BEN 10% owner increases stake with 50,000-share purchase

Rhea-AI Filing Summary

Franklin Resources, Inc. (BEN) reported an insider share purchase by a reporting person who is a 10% owner. On 11/18/2025, the reporting person purchased 50,000 shares of Franklin Resources common stock at a weighted average price of $21.4895 per share, with individual trades ranging from $21.43 to $21.57.

After this transaction, the reporting person beneficially owned 90,087,677 shares directly. They also held 25,108.0143 shares indirectly through the Franklin Templeton 401(k) Retirement Plan, based on a plan statement as of October 10, 2025, and 4,059,651 shares indirectly through an IRA.

Insider Trade Summary

Net Buyer: 50,000 shares ($1,074,475)

Net Buy 3 txns

Insider JOHNSON CHARLES B

Role 10% Owner

Bought 50,000 shs ($1.07M)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $.10	50,000	$21.4895	$1.07M
holding	Common Stock, par value $.10	--	--	--
holding	Common Stock, par value $.10	--	--	--

Holdings After Transaction: Common Stock, par value $.10 — 90,087,677 shares (Direct); Common Stock, par value $.10 — 25,108.014 shares (Indirect, By 401(k))

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.43 to $21.57, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. Reporting Person holds shares in the Franklin Templeton 401(k) Retirement Plan. Information is based on a plan statement as of October 10, 2025.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

JOHNSON CHARLES B

(Last) (First) (Middle)

C/O FRANKLIN RESOURCES, INC.

ONE FRANKLIN PARKWAY

(Street)

SAN MATEO CA 94403-1906

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FRANKLIN RESOURCES INC [ BEN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $.10	11/18/2025		P		50,000	A	$21.4895(1)	90,087,677	D
Common Stock, par value $.10								25,108.0143	I	By 401(k)(2)
Common Stock, par value $.10								4,059,651	I	By IRA

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.43 to $21.57, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

2. Reporting Person holds shares in the Franklin Templeton 401(k) Retirement Plan. Information is based on a plan statement as of October 10, 2025.

	/s/ Virginia Rosas, Attorney-in-Fact	11/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did BEN report in this Form 4?

The filing reports that a 10% owner of Franklin Resources, Inc. (BEN) purchased 50,000 shares of common stock on 11/18/2025.

At what price were the 50,000 BEN shares purchased?

The 50,000 shares were bought at a weighted average price of $21.4895 per share, with trade prices ranging from $21.43 to $21.57.

How many BEN shares does the reporting person own after this transaction?

Following the transaction, the reporting person beneficially owned 90,087,677 shares directly, plus 25,108.0143 shares via a 401(k) plan and 4,059,651 shares via an IRA.

What types of ownership are disclosed for the BEN shares?

Ownership is reported as direct for 90,087,677 shares, and indirect for 25,108.0143 shares through a 401(k) plan and 4,059,651 shares through an IRA.

Is the reporting person a director or 10% owner of Franklin Resources (BEN)?

The form identifies the reporting person as a 10% owner of Franklin Resources, Inc. (BEN).

Does the Form 4 mention a Rule 10b5-1 trading plan for this BEN transaction?

The form includes a checkbox for transactions under a Rule 10b5-1(c) plan, but the excerpt does not indicate that this box was checked.