BEST CRAIG W 4

What Happened

• Craig W. Best, CEO of Franklin Financial Services Corp. (FRAF), was granted 2,322 restricted stock units (RSUs) on March 2, 2026. The grant price is reported as $0.00 (typical for RSU awards); the reported total value at grant is $0.
• These RSUs are a contingent right to receive one share of common stock per RSU and are an award (not a purchase or sale). This type of grant is generally a compensation event rather than an investment by the insider.

Key Details

• Transaction date: 2026-03-02; Form 4 filed 2026-03-19 (filing marked late per footnote).
• Transaction code: A (Award/Grant); 2,322 RSUs granted at $0.00; reported value $0.
• Vesting: RSUs vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service (footnote F2).
• Shares owned after transaction: not specified in the provided summary; filing notes total shares includes 11 shares acquired under the issuer’s 2010 Dividend Reinvestment and Stock Purchase Plan (footnote F3).
• Timeliness: Filing was late; footnote F1 says delay caused by a delay in response from the SEC. Late filings do not change the economic nature of the grant but can affect disclosure timelines.

Context

• RSU grants are compensation and typically vest over time, aligning executives’ interests with shareholders; they are not an immediate cash outlay or open-market purchase by the insider.
• For retail investors, award grants are informative about compensation and retention incentives but are not the same signal as an insider buying shares on the open market.