Form 4: Franklin Resources CEO Jennifer Johnson Reports Changes in Beneficial Ownership
SEC Form 4
Jennifer Johnson, CEO of Franklin Resources, reports changes in her beneficial ownership of company stock, including disposals and acquisitions, as well as indirect holdings through various entities.
Summary
- Jennifer Johnson, the President and CEO of Franklin Resources, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On May 5, 2025, she disposed of 23,575 shares of common stock.
- On the same day, she acquired 23,575 shares of common stock.
- Following these transactions, Johnson directly owns 2,621,112.327 shares.
- She also indirectly owns shares through her children or as a trustee for them (595,649 shares), the Franklin Templeton 401(k) Retirement Plan (2,560.4919 shares), a business limited partnership (2,637,700 shares), and a venture limited partnership (216,900 shares).
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It simply reports transactions and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's prospects.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's stock transactions.
- It offers insights into insider activity, which can influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| January 11, 2025 | Date of plan statement for 401(k) holdings. |
| May 5, 2025 | Date of stock disposal and acquisition. |
| May 7, 2025 | Date of signature by Attorney-in-Fact. |
Keywords
beneficial ownership, Form 4, Franklin Resources, Jennifer Johnson, stock, securities, ownership
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