Form 4: Franklin Resources Director John Y. Kim Acquires Deferred Stock Units

Director John Y. Kim acquired deferred director's fees equivalent to 1,400.8134 shares of Franklin Resources Inc. (BEN) common stock on July 1, 2024.

Summary

• On July 1, 2024, John Y. Kim, a director of Franklin Resources Inc. (BEN), acquired deferred director's fees.
• This acquisition is equivalent to 1,400.8134 shares of Franklin Resources Inc. common stock.
• The price per share was $22.13.
• Following the transaction, Kim directly owns 43,414.8955 shares of Franklin Resources Inc.
• The deferred director's fees are part of the 2006 Director Deferred Compensation Plan and 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: 6

Explanation: The sentiment is neutral as it reflects a routine transaction. The director's acquisition of shares could be seen as a positive sign, but it's part of a deferred compensation plan.

Positives

• The director's continued investment in the company may signal confidence in its future performance.

Future Outlook

The deferred director's fees are payable in one payment following the director's separation from service from Franklin Resources, Inc. and its subsidiaries, with the exercisable and expiration dates assuming the director's separation from service from Franklin Resources, Inc. and its subsidiaries occurs in the February following the director's 75th birthday.

Industry Context

Form 4 filings are routine disclosures of insider transactions and provide transparency to the market regarding the trading activities of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider trading activity.

Key Dates