Heckman Lorie M. 4

What Happened
Lorie M. Heckman, Executive Vice President & Chief Risk Officer of Franklin Financial Services Corp (FRAF), was granted 426 restricted stock units (RSUs) on 2026-03-02 (reported 2026-03-03). The RSUs were reported as an acquisition at $0.00 (award). On the same date the issuer withheld 173 shares to satisfy her income tax obligations related to the vesting of previously reported RSUs; those withheld shares were reported as disposed at $51.48 each (173 × $51.48 ≈ $8,906).

Key Details

• Transaction dates: 2026-03-02; Form filed 2026-03-03 (within the normal 2-business-day Form 4 deadline).
• Grant: 426 RSUs (recorded as acquisition A, $0.00 per unit). RSUs vest in three equal installments on Mar 1, 2027; Mar 1, 2028; and Mar 1, 2029, subject to continued service (footnote F1).
• Tax withholding: 173 shares withheld at $51.48 (reported as disposition F) to satisfy income tax obligations from prior RSU vesting (footnote F3); total withholding value ≈ $8,906.
• Shares count note: the filing notes total shares include 110 shares acquired under the issuer’s 2010 Dividend Reinvestment and Stock Purchase Plan (footnote F2). The filing does not state a post-transaction total share ownership figure.
• No 10b5-1 plan or other trading plan was reported; this appears to be a routine award and tax-withholding event, not an open-market sale.

Context
RSUs are a form of equity compensation giving the holder a contingent right to receive common stock when the units vest; the reported RSU grant is an award (not a market purchase) and typically reflects compensation. The withheld shares to cover taxes are a common administrative step and do not indicate an investment decision to sell shares on the open market.