Form 4: Franklin Resources Director John Y. Kim Acquires Deferred Director's Fees

Director John Y. Kim acquired deferred director's fees equivalent to 1,539.2254 shares of Franklin Resources Inc. common stock on January 2, 2025.

Summary

• On January 2, 2025, John Y. Kim, a director of Franklin Resources Inc., acquired deferred director's fees.
• This acquisition is equivalent to 1,539.2254 shares of Franklin Resources Inc. common stock.
• The price per share for the deferred fees is $20.14.
• Following the transaction, Kim directly owns 48,501.7203 shares of Franklin Resources Inc.
• The deferred fees are part of the 2006 Director Deferred Compensation Plan and are based on the performance of Franklin Resources Inc.'s stock.
• The fees are payable in one payment following the director's separation from service from Franklin Resources, Inc. and its subsidiaries.
• The exercisable and expiration dates assume the director's separation from service from Franklin Resources, Inc. and its subsidiaries occurs in the February following the director's 75th birthday.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests.

Positives

• The acquisition of deferred director's fees indicates continued alignment of the director's interests with the company's performance.

Future Outlook

The deferred fees are payable in one payment following the director's separation from service from Franklin Resources, Inc. and its subsidiaries, and the amount is based on the performance of Franklin Resources Inc.'s stock.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors.

Comparison to Industry Standards

• Director compensation packages often include deferred compensation plans to align director interests with long-term shareholder value.
• Deferred compensation plans are common among publicly traded companies, including asset managers like BlackRock and T. Rowe Price.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates