Form 4: Franklin Resources Director Alexander Friedman Reports Acquisition of Deferred Director's Fees

Director Alexander Friedman reports acquiring deferred director's fees convertible to 9,370.495 shares of Franklin Resources Inc. common stock.

Summary

• On February 4, 2025, Alexander S Friedman, a director of Franklin Resources Inc. (BEN), reported acquiring deferred director's fees.
• These fees are convertible into 9,370.495 shares of Franklin Resources Inc. common stock.
• The price of the derivative security is $20.81.
• Following the transaction, Friedman directly owns 36,276.5902 shares.
• The deferred compensation is part of the 2006 Director Deferred Compensation Plan and is payable in one payment following separation from service.
• The exercisable and expiration dates are contingent upon separation from service, assumed to be in February following the director's 75th birthday, with an expiration date of April 20, 2046.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard regulatory filing related to director compensation.

Future Outlook

The deferred compensation is payable in one payment following the director's separation from service from Franklin Resources, Inc. and its subsidiaries.

Industry Context

This filing reflects standard reporting of insider transactions, specifically related to director compensation in the form of deferred fees, which is a common practice in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it relates to director compensation and does not significantly alter the company's financial position.

Key Dates

Keywords

Form 4, Director, Deferred Compensation, Beneficial Ownership, Franklin Resources Inc., BEN, Alexander Friedman