FRANKLIN FINANCIAL SERVICES CORP /PA/·4

Mar 30, 3:50 PM ET

Snook Gregory I 4

Research Summary

AI-generated summary

Updated

Franklin Financial (FRAF) Director Gregory I. Snook Receives Award

What Happened

  • Gregory I. Snook, a director of Franklin Financial Services Corp. (FRAF), was granted/received 128 shares on 2026-03-30 at an effective price of $50.56 per share, totaling $6,472. The transaction is reported as an award/grant (transaction code A) and listed as "Acquired."
  • Footnote F1 indicates these shares were issued in lieu of cash for a portion of the reporting person's director fees. Footnote F2 notes the reported amount includes previously reported unvested restricted stock units.

Key Details

  • Transaction date: 2026-03-30; Price: $50.56 per share; Shares: 128; Total value: $6,472.
  • Transaction type/code: Award/Grant (A) — shares received, not an open-market purchase.
  • Shares owned after transaction: Not specified in the filing.
  • Footnotes: F1 = received in lieu of cash for director fees; F2 = includes previously reported unvested RSUs.
  • Filing timeliness: Report filed 2026-03-30 (same date listed), so the filing appears timely.

Context

  • Receiving shares in lieu of cash is a common form of director compensation and should not be taken as an explicit buy/sell signal about the company’s near-term prospects.
  • The award value here is modest (~$6.5k) and largely reflects routine director fee compensation rather than large insider accumulation.