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

Director Charles B. Johnson of Franklin Resources Inc. reported a disposition of 7,950 shares and holdings of 89,300,242 shares of common stock, along with indirect holdings through a 401(k) and IRA.

Summary

• Charles B. Johnson, a director at Franklin Resources Inc., filed a Form 4 disclosing changes in his beneficial ownership of the company's stock.
• On December 3, 2024, Mr. Johnson disposed of 7,950 shares of common stock.
• Following this transaction, Mr. Johnson directly owns 89,300,242 shares of Franklin Resources common stock.
• He also holds 24,228.6004 shares indirectly through a 401(k) plan and 4,059,651 shares indirectly through an IRA.
• The 401(k) holdings are based on a plan statement as of October 11, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of insider transactions, which is neither positive nor negative in itself. It reflects standard corporate governance practices.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies like Franklin Resources. It provides transparency into the trading activities of the company's directors.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for directors and officers of publicly traded companies in the United States, as mandated by the Securities and Exchange Commission (SEC).
• The reporting of share transactions by insiders is a common practice across the financial industry, with similar filings required for companies like BlackRock, Vanguard, and State Street.
• The level of detail provided in this Form 4 is consistent with industry standards, including the reporting of direct and indirect holdings, as well as the transaction date and type.

Stakeholder Impact

• This filing provides transparency to shareholders regarding the trading activities of a key company director.
• The information is relevant to investors who track insider transactions as part of their investment analysis.

Key Dates

Keywords

Form 4, Beneficial Ownership, Franklin Resources, Director, Share Transactions, Stock Holdings, 401(k), IRA