Heckman Lorie M. 4

What Happened

• Lorie M. Heckman, EVP and Chief Risk Officer of Franklin Financial Services Corp. (FRAF), exercised 200 stock options on 2026-03-24 at an exercise price of $34.10 per share, for a total cost of $6,820.
• The same filing also reports a derivative disposition of 200 shares at $0.00 on the same date; the filing lists this as a derivative transaction but does not show cash consideration for that line.

Key Details

• Date: 2026-03-24
• Exercise: 200 options @ $34.10 = $6,820 (footnote F1: exercise under the 2013 Incentive Stock Option Plan)
• Disposition line: 200 shares @ $0.00 (listed as a derivative disposition in the filing)
• Shares owned after transaction: not specified in the provided data (filing notes total includes previously reported unvested restricted stock units per footnote F2)
• Filing timeliness: not indicated in the provided information

Context

• This filing documents an option exercise. An exercise itself is not a market sale — it converts option rights into shares (or can be part of a cashless exercise or withholding arrangement if shares are surrendered), but the filing here does not report a market sale for proceeds.
• Footnote F1 confirms the exercise was under the company’s 2013 Incentive Stock Option Plan; F2 notes the reported total includes previously disclosed unvested RSUs.