4/A: Franklin Financial Services Corp SVP Exercises Stock Options
SEC Form 4/A
Karen K. Carmack, SVP of Franklin Financial Services Corp, exercised stock options and sold shares to cover the exercise price.
Summary
- On December 17, 2024, Karen K. Carmack, SVP of Franklin Financial Services Corp, exercised 1,875 stock options at an exercise price of $22.05 per share.
- The same day, 1,254 shares were withheld by the issuer at a market price of $32.98 per share to cover the exercise price and associated costs.
- Following these transactions, Carmack directly owns 3,720 shares of common stock and 7,098 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey 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 into the actions of company executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the exercise of existing stock options and a small number of shares being withheld.
Key Dates
| Date | Description |
|---|---|
| 08/25/2015 | Date exercisable for options |
| 12/17/2024 | Date of transaction (exercise of options and withholding of shares) |
| 12/18/2024 | Date of original filing (amended) |
| 02/25/2025 | Expiration date for options |
| 01/23/2025 | Date of signature on the form |
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