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 July 1, 2024.

Summary

• On July 1, 2024, Karen Matsushima King, a director of Franklin Resources Inc., acquired 1,434.704 units of deferred director's fees (FRI) under the company's 2006 Directors Deferred Compensation Plan.
• These units are based on the performance of Franklin Resources Inc.'s stock and are payable in cash in quarterly installments over ten years following the director's separation from service.
• The price of the derivative security is $22.13.
• Following the transaction, King directly owns 35,937.7588 shares of Franklin Resources Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company, aligning their interests with shareholders.

Positives

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

Future Outlook

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

Industry Context

Form 4 filings are standard disclosures for corporate insiders, providing transparency into their transactions in the company's stock. This filing indicates a director's continued investment in the company's future.

Stakeholder Impact

• The transaction signals to shareholders that a director has a vested interest in the company's long-term success.

Key Dates