Form 4: Franklin Resources Executive Chairman's Stock Transaction

Franklin Resources Executive Chairman Gregory E. Johnson reported a disposition of 8,460 shares of common stock for tax purposes related to vesting equity.

Summary

• Executive Chairman Gregory E. Johnson reported a transaction involving Franklin Resources Inc. common stock.
• On December 1, 2025, Johnson disposed of 8,460 shares of common stock at a price of $22.54 per share.
• This disposition was for the payment of tax liability incident to the vesting of a security, in accordance with Rule 16b-3.
• Following this transaction, Johnson directly beneficially owns 2,686,282 shares, which includes 54,324 unvested restricted stock unit awards.
• Johnson also indirectly beneficially owns shares through a 401(k) plan (7,679.7519 shares), a business limited partnership (2,573,100 shares), holdings by children or as trustee for children (252,415 shares), holdings by spouse (26,444 shares), and a venture limited partnership (396,000 shares).

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction for tax withholding purposes related to equity vesting, which is neutral in sentiment.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction filing (Form 4) for tax withholding purposes, common across all industries for executives receiving equity compensation. It does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in management's confidence or a significant shift in ownership structure.

Key Dates

Keywords

Franklin Resources, BEN, Insider Transaction, Form 4, Stock Disposition, Tax Withholding, Executive Compensation, Equity Vesting