Part of the Insider Trading Tracker guide.
Franklin Financial: six directors, one Greediness Score
Cluster activity put six uneven director lots at the same Strong score of 80. A dollar sort would have split them. The Form 4s are fee stock.
What the Greediness Score saw
On the 29 September 2026 Strong-band feed, six Franklin Financial Services (FRAF) directors each scored 80, all partial data, all direct, all dated 28 September. The explanation on every row is the same: a six-insider cluster and the director role.
The dollar amounts are not the same. Kevin W. Craig bought 172 shares (about $10,776), Stanley J. Kerlin 125 (about $7,831), Gregory I. Snook 103 (about $6,453), Daniel J. Fisher 78 (about $4,887), Gregory A. Duffey 51 (about $3,195), and Elliott G. Warren 39 (about $2,443), all at $62.65. A feed sorted by value would have ranked Craig first and Warren last. The Greediness Score ties them, because cluster activity fired for the group and the role factor is the same person-type on every row. That is the score doing the job a size column cannot.
Why these 80s sit below the Scorpio Tankers 86
Insider role scores a chief executive above a director. Cluster activity is shared with the Scorpio Tankers rows, which landed at 84 to 86 with C-suite titles. These director rows reach the Strong band, at the floor of it, and they are labeled partial data: at least one factor lacked an input, so the number is a weaker reading than a high-confidence 86.
You can see that without opening a model spreadsheet. The explanation line names the factors. The confidence label says how complete they were. The band says they still cleared 80. Compare that with a list of insider buys that offers a share count and nothing else.
What the Form 4s say
Four of those filings are code A. The footnote says the shares were received in lieu of cash for a portion of the reporting person's director fees. Craig reported 27,939 shares afterward. Fisher reported 30,396. Warren reported 18,286. Snook reported 9,657. Those totals include dividend-reinvestment shares and previously reported unvested restricted stock units.
The score was right that six directors acquired stock on one day. It does not claim they each wrote a personal check. Kerlin and Duffey carry the same score, the same date, and the same explanation. Open those two Form 4s before you treat their footnotes as identical. A matching score is not a matching filing.
How to read a repeated score
- When several rows share one score and one explanation, read the explanation once, then read one footnote. The score has already told you the rows are the same kind of event.
- Partial data on every row is a reason to lean on the Form 4, not a reason to skip the cluster. The score flagged the gap.
- Director role plus cluster activity can clear Strong without any single lot being large. That is position in the queue, not a measure of dollars.
What the score does not prove
A fee paid in stock is not a shared view on the company, and it is not a reason to fade it. The Greediness Score put a compensation calendar in the Strong band because the structure matched a cluster. That is useful, because you would rather see it and set it aside than miss it. It does not forecast FRAF. Verify the filings on EDGAR, including the two rows not quoted here, at /app?band=strong&q=FRAF.
Sources
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Educational analysis only. Nothing on this page is investment advice. The Greediness Score describes filing structure and does not predict returns.