Carroll Charles Benner Jr 4
4 · FRANKLIN FINANCIAL SERVICES CORP /PA/ · Filed Apr 29, 2026
Research Summary
AI-generated summary of this filing
Franklin Financial (FRAF) President Charles Benner Receives Award
What Happened Charles Benner, President & Chief Operating Officer of Franklin Financial Services Corp. (FRAF), was granted 1,020 restricted stock units (RSUs) on April 29, 2026. The grant is reported as an award/acquisition with an acquisition price of $0 (i.e., a compensation award rather than an open-market purchase). The filing indicates these RSUs are unvested and contingent on future service.
Key Details
- Transaction date and type: 2026-04-29 — Grant / Award (code A).
- Shares granted: 1,020 RSUs; reported acquisition price: $0; reported total value: $0 (award).
- Vesting: RSUs vest in three equal installments on 2027-04-29, 2028-04-29 and 2029-04-29, subject to continued service (see footnote F1).
- Shares owned after transaction: not specified in this filing; the filing notes total shares include previously reported unvested RSUs (footnote F2).
- Timeliness: Filing covers the transaction date 2026-04-29 and was filed the same day — no late filing indicated.
- No 10b5-1 plan, tax withholding, or cashless sale was reported in this filing.
Context Restricted stock units are a form of equity compensation that convert to actual shares only upon vesting; they are not an immediate market purchase or sale. This award is a compensation grant for future service and does not by itself indicate buying or selling sentiment.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-04-29+1,020→ 5,918 total
Footnotes (2)
- [F1]Pursuant to the issuer's 2019 Omnibus Stock Incentive Plan, the reporting person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. RSUs vest in three equal installments on April 29, 2027, April 29, 2028, and April 29, 2029, subject to continued service.
- [F2]Total shares includes previously reported unvested restricted stock units.