Carroll Charles Benner Jr 4
Research Summary
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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.