Franklin Resources CAO has 2,598 shares withheld

Franklin Resources’ chief accounting officer had shares withheld to cover taxes on vesting equity, ending with about 26,129 shares reported as beneficially owned.

Rhea-AI Filing Summary

Franklin Resources Inc (BEN) reported that Chief Accounting Officer Lindsey Harumi Oshita had 2,598 shares of common stock withheld on August 31, 2026 to pay tax liabilities related to vesting equity awards, at a reference value of $34.15 per share.

After this tax-withholding disposition, Oshita directly beneficially owned 26,129.4565 shares of common stock, including 7,812 shares represented by unvested restricted stock units. No transactions were reported under a Rule 10b5-1 trading plan.

Insider Trade Summary

Tax Withholding: 2,598 shares

Tax Withholding 1 txn

Insider Oshita Lindsey Harumi

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock, par value $.10 F1, F2	2,598	$34.15	$89K

Holdings After Transaction: Common Stock, par value $.10 — 26,129.4565 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, 7,812 shares represent unvested restricted stock units.

Key Figures

Shares withheld for taxes: 2,598 shares Reference price per share: $34.15 per share Shares beneficially owned after transaction: 26,129.4565 shares +1 more

4 metrics

Shares withheld for taxes 2,598 shares Common stock withheld on August 31, 2026 to pay tax liability

Reference price per share $34.15 per share Value applied to the 2,598 withheld shares

Shares beneficially owned after transaction 26,129.4565 shares Directly owned Franklin Resources common stock after August 31, 2026 withholding

Unvested restricted stock units 7,812 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

"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

"7,812 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, 7,812 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Franklin Resources (BEN) disclose for Lindsey Harumi Oshita?

The company disclosed that Lindsey Harumi Oshita had 2,598 shares of Franklin Resources common stock withheld on August 31, 2026 to pay tax liabilities associated with vesting equity awards, rather than an open-market sale.

What price per share was used for the tax-withholding shares in the BEN Form 4?

The tax-withholding disposition used a reference value of $34.15 per share for the 2,598 shares of Franklin Resources common stock withheld to satisfy tax liabilities tied to vesting equity awards.

How many Franklin Resources (BEN) shares does Lindsey Harumi Oshita hold after the reported transaction?

After the August 31, 2026 transaction, Lindsey Harumi Oshita is reported as directly beneficially owning 26,129.4565 shares of Franklin Resources common stock, including 7,812 shares represented by unvested restricted stock units.

Was the Franklin Resources (BEN) insider transaction made under a Rule 10b5-1 plan?

No. The filing indicates no Rule 10b5-1 trading plan for this transaction; it reflects shares withheld to pay tax liabilities upon vesting of an equity award issued under Rule 16b-3.

Did Lindsey Harumi Oshita sell Franklin Resources (BEN) shares in the open market?

No open-market sale is reported. The Form 4 shows 2,598 shares withheld as payment of tax liability incident to vesting of a Rule 16b-3 equity award, which reduces reported holdings but is not a discretionary market sale.

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

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Available on EDGAR 09/02/2026 - 04:20 PM EDT Accepted by SEC EDGAR 09/02/2026 - 04:19 PM EDT 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^*

Oshita Lindsey Harumi

(Last) (First) (Middle)

C/O FRANKLIN TEMPLETON, INC.

ONE FRANKLIN PARKWAY

(Street)

SAN MATEO CALIFORNIA 94403

(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)
	Chief Accounting Officer

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		2,598(1)	D	$34.15	26,129.4565(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, 7,812 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)