Form 4: Franklin Resources Director John Y. Kim Reports Acquisition of Deferred Director's Fees

Director John Y. Kim reports acquisition of deferred director's fees in Franklin Resources Inc. stock.

Summary

• On September 16, 2024, John Y. Kim, a director of Franklin Resources Inc., reported the acquisition of 248.6325 shares of deferred director's fees (FRI).
• These fees are based on the performance of Franklin Resources Inc.'s stock under the 2006 Director Deferred Compensation Plan.
• The price per share was $20.11.
• Following the transaction, Kim directly owns 44,700.6196 shares of Franklin Resources Inc.
• The deferred 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 occurs in the February following the director's 75th birthday, specifically April 20, 2036.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through deferred compensation, indicating confidence in the company's future performance.

Future Outlook

The deferred director's fees are payable upon the director's separation from service from Franklin Resources, Inc. and its subsidiaries, with the amount based on the performance of Franklin Resources Inc.'s stock.

Industry Context

This Form 4 filing is a routine disclosure related to changes in beneficial ownership by a company insider, providing transparency to investors regarding the holdings and transactions of key personnel.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and alignment of interests.

Key Dates