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 October 25, 2024, Karen Matsushima King, a director of Franklin Resources, Inc., acquired deferred director's fees that are convertible into 122.7295 shares of common stock.
• The price of the derivative security was $20.37.
• Following the transaction, King directly owns 39,419.9299 shares of Franklin Resources, Inc.
• The deferred director's fees are part of the 2006 Directors Deferred Compensation Plan and are payable in cash over ten years following separation from service, with the expiration date of the derivative security being January 20, 2058.
• 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: 7

Explanation: The document is a standard regulatory filing detailing an insider transaction. It's neutral in tone and reflects routine corporate governance.

Future Outlook

The deferred director's fees will be paid out in cash in substantially equal quarterly installments over ten years following the director's separation from service.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.

Key Dates