Form 4: Franklin Resources CEO Jennifer Johnson Acquires 18,900 Shares
SEC Form 4
Jennifer Johnson, President and CEO of Franklin Resources, recently purchased 18,900 shares of the company's common stock at a price of $20.9535 per share.
Summary
- On August 23, 2024, Jennifer M. Johnson, the President and CEO of Franklin Resources Inc., acquired 18,900 shares of common stock at a price of $20.9535 per share.
- Following this transaction, Johnson directly owns 2,460,039.623 shares of Franklin Resources common stock.
- She also indirectly owns shares through a Venture Limited Partnership (216,900 shares), a 401(k) plan (2,481.172 shares), a Business Limited Partnership (2,625,000 shares), and as trustee for her children (560,259 shares).
Sentiment
Score: 7
Explanation: The sentiment is moderately positive due to the CEO's purchase of shares, which suggests confidence in the company. However, it's a single transaction and doesn't provide a comprehensive view of the company's overall health.
Positives
- The CEO's purchase of shares may signal confidence in the company's future performance.
Industry Context
Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. Purchases by executives are often seen as a positive sign.
Stakeholder Impact
- The CEO's stock purchase could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 07/12/2024 | Date of plan statement for Franklin Templeton 401(k) Retirement Plan. |
| 08/23/2024 | Date of transaction: Jennifer Johnson acquired 18,900 shares of Franklin Resources common stock. |
| 08/26/2024 | Date of signature on the Form 4 filing. |
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