Form 4: Franklin Resources Executive Matthew Nicholls Reports Stock Transaction

Matthew Nicholls, EVP, CFO & COO of Franklin Resources, reported a transaction involving the withholding of 30,532 shares of common stock to cover tax liabilities.

Summary

• Matthew Nicholls, an executive at Franklin Resources, filed a Form 4 disclosing a transaction on December 1, 2024.
• The transaction involved the withholding of 30,532 shares of common stock to cover tax liabilities related to the vesting of a security.
• The shares were withheld at a price of $22.76 per share.
• Following the transaction, Nicholls beneficially owns 461,584 shares of Franklin Resources common stock.
• Of these, 225,844 shares are unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive stock transactions, and does not indicate any positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of regulatory compliance for company insiders and are common across the financial services industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives at publicly traded companies like Franklin Resources, similar to filings made by executives at companies such as BlackRock, T. Rowe Price, and State Street.
• The transaction of withholding shares for tax liabilities is a common practice in executive compensation packages across the financial industry.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding event.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, Executive Compensation, Franklin Resources, Matthew Nicholls, Restricted Stock Units, Tax Withholding