Last 12 months
Inside the activity.
8 purchase rows · 2 sale rows
Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.Monthly counts
| Month | Purchases | Sales |
|---|---|---|
| Nov 2025 | 1 | 0 |
| Dec 2025 | 0 | 1 |
| Jan 2026 | 0 | 0 |
| Feb 2026 | 2 | 0 |
| Mar 2026 | 1 | 0 |
| Apr 2026 | 1 | 0 |
| May 2026 | 1 | 1 |
| Jun 2026 | 0 | 0 |
| Jul 2026 | 1 | 0 |
| Aug 2026 | 1 | 0 |
| Sep 2026 | 0 | 0 |
| Oct 2026 | 0 | 0 |
Latest available
Insider transactions
Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Owner / reported role | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| July 01, 2019 Filed Jul 3, 2019 19:14 UTC | GrantFranklin Financial Services Corp ESPP · Derivative | 282 | $36.21 Strike: $36.21 | $10,211.22 |
DisclosureSEC source: 0001604525-19-000002 · primary_doc.xml · derivative · entry 1 Butz Steven D · CIK 0001604525 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 10,632 Underlying: Franklin Financial Services Corp · 282 shares Expires 2020-06-30 Read SEC document |
|
| June 19, 2019 Filed Jun 21, 2019 17:42 UTC | PurchaseFranklin Financial Services Corp | 3 | $38.99 | $116.97 |
DisclosureSEC source: 0001391380-19-000012 · primary_doc.xml · nonDerivative · entry 1 Cekovich Ronald L · CIK 0001391380 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,763 Read SEC document |
|
| June 19, 2019 Filed Jun 21, 2019 17:39 UTC | PurchaseFranklin Financial Services Corp | 1 | $38.99 | $38.99 |
DisclosureSEC source: 0001492950-19-000013 · primary_doc.xml · nonDerivative · entry 1 Carmack Karen K · CIK 0001492950 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 870 Read SEC document |
|
| May 29, 2019 Filed May 30, 2019 18:02 UTC | PurchaseFranklin Financial Services Corp | 3 | $38.69 | $116.07 |
DisclosureSEC source: 0001391380-19-000011 · primary_doc.xml · nonDerivative · entry 1 Cekovich Ronald L · CIK 0001391380 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,761 F1 · balance_after: Total shares includes 52 shares purchased through the DRIP. Read SEC document |
|
| May 29, 2019 Filed May 30, 2019 18:41 UTC | PurchaseFranklin Financial Services Corp | 3 | $38.69 | $116.07 |
DisclosureSEC source: 0001492948-19-000006 · primary_doc.xml · nonDerivative · entry 1 Hanks Patricia A · CIK 0001492948 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,938 F1 · balance_after: Total shares includes 22 shares purchased through the DRIP. Read SEC document |
|
| May 29, 2019 Filed May 30, 2019 17:57 UTC | PurchaseFranklin Financial Services Corp | 1 | $38.69 | $38.69 |
DisclosureSEC source: 0001492950-19-000012 · primary_doc.xml · nonDerivative · entry 1 Carmack Karen K · CIK 0001492950 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 870 F1 · balance_after: Total shares includes 7 shares purchased through the DRIP. Read SEC document |
|
| May 29, 2019 Filed May 30, 2019 17:52 UTC |
Duffey Gregory ADirector
|
PurchaseFranklin Financial Services Corp | 26 | $38.69 | $1,005.94 |
DisclosureSEC source: 0001638509-19-000007 · primary_doc.xml · nonDerivative · entry 1 Duffey Gregory A · CIK 0001638509 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,321 F1 · balance_after: Total shares includes 21 shares purchased through the DRIP. Read SEC document |
| May 22, 2019 Filed May 24, 2019 18:06 UTC |
Kerlin Stanley JDirector
|
PurchaseFranklin Financial Services Corp | 600 | $38.90 | $23,340.00 |
DisclosureSEC source: 0001370014-19-000002 · primary_doc.xml · nonDerivative · entry 1 Kerlin Stanley J · CIK 0001370014 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 32,021 F1 · balance_after: Total shares includes 77 shares purchased through the DRIP F2 · ownership.direct: Shares also owned indirectly in family trust. Read SEC document |
