Franklin Resources (BEN) CEO and director reports updated stock ownership

Rhea-AI Filing Summary

Franklin Resources Inc. Chief Executive Officer and Director reported changes in her beneficial ownership of the company’s common stock. On 12/26/2025, transactions coded “G” were reported involving common stock with par value $0.10 per share. Following these transactions, she directly owned 3,330,456.0046 shares of Franklin Resources common stock. She also indirectly owned 602,009 shares through her children or as trustee for her children, 2,642.5854 shares through the Franklin Templeton 401(k) Retirement Plan, 2,637,700 shares through a business limited partnership under her control, and 216,900 shares through a venture limited partnership for her benefit and partially for irrevocable trusts for her children.

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

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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 JENNIFER M

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/26/2025

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	12/26/2025		G	V	1,272	A	(1)	3,330,456.0046	D
Common Stock, par value $.10	12/26/2025		G	V	6,360	A	(1)	602,009	I	By Children or As Trustee For Children(2)
Common Stock, par value $.10								2,642.5854	I	By 401(k)(3)
Common Stock, par value $.10								2,637,700	I	By Business Limited Partnership(4)
Common Stock, par value $.10								216,900	I	By Venture Limited Partnership(5)

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. Not applicable.

2. Shares held by Reporting Person's children or by Reporting Person as trustee for her children. Reporting Person disclaims beneficial ownership of such shares.

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

4. Business limited partnership under control of Reporting Person.

5. Limited partnership for the benefit 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.

	/s/ Virginia Rosas, Attorney-in-Fact	12/29/2025
	** 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 Franklin Resources (BEN) report in this Form 4?

The filing reports that the Chief Executive Officer and Director of Franklin Resources Inc. had changes in her beneficial ownership of common stock on 12/26/2025 in transactions coded “G”.

How many Franklin Resources (BEN) shares does the reporting person now own directly?

After the reported transactions, the reporting person directly owned 3,330,456.0046 shares of Franklin Resources common stock, par value $0.10 per share.

What indirect holdings of Franklin Resources (BEN) stock are disclosed in this Form 4?

The reporting person indirectly owned 602,009 shares through her children or as trustee for her children, 2,642.5854 shares through the Franklin Templeton 401(k) Retirement Plan, 2,637,700 shares through a business limited partnership under her control, and 216,900 shares through a venture limited partnership for her benefit and in part through irrevocable trusts for her children.

What is the reporting person’s relationship to Franklin Resources (BEN)?

The reporting person is both a Director and an Officer of Franklin Resources Inc., serving as Chief Executive Officer.

Does the reporting person disclaim beneficial ownership of any Franklin Resources (BEN) shares?

Yes. The filing states that the reporting person disclaims beneficial ownership of the shares held by her children or by her as trustee for her children, and of the portion of the venture limited partnership owned by irrevocable trusts for the benefit of her children.

What retirement plan holdings of Franklin Resources (BEN) are included for the reporting person?

The filing notes that the reporting person holds 2,642.5854 Franklin Resources common shares in the Franklin Templeton 401(k) Retirement Plan, based on a plan statement as of October 10, 2025.