awards are common for directors and are primarily a compensation/alignment mechanism rather than an immediate market signal.