Form 4: Franklin Financial Services Corp: Executive Mark R. Hollar Reports Stock Option Exercise and Share Transactions
SEC Form 4 Filing
Mark R. Hollar, EVP/CFO of Franklin Financial Services Corp, reports exercising stock options and related share transactions.
Summary
- On May 9, 2025, Mark R. Hollar, EVP/CFO of Franklin Financial Services Corp, exercised incentive stock options to acquire 3,000 shares of common stock at a price of $21.27 per share.
- The executive also disposed of 1,645 shares to cover the exercise cost, with the issuer withholding shares at a market price of $38.81.
- Following these transactions, Hollar directly owns 14,578 shares of common stock, including unvested restricted stock units.
- Hollar also holds incentive stock options for an additional 8,927 shares at exercise prices of $30 and $34.1.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. There is no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the actions of company executives related to their holdings in the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an executive's activity in managing their stock holdings.
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 |
| 02/22/2028 | Expiration date for Incentive Stock Option (Right to Buy) at $34.1 |
| 02/23/2027 | Expiration date for Incentive Stock Option (Right to Buy) at $30 |
| 02/25/2026 | Expiration date for Incentive Stock Option (Right to Buy) at $21.27 |
| 05/09/2025 | Date of transaction: Exercise of stock options and disposal of shares |
| 05/13/2025 | Date of Form 4 filing |
Keywords
Form 4, insider trading, stock options, FRAF, Franklin Financial Services Corp, Hollar Mark R, executive compensation, beneficial ownership
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