Form 4: Franklin Resources Director Acquires Deferred Stock Units
SEC Form 4 Filing
Karen Matsushima King, a director at Franklin Resources, acquired deferred stock units representing 125.0625 shares of common stock on January 23, 2025.
Summary
- Karen Matsushima King, a director of Franklin Resources Inc., acquired 125.0625 deferred stock units on January 23, 2025.
- These units are part of the 2006 Directors Deferred Compensation Plan and are based on the performance of Franklin Resources' stock.
- The units are payable in cash in quarterly installments over ten years following the director's separation from service.
- The price of the underlying common stock at the time of the transaction was $19.99 per share.
- Ms. King's total holdings after this transaction amount to 41,821.6543 shares of common stock.
Sentiment
Score: 7
Explanation: The document is a routine filing related to director compensation, which is a neutral event. The sentiment is slightly positive as it shows alignment of director interests with shareholders.
Future Outlook
The deferred stock units will be paid out in cash in quarterly installments over ten years following the director's separation from service.
Industry Context
This is a routine filing related to director compensation and is common practice for publicly traded companies.
Comparison to Industry Standards
- Deferred compensation plans are a common practice for directors of publicly traded companies, such as BlackRock, State Street, and T. Rowe Price.
- The structure of the plan, with payouts over a period of time after separation from service, is also typical.
- The use of stock performance as a basis for the deferred compensation is a common method to align director interests with shareholder interests.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 01/23/2025 | Date of the transaction where deferred stock units were acquired. |
| 01/24/2025 | Date the Form 4 was signed. |
Keywords
Franklin Resources, Director, Deferred Stock Units, Form 4, Beneficial Ownership, Director Compensation, Stock Acquisition
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.