Form 4: Franklin Resources Executive Chairman Gregory E. Johnson Reports Changes in Beneficial Ownership

Gregory E. Johnson, Executive Chairman of Franklin Resources, reports a transaction involving common stock and adjustments to beneficial ownership as of August 31, 2024.

Summary

• On August 31, 2024, Gregory E. Johnson, the Executive Chairman of Franklin Resources, reported changes in his beneficial ownership of the company's common stock.
• The transaction involved the withholding of 11,382 shares to cover tax liabilities related to the vesting of a security.
• Following the transaction, Johnson directly owns 2,173,055 shares of common stock, including 35,304 unvested restricted stock units.
• He also has indirect ownership through a 401(k) plan (7,210.6591 shares), a business limited partnership (2,573,100 shares), holdings for children or as trustee (249,765 shares), spousal holdings (25,119 shares), and a venture limited partnership (396,000 shares).
• Johnson disclaims beneficial ownership of shares held by his children, as trustee for his children, and by his spouse, as well as the children's trusts within the venture limited partnership.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing, reflecting standard reporting requirements for insider transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company executive, which is a common practice in publicly traded companies. It provides transparency to investors regarding the holdings of key personnel.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a key executive.

Key Dates