Alok Sethi - 01 Dec 2023 Form 4 Insider Report for FRANKLIN RESOURCES INC (BEN)

Signature
/s/ Virginia Rosas, Attorney-in-Fact
Issuer symbol
BEN
Transactions as of
01 Dec 2023
Net transactions value
-$715,661
Form type
4
Filing time
05 Dec 2023, 16:37:46 UTC
Previous filing
06 Nov 2023
Next filing
14 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BEN Common Stock, par value $.10 Tax liability $81,196 -3,168 -2.6% $25.63 117,481 01 Dec 2023 Direct F1
transaction BEN Common Stock, par value $.10 Sale $634,465 -25,000 -21% $25.38 92,481 05 Dec 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects payment of tax liability by withholding securities incident to the vesting of a security issued in accordance with Rule 16b-3.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.33 to $25.43, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff on the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Of the amount of securities beneficially owned, 67,946 shares represent unvested restricted stock units.