ELLIOTT G WARREN 4

What Happened

• Elliott G. Warren, a director of Franklin Financial Services Corp. (FRAF), received 39 shares on June 29, 2026. The shares were valued at $63.21 each for a total value of about $2,465.
• This was an award/acquisition (transaction code A) — shares issued in lieu of cash for part of his director fees, not an open-market purchase or sale.

Key Details

• Transaction date and terms: 2026-06-29, 39 shares at $63.21/share, total ≈ $2,465.
• Transaction type: Award/acquisition (A) — shares issued as compensation.
• Shares owned after transaction: Not specified in the filed Form 4.
• Relevant footnotes from the filing:
  • F1: Shares received in lieu of cash for a portion of the reporting person’s director fees.
  • F2: Total share count for the reporting person includes 100 shares from the issuer’s 2010 Dividend Reinvestment and Stock Purchase Plan.
  • F3: Filing includes previously reported unvested restricted stock units.
  • F4: Some shares are held by the reporting person’s adult child living in the home; the reporting person disclaims beneficial ownership except for any pecuniary interest.
• Filing timeliness: Report filed on 2026-06-29 for a 2026-06-29 transaction (timely).

Context

• This was compensation paid in stock (director fee conversion), a routine corporate action that reflects pay choice rather than a personal buy/sell decision. Such awards are common and don’t necessarily indicate the director’s view on the stock’s near-term prospects.
• The dollar amount is relatively small (~$2.5k), so it’s unlikely to materially affect ownership or signal a major insider conviction.