Form 4: Franklin Resources Director John Y. Kim Acquires Shares Through Deferred Compensation Plan
SEC Form 4 Filing
Director John Y. Kim acquired shares of Franklin Resources Inc. through a deferred compensation plan.
Summary
- On August 15, 2024, John Y. Kim, a director of Franklin Resources Inc., acquired shares of the company through a deferred director's fees arrangement.
- The transaction involved the acquisition of 222.9157 shares of common stock at a price of $22.43 per share.
- Following the transaction, Kim directly owns 44,199.2065 shares of Franklin Resources Inc.
- The shares were acquired under the 2006 Director Deferred Compensation Plan, based on the performance of Franklin Resources Inc.'s stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. It doesn't inherently indicate positive or negative performance for the company.
Positives
- The director's increased stake in the company could signal confidence in its future performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard part of director compensation.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction: acquisition of shares through deferred director's fees. |
| 08/16/2024 | Date of signature of the report. |
| 04/20/2036 | 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. |
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