Jennifer M. Johnson - Nov 2, 2023 Form 4 Insider Report for FRANKLIN RESOURCES INC (BEN)

Role
President and CEO, Director
Signature
/s/ Virginia Rosas, Attorney-in-Fact
Stock symbol
BEN
Transactions as of
Nov 2, 2023
Transactions value $
$7,400,020
Form type
4
Date filed
11/6/2023, 06:52 PM
Previous filing
Oct 3, 2023
Next filing
Dec 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BEN Common Stock, par value $.10 Award $7.4M +314K +14.38% $23.53 2.5M Nov 2, 2023 Direct
transaction BEN Common Stock, par value $.10 Award +100K +4.01% 2.6M Nov 2, 2023 Direct F1, F2, F3
holding BEN Common Stock, par value $.10 2.36K Nov 2, 2023 By 401(k) F4
holding BEN Common Stock, par value $.10 2.63M Nov 2, 2023 By Business Limited Partnership F5, F6
holding BEN Common Stock, par value $.10 452K Nov 2, 2023 By Children or As Trustee For Children F7
holding BEN Common Stock, par value $.10 198K Nov 2, 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.