Kerlin Stanley J 4

What Happened

• Stanley J. Kerlin, a director of Franklin Financial Services Corp. (FRAF), was granted 383 restricted stock units (RSUs) on March 2, 2026. The grant is reported at $0.00 per share at issuance (total reported value $0) because RSUs are a contingent right to receive shares upon vesting rather than an immediate cash purchase.
• Per the filing, these RSUs will vest the earlier of March 1, 2027 or the end of the award term.

Key Details

• Transaction date: 2026-03-02; Filing date: 2026-03-03.
• Transaction type/code: A — Award/Grant (RSUs).
• Shares granted: 383 RSUs; reported acquisition price: $0.00 (RSUs convert to shares when vested).
• Shares owned after transaction: not specified in the provided excerpt (the filing notes total share count includes other holdings).
• Notable footnotes:
  • F1: RSUs represent the contingent right to receive one share per RSU; vesting earlier of Mar 1, 2027 or end of term.
  • F2: The filer’s total shares reported elsewhere includes 69 shares acquired under the issuer’s 2010 Dividend Reinvestment and Stock Purchase Plan.
• Timeliness: filing was submitted the day after the transaction; no late-filing indication provided.

Context

• RSU grants are a form of compensation and do not involve an immediate cash outlay or open-market purchase. They become shares only upon vesting and may be subject to forfeiture until then. Such awards are routine for directors and employees and should be interpreted as compensation, not a direct market purchase or sale.