Weaver Matthew D 4

What Happened
Matthew D. Weaver, SVP and Chief Marketing Officer of Franklin Financial Services Corp (FRAF), was granted 443 restricted stock units (RSUs) on 2026-03-02 (reported acquisition at $0.00). On the same date the issuer withheld 159 shares to satisfy income tax obligations related to previously vested RSUs; those 159 shares were reported disposed at $51.48 each for a tax-withholding value of $8,185.

Key Details

• Transaction dates: March 2, 2026 (reported on Form 4 filed 2026-03-03).
• Grant: 443 RSUs reported at $0.00 (award/vesting entitlement).
• Withholding/tax disposition: 159 shares at $51.48 each, total $8,185 (reported as tax withholding).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: RSUs granted under the 2019 Omnibus Stock Incentive Plan; each RSU converts to one share and vests in three equal installments on 3/1/2027, 3/1/2028 and 3/1/2029, subject to continued service.
  • F2: Total share count (in full filing) includes 49 shares from the issuer’s 2010 Dividend Reinvestment and Stock Purchase Plan.
  • F3: The 159-share disposition represents issuer withholding to satisfy income tax obligations from prior RSU vesting.
• Filing timeliness: Form 4 was filed the next day (March 3) for transactions dated March 2 — appears timely.

Context
This was primarily an equity award (RSUs) grant, not an open-market purchase or a voluntary sale. The 159-share “disposition” is a routine, issuer-initiated withholding to pay income taxes on vested equity and does not necessarily indicate a voluntary sale by the insider. RSUs are contingent rights to receive shares upon vesting rather than immediate cash purchases.