Jennifer M. Johnson - 02 Nov 2023 Form 4 Insider Report for FRANKLIN RESOURCES INC (BEN)

Role
President and CEO, Director
Signature
/s/ Virginia Rosas, Attorney-in-Fact
Issuer symbol
BEN
Transactions as of
02 Nov 2023
Net transactions value
+$7,400,020
Form type
4
Filing time
06 Nov 2023, 18:52:54 UTC
Previous filing
03 Oct 2023
Next filing
14 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BEN Common Stock, par value $.10 Award $7,400,020 +314,493 +14% $23.53 2,501,859 02 Nov 2023 Direct
transaction BEN Common Stock, par value $.10 Award +100,246 +4% 2,602,105 02 Nov 2023 Direct F1, F2, F3
holding BEN Common Stock, par value $.10 2,362 02 Nov 2023 By 401(k) F4
holding BEN Common Stock, par value $.10 2,625,000 02 Nov 2023 By Business Limited Partnership F5, F6
holding BEN Common Stock, par value $.10 451,564 02 Nov 2023 By Children or As Trustee For Children F7
holding BEN Common Stock, par value $.10 198,000 02 Nov 2023 By Venture Limited Partnership F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 5, 2020, November 8, 2021 and November 3, 2022, 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 2, 2023, the Issuer's Compensation Committee certified that certain performance criteria with respect to the Issuer's fiscal year ended September 30, 2023 were achieved, and therefore the amount of shares reported in Column 4 are scheduled to vest on December 1, 2023.
F2 Not applicable.
F3 Of the amount of securities beneficially owned, 613,696 shares represent unvested stock unit awards (which excludes the unvested restricted stock units scheduled to vest on December 1, 2023 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 September 30, 2023.
F5 Includes 15,000 shares as previously held by business trust.
F6 Business limited partnership under control of Reporting Person.
F7 Shares held by Reporting Person's children or by Reporting Person as trustee for her children. Reporting Person disclaims beneficial ownership of such shares.
F8 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.