| May 15, 2019 Filed May 16, 2019 18:10 UTC | PurchaseFranklin Financial Services Corp | 3 | $38.78 | $116.34 |
DisclosureSEC source: 0001391380-19-000010 · primary_doc.xml · nonDerivative · entry 1 Cekovich Ronald L · CIK 0001391380 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,706 Read SEC document |
|
| May 15, 2019 Filed May 16, 2019 18:07 UTC | PurchaseFranklin Financial Services Corp | 1 | $38.78 | $38.78 |
DisclosureSEC source: 0001492950-19-000011 · primary_doc.xml · nonDerivative · entry 1 Carmack Karen K · CIK 0001492950 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 863 Read SEC document |
|
| May 01, 2019 Filed May 3, 2019 20:09 UTC | OtherFranklin Financial Services Corporation ESPP · Derivative | 46 | $32.73 Strike: $32.73 | $1,505.58 |
DisclosureSEC source: 0001651887-19-000001 · primary_doc.xml · derivative · entry 2 Heckman Lorie M. · CIK 0001651887 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 8,200 Underlying: Franklin Financial Services Corporation · 46 shares Expires 2019-06-30 Read SEC document |
|
| May 01, 2019 Filed May 3, 2019 20:09 UTC | OtherFranklin Financial Services Corporation | 46 | $32.73 | $1,505.58 |
DisclosureSEC source: 0001651887-19-000001 · primary_doc.xml · nonDerivative · entry 1 Heckman Lorie M. · CIK 0001651887 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,122 F1 · balance_after: Total shares owned includes 25 shares purchased through the DRIP. Read SEC document |
|
| May 01, 2019 Filed May 3, 2019 20:01 UTC | PurchaseFranklin Financial Services Corporation | 3 | $36.78 | $110.34 |
DisclosureSEC source: 0001492948-19-000005 · primary_doc.xml · nonDerivative · entry 1 Hanks Patricia A · CIK 0001492948 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,914 Read SEC document |
|
| May 01, 2019 Filed May 3, 2019 19:59 UTC | PurchaseFranklin Financial Services Corporation | 3 | $36.78 | $110.34 |
DisclosureSEC source: 0001391380-19-000009 · primary_doc.xml · nonDerivative · entry 1 Cekovich Ronald L · CIK 0001391380 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,704 Read SEC document |
|
| May 01, 2019 Filed May 3, 2019 19:58 UTC | PurchaseFranklin Financial Services Corporation | 1 | $36.78 | $36.78 |
DisclosureSEC source: 0001492950-19-000010 · primary_doc.xml · nonDerivative · entry 1 Carmack Karen K · CIK 0001492950 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 862 Read SEC document |
|
| May 01, 2019 Filed May 3, 2019 19:56 UTC |
Duffey Gregory ADirector
|
PurchaseFranklin Financial Services Corporation | 27 | $36.78 | $993.06 |
DisclosureSEC source: 0001638509-19-000006 · primary_doc.xml · nonDerivative · entry 1 Duffey Gregory A · CIK 0001638509 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,274 Read SEC document |
| April 17, 2019 Filed Apr 18, 2019 13:48 UTC | PurchaseFranklin Financial Services Corporation | 1 | $35.98 | $35.98 |
DisclosureSEC source: 0001492950-19-000009 · primary_doc.xml · nonDerivative · entry 1 Carmack Karen K · CIK 0001492950 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 861 Read SEC document |
|
| April 17, 2019 Filed Apr 18, 2019 13:46 UTC | PurchaseFranklin Financial Services Corporation | 3 | $35.98 | $107.94 |
DisclosureSEC source: 0001391380-19-000008 · primary_doc.xml · nonDerivative · entry 1 Cekovich Ronald L · CIK 0001391380 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,701 Read SEC document |
|
| April 03, 2019 Filed Apr 5, 2019 19:53 UTC | PurchaseFranklin Financial Services Corporation | 3 | $35.87 | $107.61 |
DisclosureSEC source: 0001391380-19-000007 · primary_doc.xml · nonDerivative · entry 1 Cekovich Ronald L · CIK 0001391380 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,698 Read SEC document |
