Form 4: Franklin Resources Director Charles B. Johnson Reports Share Transaction

Director Charles B. Johnson of Franklin Resources reported a disposition of 25,175 shares of common stock on December 11, 2024.

Summary

• Charles B. Johnson, a director at Franklin Resources, reported a transaction involving the company's common stock.
• On December 11, 2024, Mr. Johnson disposed of 25,175 shares of Franklin Resources common stock.
• Following this transaction, Mr. Johnson directly owns 89,275,067 shares.
• Mr. Johnson also indirectly owns 24,228.6004 shares through a 401(k) plan and 4,059,651 shares through an IRA.

Sentiment

Score: 5

Explanation: This is a neutral transaction report, not indicative of positive or negative sentiment. It's a routine disclosure of a director's stock activity.

Industry Context

This is a routine filing related to insider trading activity and is common for publicly traded companies. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• Similar filings are made by directors and officers of companies like BlackRock, Vanguard, and State Street when they trade their company's stock.

Stakeholder Impact

• This transaction provides transparency to shareholders regarding the trading activity of a company director.

Key Dates

Keywords

Franklin Resources, Director, Share Transaction, Beneficial Ownership, SEC Form 4, Stock Disposition