Form 4: Franklin Resources Director Charles B. Johnson Reports Significant Share Acquisition
Insider Transaction Report
Charles B. Johnson, a Director and 10% Owner of Franklin Resources Inc., reported the acquisition of 662,610 shares of common stock through annuity payments for estate planning purposes.
Summary
- Charles B. Johnson, a Director and 10% Owner of Franklin Resources Inc. (BEN), reported a change in beneficial ownership.
- On June 12, 2025, Mr. Johnson acquired 662,610 shares of Franklin Resources Common Stock (par value $.10).
- These shares were received as annuity payments from independent trustees of separate irrevocable grantor retained annuity trusts, primarily for estate planning.
- Following this transaction, Mr. Johnson directly beneficially owns 90,037,677 shares.
- Additionally, he indirectly beneficially owns 24,855.7966 shares through the Franklin Templeton 401(k) Retirement Plan (as of April 11, 2025) and 4,059,651 shares through an IRA.
Sentiment
Score: 7
Explanation: The acquisition of shares by a significant insider (10% owner and director) is generally viewed positively as it indicates confidence in the company. The transaction's stated purpose of estate planning is a neutral, structured reason.
Positives
- Increased beneficial ownership by a significant insider (Director and 10% Owner), which can signal confidence in the company's future prospects.
- The transaction is part of a structured estate planning strategy, indicating a deliberate approach to wealth management.
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- "Reporting Person received the shares as annuity payments from the independent trustee of separate irrevocable grantor retained annuity trusts for estate planning purposes."
Industry Context
NA
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| NA | NA | NA | NA | NA |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| NA | NA | NA | NA |
Legal Proceedings
- NA
Related Party Transactions
- Shares were received as annuity payments from independent trustees of separate irrevocable grantor retained annuity trusts, which are related to the reporting person's estate planning.
Stakeholder Impact
- Shareholders: Increased insider ownership may be perceived as a positive signal of confidence in the company's long-term value.
- Employees: No direct impact mentioned.
- Customers: No direct impact mentioned.
- Suppliers: No direct impact mentioned.
- Creditors: No direct impact mentioned.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 04/11/2025 | Date of the Franklin Templeton 401(k) Retirement Plan statement used for indirect ownership calculation. |
| 06/12/2025 | Date of the reported transaction where shares were acquired. |
| 06/13/2025 | Date the Form 4 was filed with the SEC. |
Recommendation
holdKeywords
Franklin Resources, BEN, Charles B. Johnson, Form 4, SEC filing, insider transaction, beneficial ownership, stock acquisition, estate planning, director, 10% owner
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