Form 4: Franklin Financial Services Corp Executive Exercises Stock Options
SEC Form 4 Filing
Karen K. Carmack, SVP of Franklin Financial Services Corp, reports the acquisition of 348 shares through the exercise of employee stock options on July 1, 2024.
Summary
- On July 1, 2024, Karen K. Carmack, a Senior Vice President at Franklin Financial Services Corp (FRAF), exercised employee stock options to acquire 348 shares of common stock at a price of $26.87 per share.
- The options became exercisable on July 1, 2024, and will expire on June 30, 2025.
- Following this transaction, Ms. Carmack directly owns 8,973 shares of Franklin Financial Services Corp.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it represents a routine exercise of stock options by an executive.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of earliest transaction (exercise of stock options) |
| 07/01/2024 | Options became exercisable |
| 06/30/2025 | Expiration date of the options |
| 07/02/2024 | Date of signature on the Form 4 |
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