Franklin Resources (NYSE: BEN) director adds 1,407 deferred fee units

Rhea-AI Filing Summary

Franklin Resources Inc. director reports deferred fee award tied to stock performance. On 01/02/2026, the director acquired 1,407.563 units of Deferred Director's Fees under the company's 2006 Director Deferred Compensation Plan. Each unit is linked to the performance of Franklin Resources common stock, including reinvested dividends, and is payable in a lump sum after the director's separation from service.

The units are shown as exercisable and expiring on 04/20/2036, based on an assumption that separation occurs in the February following the director's 75th birthday. Following this transaction, the director beneficially holds 67,052.2113 deferred fee units on a direct basis, representing a hypothetical investment account that can be reallocated to other permitted investment accounts.

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^*

Kim John Y

(Last) (First) (Middle)

C/O FRANKLIN RESOURCES, INC.

ONE FRANKLIN PARKWAY

(Street)

SAN MATEO CA 94403

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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

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
Deferred Director's Fees (FRI)	(1)	01/02/2026		A		1,407.563		04/20/2036(2)	04/20/2036(2)	Common Stock, par value $.10	1,407.563	$23.8	67,052.2113	D(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-Fact	01/06/2026
	** 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.

FAQ

What insider transaction did Franklin Resources (BEN) disclose in this filing?

The filing shows a director acquired 1,407.563 units of Deferred Director's Fees on 01/02/2026, tied to the performance of Franklin Resources Inc. common stock under the 2006 Director Deferred Compensation Plan.

How many deferred fee units does the Franklin Resources director hold after this transaction?

After the reported transaction, the director beneficially owns 67,052.2113 deferred fee units, shown as held on a direct basis.

What security underlies the Franklin Resources director's deferred fee units?

The deferred fee units are based on the performance of Franklin Resources Inc. common stock, par value $0.10, including reinvested dividends, under the 2006 Director Deferred Compensation Plan.

When are the Franklin Resources director's deferred fees payable?

The deferred fees are payable in one payment following the director's separation from service from Franklin Resources, Inc. and its subsidiaries, as described in the plan terms.

What are the exercisable and expiration dates for the deferred fee units?

The units are listed with an exercisable date and expiration date of 04/20/2036, assuming the director's separation from service occurs in the February following the director's 75th birthday.

Can the Franklin Resources director move value out of the stock-based deferred account?

Yes. The reporting person may transfer the hypothetical investment account amount into alternative investment account(s) that are not based on Franklin Resources stock, effective as of the first day of any calendar quarter.