Form 4: Franklin Financial Services Corp SVP Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Lorie M. Heckman, SVP of Franklin Financial Services Corp, disposed of 121 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 12, 2024, Lorie M. Heckman, a Senior Vice President at Franklin Financial Services Corp, disposed of 121 shares of common stock.
- The transaction was executed to satisfy the reporting person's tax obligation associated with the vesting of previously reported restricted stock units.
- The shares were sold at a price of $26.31 per share.
- Following the transaction, Heckman beneficially owns 3,517 shares of Franklin Financial Services Corp.
- This total includes 122 shares purchased through the DRIP (Dividend Reinvestment Program).
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares for tax obligations) by an officer, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 03/12/2023 | Date of signature on the report. |
| 03/12/2024 | Date of the transaction (stock disposal). |
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