Form 4: Franklin Resources Director John Y. Kim Acquires Deferred Director's Fees
SEC Form 4 Filing
Director John Y. Kim acquired deferred director's fees convertible to common stock in Franklin Resources Inc.
Summary
- On February 4, 2025, John Y. Kim, a director of Franklin Resources Inc., acquired deferred director's fees that are convertible to 9,370.495 shares of common stock.
- The price of the derivative security is $20.81.
- Following the transaction, Kim beneficially owns 58,658.1986 shares of Franklin Resources Inc. common stock.
- The deferred director's fees are part of the 2006 Director Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction, with neutral sentiment.
Positives
- The acquisition of deferred director's fees indicates continued alignment of the director's interests with the company's performance.
Future Outlook
The document does not contain specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure related to insider transactions and provides limited insight into broader industry trends.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder confidence due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 02/04/2025 | Date of transaction: Acquisition of deferred director's fees. |
| 02/05/2025 | Date of Form 4 filing. |
| 04/20/2036 | Assumed exercisable and expiration date of the derivative security, contingent on separation from service. |
Keywords
Franklin Resources Inc, Director, John Y. Kim, Deferred Director's Fees, Common Stock, Beneficial Ownership, Form 4
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