Form 4: Franklin Resources CEO Jennifer M. Johnson Reports Changes in Beneficial Ownership

Jennifer M. Johnson, President and CEO of Franklin Resources, reports a transaction involving common stock and adjustments to her beneficial ownership.

Summary

• On August 31, 2024, Jennifer M. Johnson, President and CEO of Franklin Resources, engaged in a transaction involving the company's common stock.
• The transaction involved the withholding of 111,525 shares at a price of $20.24 to cover tax liabilities related to the vesting of a security issued under Rule 16b-3.
• Following the reported transaction, Johnson's direct ownership includes 2,348,514.623 shares of common stock, with 322,657 shares representing unvested restricted stock units.
• Johnson also has indirect ownership through a 401(k) plan (2,481.172 shares), a business limited partnership (2,637,700 shares), holdings for children or as trustee for children (560,259 shares), and a venture limited partnership (216,900 shares).
• Johnson disclaims beneficial ownership of shares held by her children or in trusts for their benefit.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing, simply reporting a transaction. There is no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions and holdings in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives at publicly traded companies like Franklin Resources, similar to filings made by executives at BlackRock, Vanguard, and State Street.
• The level of detail provided in this Form 4 is consistent with SEC requirements and industry norms for insider transaction reporting.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of company insiders.
• The transaction itself is unlikely to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates