Form 4: Franklin Financial Services SVP Reports Minor Stock Purchase

Karen K. Carmack, SVP and Chief HR Officer of Franklin Financial Services Corp, reported the purchase of one share of common stock at $38.60, increasing her direct beneficial ownership.

Summary

• The reporting person is Karen K. Carmack, identified as the SVP, Chief HR Officer of FRANKLIN FINANCIAL SERVICES CORP /PA/ (FRAF).
• On May 28, 2025, Ms. Carmack acquired 1 share of Common Stock through a purchase transaction (Code P) at a price of $38.60 per share.
• Following this transaction, Ms. Carmack directly beneficially owns 3,917 shares of Common Stock.
• The total shares beneficially owned include previously reported unvested restricted stock units and 25 shares acquired via the issuer's 2010 Dividend Reinvestment and Stock Purchase Plan.
• Ms. Carmack also holds various derivative securities, including Incentive Stock Options to buy 2,250 shares at $21.27 (expiring 02/25/2026), 2,250 shares at $30 (expiring 02/23/2027), and 2,250 shares at $34.10 (expiring 02/22/2028).
• Additionally, she holds an Employee Stock Purchase Plan right to buy 348 shares at $26.87, exercisable from July 1, 2024, and expiring on June 30, 2025.

Sentiment

Score: 5

Explanation: The document reports a minor insider stock purchase, which is generally neutral in impact unless part of a larger pattern of significant insider buying or selling.

Positives

• An insider, the SVP and Chief HR Officer, purchased shares of the company's common stock, which can signal confidence in the company's future prospects.

Negatives

• The reported purchase of only one share of common stock is a minimal transaction and does not represent a significant investment by the insider, thus offering limited insight into strong conviction.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This document is an insider transaction report (Form 4) specific to an individual's stock ownership changes within Franklin Financial Services Corp. It does not provide information on broader industry trends or competitive landscape.

Related Party Transactions

• The reported transaction is an insider purchase of common stock by a senior officer, which is a direct related-party transaction.

Stakeholder Impact

• Shareholders: A very minor increase in insider ownership, which could be interpreted as a slight positive signal of management's confidence, though the small volume limits its significance.

Key Dates

Keywords

SEC Form 4, Insider Trading, Stock Purchase, Beneficial Ownership, FRANKLIN FINANCIAL SERVICES CORP, FRAF, Karen K. Carmack, Financial Services