Hollar Mark R 4

What Happened

• Mark R. Hollar, Senior EVP and Chief Financial Officer of Franklin Financial Services Corp. (FRAF), was granted 1,000 restricted stock units (RSUs) on 2026-03-02 (award code A). On the same date the company withheld 386 shares to satisfy income tax obligations related to previously vested RSUs (disposition code F) at an effective per-share value of $51.48, totaling $19,871. The RSU grant shows an acquisition price of $0 because RSUs are awards, not purchases.

Key Details

• Transaction dates: 2026-03-02 (grant and tax-withholding); Form 4 filed 2026-03-03 (timely).
• Prices/values: RSUs granted at $0 (award); 386 shares withheld at $51.48 each = $19,871 withheld to cover taxes.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: The 1,000 RSUs were granted under the 2019 Omnibus Stock Incentive Plan and vest in three equal installments on 3/1/2027, 3/1/2028, and 3/1/2029, subject to continued service.
  • F4: The 386 shares were withheld by the issuer to satisfy income tax obligations associated with prior RSU vesting.
  • F2 & F3 note the reporting person’s total includes prior acquisitions of 279 shares via the 2010 Dividend Reinvestment Plan and 188 shares via the 2025 Employee Stock Purchase Plan.
• Filing timeliness: Filed one day after the transactions (appears timely under Form 4 rules).

Context

• RSUs are a deferred equity award (a contingent right to receive shares on vesting); the grant itself is not an open‑market purchase and does not indicate an immediate cash outlay by the insider.
• The 386-share disposition is a tax-withholding action (common when awards vest) and should not be read the same as an intentional sale for liquidity or market-timing reasons.