Form 4: Franklin Financial Services Corp Executive Ehrig Scott D Reports Stock Transactions
SEC Form 4 Filing
SVP, Chief Investment & Trust Officer Scott D. Ehrig reports acquisition of 528 shares and disposal of 482 shares of Franklin Financial Services Corp stock on March 1, 2025.
Summary
- On March 1, 2025, Scott D. Ehrig, SVP, Chief Investment & Trust Officer of Franklin Financial Services Corp, acquired 528 shares of common stock.
- These shares were granted as restricted stock units (RSUs) under the company's 2019 Omnibus Stock Incentive Plan.
- The RSUs vest in three equal installments on March 1, 2026, March 1, 2027, and March 1, 2028, contingent upon continued service.
- Also on March 1, 2025, Ehrig disposed of 482 shares of common stock at a price of $37.69.
- These shares were withheld by the issuer to cover income tax obligations related to the vesting of previously reported RSU grants.
- Following these transactions, Ehrig directly owns 3,002 shares of Franklin Financial Services Corp stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The reporting person will receive shares of common stock as the RSUs vest over the next three years, contingent upon continued service.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine insider activity related to compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of stock acquisition and disposal |
| 03/01/2026 | First vesting date of RSUs |
| 03/01/2027 | Second vesting date of RSUs |
| 03/01/2028 | Third vesting date of RSUs |
| 03/04/2025 | Date of Form 4 filing |
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