|
| April 03, 2019 Filed Apr 5, 2019 19:54 UTC | PurchaseFranklin Financial Services Corporation | 3 | $35.87 | $107.61 |
DisclosureSEC source: 0001492948-19-000004 · primary_doc.xml · nonDerivative · entry 1 Hanks Patricia A · CIK 0001492948 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,911 Read SEC document |
|
| April 03, 2019 Filed Apr 5, 2019 19:51 UTC | PurchaseFranklin Financial Services Corporation | 1 | $35.87 | $35.87 |
DisclosureSEC source: 0001492950-19-000008 · primary_doc.xml · nonDerivative · entry 1 Carmack Karen K · CIK 0001492950 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 860 Read SEC document |
|
| April 03, 2019 Filed Apr 5, 2019 19:49 UTC |
Duffey Gregory ADirector
|
PurchaseFranklin Financial Services Corporation | 28 | $35.87 | $1,004.36 |
DisclosureSEC source: 0001638509-19-000005 · primary_doc.xml · nonDerivative · entry 1 Duffey Gregory A · CIK 0001638509 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,247 Read SEC document |
| March 20, 2019 Filed Mar 22, 2019 20:42 UTC | PurchaseFranklin Financial Services Corporation | 1 | $36.60 | $36.60 |
DisclosureSEC source: 0001492950-19-000007 · primary_doc.xml · nonDerivative · entry 1 Carmack Karen K · CIK 0001492950 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 860 Read SEC document |
|
| March 20, 2019 Filed Mar 22, 2019 20:39 UTC | PurchaseFranklin Financial Services Corporation | 3 | $36.60 | $109.80 |
DisclosureSEC source: 0001391380-19-000006 · primary_doc.xml · nonDerivative · entry 1 Cekovich Ronald L · CIK 0001391380 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,696 Read SEC document |
|
| March 06, 2019 Filed Mar 8, 2019 20:02 UTC | PurchaseFranklin Financial Services Corporation | 3 | $36.40 | $109.20 |
DisclosureSEC source: 0001391380-19-000005 · primary_doc.xml · nonDerivative · entry 1 Cekovich Ronald L · CIK 0001391380 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,693 F1 · balance_after: Total shares includes 50 shares purchased through the DRIP. Read SEC document |
|
| March 06, 2019 Filed Mar 8, 2019 20:00 UTC | PurchaseFranklin Financial Services Corporation | 3 | $36.40 | $109.20 |
DisclosureSEC source: 0001492948-19-000003 · primary_doc.xml · nonDerivative · entry 1 Hanks Patricia A · CIK 0001492948 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,908 F1 · balance_after: Total shares includes 22 shares purchased through the DRIP. Read SEC document |
|
| March 06, 2019 Filed Mar 8, 2019 19:55 UTC |
Duffey Gregory ADirector
|
PurchaseFranklin Financial Services Corporation | 27 | $36.40 | $982.80 |
DisclosureSEC source: 0001638509-19-000004 · primary_doc.xml · nonDerivative · entry 1 Duffey Gregory A · CIK 0001638509 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,219 F1 · balance_after: Total shares includes 20 shares purchased through the DRIP. Read SEC document |
| March 06, 2019 Filed Mar 8, 2019 19:57 UTC | PurchaseFranklin Financial Services Corporation | 1 | $36.40 | $36.40 |
DisclosureSEC source: 0001492950-19-000006 · primary_doc.xml · nonDerivative · entry 1 Carmack Karen K · CIK 0001492950 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 859 F1 · balance_after: Total shares includes 5 shares purchased through the DRIP. Read SEC document |
|
| February 26, 2019 Filed Feb 28, 2019 16:16 UTC | OtherFranklin Financial Services Corporation Incentive Stock Opti · Derivative | 407 | $16.11 Strike: $16.11 | $6,556.77 |
DisclosureSEC source: 0001492950-19-000005 · primary_doc.xml · derivative · entry 2 Carmack Karen K · CIK 0001492950 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 854 Underlying: Franklin Financial Services Corporation · 407 shares Expires 2019-02-26 Read SEC document |
|
