Brown Martin R 4

What Happened

• Martin R. Brown, a director of Franklin Financial Services Corp. (FRAF), received a grant of 383 restricted stock units (RSUs) on March 2, 2026. The grant is reported at $0.00 per RSU (total reported value $0) because RSUs represent a contingent right to receive shares upon vesting rather than an immediate cash purchase.
• Per the filing, the RSUs will vest the earlier of March 1, 2027 or the end of the award term.

Key Details

• Transaction date: 2026-03-02; reported on Form 4 filed 2026-03-03 (timely filing).
• Transaction type/code: A — Grant/Award of RSUs.
• Shares/units granted: 383 RSUs; reported price: $0.00; reported total value: $0.
• Vesting: RSUs vest the earlier of March 1, 2027 or end of term (footnote F1).
• Ownership after transaction: Not specified in the provided excerpt of the filing. Footnote F2 notes total shares include 11 shares acquired under the issuer’s 2010 Dividend Reinvestment and Stock Purchase Plan.
• No indication of a 10b5-1 plan, cashless exercise, tax withholding, or sale in this filing.

Context

• RSUs are a form of equity compensation: they convert to actual shares only if/when they vest, so grants are compensation events rather than open-market purchases or sales and do not by themselves signal a buy/sell decision.
• Director grants of this size are common as part of board compensation; retail investors should watch the vesting date if they want to track when additional shares may enter the market.