Form 4: Franklin Resources Executive Oshita Reports Stock Transaction
SEC Form 4 Filing
Lindsey Harumi Oshita, Chief Accounting Officer of Franklin Resources, reports the disposition of 1,721 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On August 31, 2024, Lindsey Harumi Oshita, the Chief Accounting Officer of Franklin Resources Inc. (BEN), disposed of 1,721 shares of common stock to cover tax liabilities.
- The transaction was executed at a price of $20.24 per share.
- Following the transaction, Oshita beneficially owns 15,255.4565 shares of Franklin Resources common stock, of which 5,742 shares are unvested restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock transaction by an executive to cover tax obligations.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors seeking to understand management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 08/31/2024 | Date of stock transaction |
| 09/04/2024 | Date of signature on the Form 4 filing |
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