Form 4: Franklin Financial Services Corp Executive Acquires and Disposes of Shares

Steven D. Butz, SVP and CCSO of Franklin Financial Services Corp, reports acquisition of restricted stock units and disposal of shares to cover tax obligations.

Summary

• On March 1, 2025, Steven D. Butz, SVP, CCSO of Franklin Financial Services Corp, acquired 602 shares of common stock through restricted stock units (RSUs).
• These RSUs vest in three equal installments on March 1, 2026, March 1, 2027, and March 1, 2028, contingent upon continued service.
• On the same day, Butz disposed of 405 shares of common stock at $37.69 to cover income tax obligations related to the vesting of previously reported RSUs.
• Following these transactions, Butz beneficially owns 5,924 shares of Franklin Financial Services Corp common stock.

Sentiment

Score: 5

Explanation: This is a routine filing reflecting standard executive compensation practices; neither particularly positive nor negative.

Future Outlook

The reporting person's RSUs will vest in three equal installments on March 1, 2026, March 1, 2027, and March 1, 2028, subject to continued service.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates