Franklin exec has 64K shares withheld for taxes

Co-President Daniel Gamba had shares withheld to cover tax on vesting and continues to beneficially own over 600,000 BEN shares, largely as unvested RSUs.

Rhea-AI Filing Summary

FRANKLIN RESOURCES INC (BEN) reported that Co-President and Chief Commercial officer Daniel Gamba had 64,136 shares of common stock withheld on August 31, 2026 to pay tax liabilities arising from the vesting of an equity award issued under Rule 16b-3. The shares were valued at $34.15 per share for this tax-withholding transaction. After this event, Gamba beneficially owned 608,584 shares in total, including 525,096 shares represented by unvested restricted stock units. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Tax Withholding: 64,136 shares

Tax Withholding 1 txn

Insider Gamba Daniel

Role Co-President, Chief Commercial

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock, par value $.10 F1, F2	64,136	$34.15	$2.19M

Holdings After Transaction: Common Stock, par value $.10 — 608,584 shares (Direct)

Footnotes (2)

1. F1. Reflects payment of tax liability by withholding securities incident to the vesting of a security issued in accordance with Rule 16b-3.
2. F2. Of the amount of securities beneficially owned, 525,096 shares represent unvested restricted stock units.

Key Figures

Shares withheld for tax liability: 64,136 shares Tax-withholding transaction price: $34.15 per share Shares beneficially owned after transaction: 608,584 shares +1 more

4 metrics

Shares withheld for tax liability 64,136 shares Common stock withheld on August 31, 2026 to pay tax liabilities upon vesting

Tax-withholding transaction price $34.15 per share Value used for the 64,136-share tax-withholding disposition

Shares beneficially owned after transaction 608,584 shares Total BEN common stock beneficially owned by Daniel Gamba after August 31, 2026

Unvested restricted stock units 525,096 shares Portion of beneficial ownership represented by unvested RSUs

Key Terms

Rule 16b-3, restricted stock units, beneficially owned, tax liability

4 terms

Rule 16b-3 regulatory

"vesting of a security issued in accordance with Rule 16b-3"

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

restricted stock units financial

"525,096 shares represent unvested restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

beneficially owned financial

"Of the amount of securities beneficially owned, 525,096 shares"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

tax liability financial

"payment of tax liability by withholding securities incident"

FAQ

What transaction did BEN executive Daniel Gamba report on August 31, 2026?

Daniel Gamba reported that 64,136 shares of FRANKLIN RESOURCES INC common stock were withheld to pay tax liabilities associated with the vesting of an equity award issued under Rule 16b-3, at a value of $34.15 per share.

Did the BEN Form 4 disclose an open market sale by Daniel Gamba?

No. The Form 4 reports a tax-withholding disposition, where 64,136 shares were withheld to cover tax liabilities upon vesting of an equity award, rather than an open market sale or purchase.

How many BEN shares does Daniel Gamba beneficially own after this transaction?

After the August 31, 2026 transaction, Daniel Gamba beneficially owns 608,584 shares of FRANKLIN RESOURCES INC common stock, of which 525,096 shares are represented by unvested restricted stock units.

What price per share was used for Daniel Gamba’s BEN tax-withholding transaction?

The tax-withholding disposition of 64,136 shares of FRANKLIN RESOURCES INC common stock was reported at $34.15 per share for purposes of the transaction.

Is Daniel Gamba’s BEN transaction under a Rule 10b5-1 trading plan?

The filing indicates that no Rule 10b5-1 trading plan applies, as the Rule 10b5-1 checkbox is not affirmed and no footnote states that the transaction was made pursuant to such a plan.

What portion of Daniel Gamba’s BEN holdings are unvested RSUs?

Out of 608,584 shares beneficially owned after the transaction, 525,096 shares are unvested restricted stock units, as disclosed in the footnote.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/02/2026 - 04:17 PM Accepted by SEC EDGAR 09/02/2026 - 04:16 PM Learn about SEC filing dates

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^*

Gamba Daniel

(Last) (First) (Middle)

C/O FRANKLIN TEMPLETON, INC.

ONE FRANKLIN PARKWAY

(Street)

SAN MATEO CALIFORNIA 94403-1906

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-President, Chief Commercial

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/31/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $.10	08/31/2026		F		64,136(1)	D	$34.15	608,584(2)	D

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. Reflects payment of tax liability by withholding securities incident to the vesting of a security issued in accordance with Rule 16b-3.

2. Of the amount of securities beneficially owned, 525,096 shares represent unvested restricted stock units.

	/s/ Virginia Rosas, Attorney-in-Fact	09/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)