Form 4: Franklin Resources Director John Y. Kim Reports Acquisition of Deferred Director's Fees
SEC Form 4 Filing
Director John Y. Kim reports acquisition of deferred director's fees in Franklin Resources Inc. stock.
Summary
- On April 1, 2024, John Y. Kim, a director of Franklin Resources Inc., acquired deferred director's fees equivalent to 1,122.375 shares of common stock.
- The acquisition was made under the 2006 Director Deferred Compensation Plan.
- The price per share was $27.62.
- Following the transaction, Kim beneficially owns 41,521.2194 shares of Franklin Resources Inc. common stock.
- 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 from Franklin Resources, Inc. and its subsidiaries occurs in the February following the director's 75th birthday.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the sentiment is neutral.
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 director compensation and holdings, common in the financial services industry.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a change in director's holdings.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Acquisition of deferred director's fees. |
| 04/02/2024 | Date of signature of the report. |
| 04/20/2036 | Assumed exercisable and expiration date of deferred fees, based on director's separation from service. |
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