Form 4: Franklin Resources EVP, General Counsel Thomas C. Merchant Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Thomas C. Merchant, EVP and General Counsel of Franklin Resources Inc., reports a transaction involving common stock related to tax liability withholding.
Summary
- On August 31, 2024, Thomas C. Merchant, EVP and General Counsel of Franklin Resources Inc., reported a transaction involving the company's common stock.
- The transaction involved the withholding of 6,303 shares to cover tax liabilities related to the vesting of a security.
- The price per share for the transaction was $20.24.
- Following the transaction, Merchant directly owns 45,975 shares of Franklin Resources Inc.
- Of these shares, 17,280 represent unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 08/31/2024 | Date of the stock transaction (tax liability withholding). |
| 09/04/2024 | Date of signature by Attorney-in-Fact. |
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