Gregory E. Johnson - Nov 8, 2021 Form 4 Insider Report for FRANKLIN RESOURCES INC (BEN)

Role
Executive Chairman, Director
Signature
/s/ Virginia Rosas, Attorney-in-Fact
Stock symbol
BEN
Transactions as of
Nov 8, 2021
Transactions value $
$850,004
Form type
4
Date filed
11/10/2021, 03:01 PM
Previous filing
Nov 1, 2021
Next filing
Dec 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BEN Common Stock, par value $.10 Award $850K +23.8K +1.06% $35.74 2.27M Nov 8, 2021 Direct
transaction BEN Common Stock, par value $.10 Award +30.2K +1.33% 2.3M Nov 8, 2021 Direct F1, F2, F3
holding BEN Common Stock, par value $.10 6.37K Nov 8, 2021 By 401(k) F4
holding BEN Common Stock, par value $.10 2.57M Nov 8, 2021 By Business Limited Partnership F5
holding BEN Common Stock, par value $.10 8.1K Nov 8, 2021 By Business Trust F6
holding BEN Common Stock, par value $.10 243K Nov 8, 2021 By Children or As Trustee For Children F7
holding BEN Common Stock, par value $.10 22K Nov 8, 2021 By Spouse F8
holding BEN Common Stock, par value $.10 396K Nov 8, 2021 By Venture Limited Partnership F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 1, 2019 and November 5, 2020, the Reporting Person was granted certain restricted stock units subject to vesting over a three-year period based upon satisfaction of certain performance criteria. On November 8, 2021, the Issuer's Compensation Committee certified that certain performance criteria with respect to the Issuer's fiscal year ended September 30, 2021 were achieved, and therefore the amount of shares reported in Column 4 are scheduled to vest on December 1, 2021.
F2 Not applicable.
F3 Of the amount of securities beneficially owned, 124,301 shares represent unvested restricted stock and stock unit awards (which excludes the unvested restricted stock units scheduled to vest on December 1, 2021 as reported in Footnote 1).
F4 Reporting Person holds shares in the Franklin Templeton 401(k) Retirement Plan. Information is based on a plan statement as of October 31, 2021.
F5 Business limited partnership under control of Reporting Person.
F6 Business trust for the benefit of Reporting Person and Reporting Person's children.
F7 Shares held by Reporting Person's children or by Reporting Person as trustee for his children. Reporting Person disclaims beneficial ownership of such shares.
F8 Shares held by Reporting Person's spouse. Reporting Person disclaims beneficial ownership of such shares.
F9 Limited partnership under control of Reporting Person, and owned in part by irrevocable trusts for the benefit of Reporting Person's children. Reporting Person disclaims beneficial ownership of the children's trusts.