Form 4: Franklin Resources Director King Acquires Deferred Director's Fees

Director Karen Matsushima King acquired deferred director's fees convertible to common stock in Franklin Resources, Inc.

Summary

• On November 6, 2024, Karen Matsushima King, a director of Franklin Resources, Inc. (BEN), acquired deferred director's fees.
• These fees are convertible into 116.117 shares of common stock.
• The price of the derivative security is $21.53.
• Following the transaction, King beneficially owns 39,656.0085 shares of Franklin Resources, Inc.
• The deferred compensation is part of the 2006 Directors Deferred Compensation Plan and is payable in cash in quarterly installments over ten years after separation from service.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment due to 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 compensation plan provides a future stream of payments to the director, linked to the performance of Franklin Resources, Inc.'s stock.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's stock.

Comparison to Industry Standards

• Director compensation packages often include deferred compensation plans to align director interests with long-term shareholder value.
• These plans are common among publicly traded companies like Franklin Resources, Inc.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with the company's long-term performance.

Key Dates