Form 4: Franklin Financial Services Corp: SVP David M. Long Acquires Stock Options
SEC Form 4 Filing
David M. Long, SVP of Franklin Financial Services Corp, reports acquisition of stock options on July 1, 2024.
Summary
- On July 1, 2024, David M. Long, a Senior Vice President at Franklin Financial Services Corp, acquired 371 stock options through the Employee Stock Option Plan.
- The exercise price of these options is $26.87.
- The options become exercisable on July 1, 2024, and expire on June 30, 2025.
- Following this transaction, Mr. Long directly owns 371 derivative securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of stock option acquisition.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings and transactions of company executives.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of earliest transaction: David M. Long acquired stock options. |
| 07/01/2024 | Options become exercisable. |
| 06/30/2025 | Expiration date of the options. |
| 07/02/2024 | Date of Form 4 filing. |
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