Duffey Gregory A 4
Research Summary
AI-generated summary
Franklin Financial (FRAF) Director Gregory Duffey Receives RSU Award
What Happened
- Gregory A. Duffey, 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 unit (total reported value $0) and is recorded as an award/grant (code A) rather than a purchase or sale.
Key Details
- Transaction date: 2026-03-02; Filing date: 2026-03-03 (filed promptly the next day).
- Grant: 383 RSUs @ $0.00 (reported value $0).
- Vesting: RSUs vest the earlier of March 1, 2027 or end of term (per footnote F1).
- Shares owned after transaction: Not specified in the provided filing.
- Plan: Award made under the issuer’s 2019 Omnibus Stock Incentive Plan (footnote F1).
- No 10b5-1 plan, tax-withholding, or sale-of-underlying-shares noted in this filing.
Context
- RSUs are a common form of director compensation that convert to shares if and when they vest; this grant is an award rather than an immediate purchase or sale, so it does not reflect an immediate change in market exposure.