Form 4: Franklin Financial Services Corp Executive Exercises Stock Options
SEC Form 4
Lorie M. Heckman, SVP and Chief Risk Officer of Franklin Financial Services Corp, exercised stock options and reported changes in beneficial ownership.
Summary
- On May 6, 2025, Lorie M. Heckman, SVP, Chief Risk Officer of Franklin Financial Services Corp, exercised 200 common stock options at a price of $21.27 per share.
- Following the transaction, Heckman directly owns 4,703 shares of common stock, which includes previously reported unvested restricted stock units.
- Heckman also holds incentive stock options for 2,100 shares at $21.27, 2,700 shares at $30, 2,700 shares at $34.1, and employee stock option plan for 387 shares at $26.87.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock option exercises, which is neutral in sentiment.
Industry Context
Executive stock option exercises are a common practice in publicly traded companies and are used as a form of compensation and incentive for key personnel.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in outstanding shares, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 08/25/2016 | Date exercisable for Incentive Stock Option (Right to Buy) at $21.27 |
| 08/23/2017 | Date exercisable for Incentive Stock Option (Right to Buy) at $30 |
| 08/22/2018 | Date exercisable for Incentive Stock Option (Right to Buy) at $34.1 |
| 07/01/2024 | Date exercisable for Employee Stock Option Plan (Right to Buy) at $26.87 |
| 06/30/2025 | Expiration date for Employee Stock Option Plan (Right to Buy) at $26.87 |
| 02/25/2026 | Expiration date for Incentive Stock Option (Right to Buy) at $21.27 |
| 02/23/2027 | Expiration date for Incentive Stock Option (Right to Buy) at $30 |
| 02/22/2028 | Expiration date for Incentive Stock Option (Right to Buy) at $34.1 |
| 05/06/2025 | Transaction date: Exercise of stock options |
Keywords
stock options, Form 4, beneficial ownership, FRAF, Franklin Financial Services Corp, executive compensation, insider trading
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