| February 26, 2019 Filed Feb 28, 2019 16:16 UTC | Tax withholdingFranklin Financial Services Corporation | 180 | $36.43 | $6,557.40 |
DisclosureSEC source: 0001492950-19-000005 · primary_doc.xml · nonDerivative · entry 1 Carmack Karen K · CIK 0001492950 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 854 Read SEC document |
|
| February 20, 2019 Filed Feb 22, 2019 19:14 UTC | PurchaseFranklin Financial Services Corporation | 3 | $37.58 | $112.74 |
DisclosureSEC source: 0001391380-19-000004 · primary_doc.xml · nonDerivative · entry 1 Cekovich Ronald L · CIK 0001391380 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,641 Read SEC document |
|
| February 20, 2019 Filed Feb 22, 2019 19:12 UTC | PurchaseFranklin Financial Services Corporation | 1 | $37.58 | $37.58 |
DisclosureSEC source: 0001492950-19-000004 · primary_doc.xml · nonDerivative · entry 1 Carmack Karen K · CIK 0001492950 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 627 Read SEC document |
|
| February 15, 2019 Filed Feb 20, 2019 13:56 UTC | OtherFranklin Financial Services Corporation Incentive Stock Opti · Derivative | 1,200 | $16.11 Strike: $16.11 | $19,332.00 |
DisclosureSEC source: 0001318101-19-000001 · primary_doc.xml · derivative · entry 2 Hollar Mark R · CIK 0001318101 · CFO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 3,909 Underlying: Franklin Financial Services Corporation · 1,200 shares Expires 2019-02-26 Read SEC document |
|
| February 15, 2019 Filed Feb 20, 2019 13:56 UTC | Tax withholdingFranklin Financial Services Corp | 430 | $37.48 | $16,116.40 |
DisclosureSEC source: 0001318101-19-000001 · primary_doc.xml · nonDerivative · entry 1 Hollar Mark R · CIK 0001318101 · CFO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 3,990 F1 · balance_after: Total shares includes 26 shares purchased through the DRIP Read SEC document |
|
| February 13, 2019 Filed Feb 15, 2019 21:04 UTC | PurchaseFranklin Financial Services Corporation | 1,000 | $37.94 | $37,940.00 |
DisclosureSEC source: 0001604525-19-000001 · primary_doc.xml · nonDerivative · entry 1 Butz Steven D · CIK 0001604525 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,081 Read SEC document |
|
| February 06, 2019 Filed Feb 8, 2019 15:54 UTC |
Jordan Richard E IIIDirector
|
PurchaseFranklin Financial Services Corporation | 135 | $36.43 | $4,918.05 |
DisclosureSEC source: 0001568527-19-000001 · primary_doc.xml · nonDerivative · entry 1 Jordan Richard E III · CIK 0001568527 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,642 Read SEC document |
| January 30, 2019 Filed Feb 1, 2019 18:32 UTC | PurchaseFranklin Financial Services Corporation | 3 | $33.63 | $100.89 |
DisclosureSEC source: 0001391380-19-000003 · primary_doc.xml · nonDerivative · entry 1 Cekovich Ronald L · CIK 0001391380 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,638 Read SEC document |
|
| January 30, 2019 Filed Feb 1, 2019 18:30 UTC | PurchaseFranklin Financial Services Corporation | 1 | $33.63 | $33.63 |
DisclosureSEC source: 0001492950-19-000003 · primary_doc.xml · nonDerivative · entry 1 Carmack Karen K · CIK 0001492950 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 626 Read SEC document |
|
| January 30, 2019 Filed Feb 1, 2019 18:28 UTC | PurchaseFranklin Financial Services Corporation | 3 | $33.63 | $100.89 |
DisclosureSEC source: 0001492948-19-000002 · primary_doc.xml · nonDerivative · entry 1 Hanks Patricia A · CIK 0001492948 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,884 Read SEC document |
|
| January 30, 2019 Filed Feb 1, 2019 18:26 UTC |
Duffey Gregory ADirector
|
PurchaseFranklin Financial Services Corporation | 30 | $33.63 | $1,008.90 |
