Thomas C. Merchant - Nov 2, 2023 Form 4 Insider Report for FRANKLIN RESOURCES INC (BEN)

Role
EVP, General Counsel
Signature
/s/ Virginia Rosas, Attorney-in-Fact
Stock symbol
BEN
Transactions as of
Nov 2, 2023
Transactions value $
$400,010
Form type
4
Date filed
11/6/2023, 06:58 PM
Previous filing
Sep 5, 2023
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BEN Common Stock, par value $.10 Award $400K +17K +51.65% $23.53 49.9K Nov 2, 2023 Direct
transaction BEN Common Stock, par value $.10 Award +4.46K +8.94% 54.4K Nov 2, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On 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, 36,201 shares represent unvested restricted stock unit awards (which excludes the unvested restricted stock units scheduled to vest on December 1, 2023 as reported in Footnote 1).