Giustini Louis J 4

What Happened
Louis J. Giustini, Senior Vice President & CRSO of Franklin Financial Services Corp (FRAF), was granted 628 restricted stock units (RSUs) on March 2, 2026 (reported as acquired at $0.00 per RSU). On the same date, 179 shares were withheld by the issuer to satisfy the reporting person's tax obligations related to previously vested RSUs; those 179 shares were reported disposed at $51.48 each, totaling $9,215.

Key Details

• Transaction dates: March 2, 2026 (both the RSU grant and the tax-withholding disposition); filing date March 3, 2026 (timely).
• Grant: 628 RSUs reported as acquired at $0.00 (these are contingent rights to receive one share per RSU).
• Disposition for taxes: 179 shares withheld at $51.48/share, total value $9,215 (transaction code F = tax withholding).
• Vesting: The newly granted RSUs vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service (footnote).
• Shares owned after the transactions are not specified in the summary provided. Footnote notes total includes 10 shares from the company’s Dividend Reinvestment and Stock Purchase Plan.
• Footnote clarification: the 179 shares withheld were to satisfy income tax obligations from previously reported RSU vesting (not a separate open-market sale).

Context
RSU grants (code A) are awards that convert to common stock upon vesting and are not an outright purchase by the insider; tax withholding (code F) is a routine disposition where the company retains shares to cover tax withholding. These filings are factual disclosures of compensation and tax withholding and do not by themselves indicate the insider’s view on the company’s stock.