ELLIOTT G WARREN 4

What Happened Elliott G. Warren, a director of Franklin Financial Services Corp. (FRAF), received 48 shares on March 30, 2026. The shares were valued at $50.56 each, for a total value of approximately $2,427. This was an acquisition in the form of stock received in lieu of cash director fees (an award/compensation transaction), which is a routine form of insider compensation rather than an open-market purchase.

Key Details

• Transaction date and type: 2026-03-30 — Award/acquisition (shares received in lieu of cash for director fees).
• Price and value: 48 shares at $50.56 per share; total value ≈ $2,427.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes of note:
  • F1: These shares were received in lieu of cash for a portion of the reporting person’s director fees.
  • F2: Reference to previously reported unvested restricted stock units (likely relates to the reporting of ownership).
  • F3: Some shares are held by the reporting person’s adult child living in the home; the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
• Filing timeliness: The report lists the transaction date as 2026-03-30 and was filed the same day; no late filing is indicated in the provided information.

Context Receiving shares as director compensation is common and generally reflects standard pay practices rather than a direct signal of the director’s market view. There is no indication these shares were immediately sold or part of a trading plan; the filing documents a routine award-related acquisition.