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Franklin Resources (BEN) director awarded new deferred compensation units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Franklin Resources director John Y. Kim received 1,420.0932 units of Deferred Director's Fees tied to the company’s stock value as compensation. The award is based on a reference price of $23.59 per unit and tracks Franklin Resources’ stock performance with reinvested dividends in a hypothetical investment account.

These deferred fees are payable in a single payment after his separation from service and have exercise and expiration mechanics tied to an assumed retirement timing. Following this grant, Kim holds a total of 76,909.1188 deferred fee units, and the transaction does not involve any open-market buying or selling of shares.

Positive

  • None.

Negative

  • None.
Insider Kim John Y
Role Director
Type Security Shares Price Value
Grant/Award Deferred Director's Fees (FRI) 1,420.093 $23.59 $33K
Holdings After Transaction: Deferred Director's Fees (FRI) — 76,909.119 shares (Direct)
Footnotes (1)
  1. Not applicable. Exercisable and expiration dates assume the director's separation from service from Franklin Resources, Inc. and its subsidiaries occurs in the February following the director's 75th birthday. See footnote below. Represents a hypothetical investment account calculation of deferred Franklin Resources Inc.'s director's fees, under the 2006 Director Deferred Compensation Plan, based upon the performance of Franklin Resources Inc.'s stock (including reinvested dividends) payable in one payment following the director's separation from service from Franklin Resources, Inc. and its subsidiaries. Reporting Person may transfer the hypothetical investment account amount into an alternative investment account(s) not based on the performance of Franklin Resources, Inc. stock effective as of the first day of any calendar quarter.
Deferred fee units granted 1,420.0932 units Deferred Director's Fees granted on 2026-04-01
Reference price per unit $23.59 per unit Price used for deferred fee award calculation
Total deferred units after grant 76,909.1188 units Deferred Director's Fees position following transaction
Conversion/Exercise price $0.00 Deferred fees payable in cash/stock with no exercise price
Exercise and expiration date 2036-04-20 Assumes separation in February after 75th birthday
Deferred Director's Fees financial
"Represents a hypothetical investment account calculation of deferred Franklin Resources Inc.'s director's fees"
2006 Director Deferred Compensation Plan financial
"under the 2006 Director Deferred Compensation Plan, based upon the performance of Franklin Resources Inc.'s stock"
hypothetical investment account financial
"Represents a hypothetical investment account calculation of deferred Franklin Resources Inc.'s director's fees"
reinvested dividends financial
"based upon the performance of Franklin Resources Inc.'s stock (including reinvested dividends)"
Reinvested dividends are payouts a shareholder receives from a company that are automatically used to buy additional shares instead of being taken as cash. For investors this acts like planting dividends back into the portfolio so each future payout can come from a slightly larger holding, helping returns compound over time and showing the difference between income you spend today and total growth of your investment.
separation from service regulatory
"payable in one payment following the director's separation from service from Franklin Resources, Inc. and its subsidiaries"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Kim John Y
(Last)(First)(Middle)
C/O FRANKLIN RESOURCES, INC.
ONE FRANKLIN PARKWAY
(Street)
SAN MATEO CALIFORNIA 94403
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
FRANKLIN RESOURCES INC [ BEN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Director's Fees (FRI)(1)04/01/2026A1,420.093204/20/2036(2)04/20/2036(2)Common Stock, par value $.101,420.0932$23.5976,909.1188D(3)
Explanation of Responses:
1. Not applicable.
2. Exercisable and expiration dates assume the director's separation from service from Franklin Resources, Inc. and its subsidiaries occurs in the February following the director's 75th birthday. See footnote below.
3. Represents a hypothetical investment account calculation of deferred Franklin Resources Inc.'s director's fees, under the 2006 Director Deferred Compensation Plan, based upon the performance of Franklin Resources Inc.'s stock (including reinvested dividends) payable in one payment following the director's separation from service from Franklin Resources, Inc. and its subsidiaries. Reporting Person may transfer the hypothetical investment account amount into an alternative investment account(s) not based on the performance of Franklin Resources, Inc. stock effective as of the first day of any calendar quarter.
/s/ Virginia Rosas, Attorney-in-Fact04/02/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did director John Y. Kim report on his Form 4 for Franklin Resources (BEN)?

John Y. Kim reported an acquisition of 1,420.0932 units of Deferred Director's Fees tied to Franklin Resources’ stock at a reference price of $23.59 per unit. This represents compensation, not an open-market stock purchase or sale.

Is the Franklin Resources (BEN) Form 4 transaction a stock purchase or sale?

The Form 4 shows a grant/award acquisition of deferred director’s fees, not a stock purchase or sale on the open market. The units are part of a hypothetical investment account that tracks Franklin Resources’ stock performance with reinvested dividends.

How many deferred fee units does John Y. Kim hold after this BEN Form 4 transaction?

After this transaction, John Y. Kim holds 76,909.1188 units of Deferred Director’s Fees. This total includes the newly awarded 1,420.0932 units credited under Franklin Resources’ 2006 Director Deferred Compensation Plan and remains a compensation-related holding.

When will the deferred director’s fees reported for Franklin Resources (BEN) be paid?

The deferred director’s fees are payable in one payment following John Y. Kim’s separation from service from Franklin Resources, Inc. and its subsidiaries. Exercisability and expiration dates assume separation occurs in the February after his 75th birthday.

Can John Y. Kim change how his Franklin Resources (BEN) deferred fees are invested?

Yes. The filing states he may transfer the hypothetical investment account amount into alternative investment accounts not based on Franklin Resources’ stock. Such transfers can be effective as of the first day of any calendar quarter under the plan.