DisclosureSEC source: 0001638509-19-000003 · primary_doc.xml · nonDerivative · entry 1 Duffey Gregory A · CIK 0001638509 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,171 Read SEC document |
| January 23, 2019 Filed Jan 25, 2019 15:28 UTC |
Duffey Gregory ADirector
|
PurchaseFranklin Financial Services Corporation | 1,000 | $32.63 | $32,630.00 |
DisclosureSEC source: 0001638509-19-000002 · primary_doc.xml · nonDerivative · entry 1 Duffey Gregory A · CIK 0001638509 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,142 Read SEC document |
| January 16, 2019 Filed Jan 18, 2019 21:12 UTC |
Shehan Lise MFormer SVP
|
OtherFranklin Financial Services Corporation Incentive Stock Opti · Derivative | 825 | $22.05 Strike: $22.05 | $18,191.25 |
DisclosureSEC source: 0001553617-19-000001 · primary_doc.xml · derivative · entry 1 Shehan Lise M · CIK 0001553617 · Former SVP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,100 Underlying: Franklin Financial Services Corporation · 825 shares Expires 2025-02-26 Read SEC document |
| January 16, 2019 Filed Jan 18, 2019 21:07 UTC | PurchaseFranklin Financial Services Corporation | 3 | $31.65 | $94.95 |
DisclosureSEC source: 0001391380-19-000002 · primary_doc.xml · nonDerivative · entry 1 Cekovich Ronald L · CIK 0001391380 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,635 Read SEC document |
|
| January 16, 2019 Filed Jan 18, 2019 21:05 UTC | PurchaseFranklin Financial Services Corporation | 1 | $31.65 | $31.65 |
DisclosureSEC source: 0001492950-19-000002 · primary_doc.xml · nonDerivative · entry 1 Carmack Karen K · CIK 0001492950 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 625 Read SEC document |
|
| January 09, 2019 Filed Jan 11, 2019 20:21 UTC | PurchaseFranklin Financial Services Corporation | 150 | $31.33 | $4,699.50 |
DisclosureSEC source: 0001663763-19-000001 · primary_doc.xml · nonDerivative · entry 1 Henry Timothy G · CIK 0001663763 · CEO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,991 Read SEC document |
|
| January 02, 2019 Filed Jan 4, 2019 19:51 UTC | PurchaseFranklin Financial Services Corporation | 3 | $30.71 | $92.13 |
DisclosureSEC source: 0001492948-19-000001 · primary_doc.xml · nonDerivative · entry 1 Hanks Patricia A · CIK 0001492948 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,881 Read SEC document |
|
| January 02, 2019 Filed Jan 4, 2019 19:47 UTC | PurchaseFranklin Financial Services Corporation | 1 | $30.71 | $30.71 |
DisclosureSEC source: 0001492950-19-000001 · primary_doc.xml · nonDerivative · entry 1 Carmack Karen K · CIK 0001492950 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 625 Read SEC document |
|
| January 02, 2019 Filed Jan 4, 2019 19:49 UTC | PurchaseFranklin Financial Services Corporation | 3 | $30.71 | $92.13 |
DisclosureSEC source: 0001391380-19-000001 · primary_doc.xml · nonDerivative · entry 1 Cekovich Ronald L · CIK 0001391380 · svp 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,632 Read SEC document |
|
| January 02, 2019 Filed Jan 4, 2019 19:45 UTC |
Kerlin Stanley JDirector
|
PurchaseFranklin Financial Services Corporation | 293 | $30.71 | $8,998.03 |
DisclosureSEC source: 0001370014-19-000001 · primary_doc.xml · nonDerivative · entry 1 Kerlin Stanley J · CIK 0001370014 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 31,345 F1 · balance_after: Total shares includes shares held directly and indirectly. Read SEC document |
| January 02, 2019 Filed Jan 4, 2019 19:42 UTC |
Duffey Gregory ADirector
|
PurchaseFranklin Financial Services Corporation | 33 | $30.71 | $1,013.43 |
DisclosureSEC source: 0001638509-19-000001 · primary_doc.xml · nonDerivative · entry 1 Duffey Gregory A · CIK 0001638509 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,142 Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.