Form 4: Franklin Resources CEO Jennifer M. Johnson Reports Gift of Shares and Beneficial Ownership Changes
SEC Form 4 Filing
Jennifer M. Johnson, CEO of Franklin Resources, reports a gift of shares and adjustments to beneficial ownership, including holdings in 401(k) and limited partnerships.
Summary
- On June 12, 2024, Jennifer M. Johnson, the President and CEO of Franklin Resources, reported a transaction involving the company's common stock.
- She gifted 99,500 shares of common stock.
- The report also details her beneficial ownership, including direct holdings of 2,460,026.8354 shares and indirect holdings through children or as trustee for children (560,259 shares), a 401(k) (2,393.518 shares), a business limited partnership (2,625,000 shares), and a venture limited partnership (198,000 shares).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the holdings and transactions of key executives.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 10/13/2023 | Date of plan statement for 401(k) information. |
| 06/12/2024 | Date of the transaction (gift of shares). |
| 06/13/2024 | Date of signature by Attorney-in-Fact. |
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