Form 4: Franklin Resources CFO Sells Shares for Tax Liability

Franklin Resources Co-President, CFO & COO Matthew Nicholls reported the disposition of 50,427 shares of common stock to cover tax liabilities related to vesting equity.

Summary

• Matthew Nicholls, Co-President, CFO & COO of Franklin Resources Inc. (BEN), reported a transaction involving the company's common stock.
• On December 1, 2025, Nicholls disposed of 50,427 shares of common stock at a price of $22.54 per share.
• This disposition was for the payment of tax liability by withholding securities incident to the vesting of a security issued in accordance with Rule 16b-3.
• Following this transaction, Nicholls beneficially owns 548,947 shares of common stock.
• Of the beneficially owned shares, 221,029 shares represent unvested restricted stock units.

Sentiment

Score: 5

Explanation: Neutral. This is a routine Form 4 filing reporting a tax-related disposition of shares upon vesting, which is a common occurrence for executives receiving equity compensation. It does not indicate a change in sentiment towards the company's prospects.

Future Outlook

NA

Industry Context

This transaction is a routine insider filing related to executive compensation and does not provide broader industry context or trends.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine tax-related transaction for executive compensation.

Key Dates

Keywords

Franklin Resources, BEN, Matthew Nicholls, Insider Transaction, Form 4, Stock Sale, CFO, COO, Equity Compensation, Tax Withholding