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 May 8, 2025, Karen Matsushima King, a director of Franklin Resources, Inc., acquired deferred director's fees that are convertible into 119.9616 shares of common stock.
• The transaction was reported on a Form 4 filing with the SEC.
• Following the transaction, King directly owns 54,554.9741 shares of Franklin Resources, Inc. common stock.
• The deferred director's fees are part of the 2006 Directors Deferred Compensation Plan and are based on the performance of Franklin Resources, Inc.'s stock.
• The fees are payable in cash in substantially equal quarterly installments over ten years following the director's separation from service.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Future Outlook

The deferred director's fees will be paid out in cash in quarterly installments over ten years following the director's separation from service, based on the performance of Franklin Resources, Inc.'s stock.

Industry Context

This filing is a routine disclosure of a director's acquisition of deferred compensation, which is a common practice in publicly traded companies to align director incentives with shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director compensation with company performance.

Key Dates

Keywords

Form 4, Director, Karen Matsushima King, Franklin Resources Inc, BEN, Deferred Director's Fees, Beneficial Ownership, SEC Filing