Form 4: Franklin Resources Director Reports Acquisition of Deferred Director's Fees
SEC Form 4 Filing
Director Seth H. Waugh reports acquisition of deferred director's fees in Franklin Resources Inc. stock.
Summary
- On February 4, 2025, Seth H. Waugh, a director of Franklin Resources Inc. [BEN], reported the acquisition of deferred director's fees.
- The transaction involved 9,370.495 shares of common stock underlying the deferred fees.
- The price per share is $20.81.
- Following the transaction, Waugh beneficially owns 36,276.5902 shares directly.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to director compensation and holdings, common in the financial services industry.
Stakeholder Impact
- The transaction reflects director compensation and alignment with shareholder interests through stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/04/2025 | Date of transaction: Acquisition of deferred director's fees. |
| 02/05/2025 | Date of report filing. |
| 04/20/2034 | 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. |
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