Form 4: Franklin Resources Director King Acquires Deferred Stock Units

Director Karen Matsushima King acquired deferred director's fees in the form of Franklin Resources Inc. stock units on August 15, 2024.

Summary

• On August 15, 2024, Karen Matsushima King, a director of Franklin Resources Inc. (BEN), acquired 222.9157 units of deferred director's fees.
• These fees are linked to Franklin Resources Inc.'s common stock performance.
• The price per share was $22.43.
• Following the transaction, King directly owns 36,621.7068 shares of Franklin Resources Inc.
• The deferred fees are payable in cash in quarterly installments over ten years following separation from service, beginning on specified dates.

Sentiment

Score: 5

Explanation: This is a routine disclosure of a transaction by a company director, indicating a neutral sentiment.

Positives

• The director's acquisition of deferred stock units demonstrates alignment with the company's long-term performance.

Future Outlook

The deferred fees are payable in cash in quarterly installments over ten years following separation from service, beginning on the earlier of January 20, April 20, July 20 or October 20 immediately following the director's separation from service from Franklin Resources, Inc. and its subsidiaries and continuing on each January 20, April 20, July 20 and October 20 thereafter, except that if any such date is a Saturday, Sunday or holiday, then the quarterly installment shall be paid on the next business day.

Industry Context

Form 4 filings are routine disclosures of transactions by company insiders and are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment as it indicates director alignment with company performance.

Key Dates