Franklin Resources chair has 10.6K shares withheld
Rhea-AI Filing Summary
FRANKLIN RESOURCES INC (BEN) Executive Chairman Gregory E. Johnson reported a disposition of 10,568 shares of common stock on August 31, 2026, at $34.15 per share to satisfy tax liability by withholding securities incident to the vesting of an equity award issued under Rule 16b-3. Following this transaction, he holds 2,676,986 shares directly, including 25,664 unvested restricted stock units. He also reports indirect holdings through a 401(k) plan, business and venture limited partnerships he controls, and shares held by his spouse and children, with beneficial ownership of certain family-related holdings disclaimed. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 10,568 shares
Tax Withholding
6 txns
Insider
JOHNSON GREGORY E
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $.10 F1, F2 | 10,568 | $34.15 | $361K |
| holding | Common Stock, par value $.10 F3 | -- | -- | -- |
| holding | Common Stock, par value $.10 F4 | -- | -- | -- |
| holding | Common Stock, par value $.10 F5 | -- | -- | -- |
| holding | Common Stock, par value $.10 F6 | -- | -- | -- |
| holding | Common Stock, par value $.10 F7 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $.10 — 2,676,986 shares (Direct);
Common Stock, par value $.10 — 7,960.318 shares (Indirect, By 401(k));
Common Stock, par value $.10 — 2,573,100 shares (Indirect, By Business Limited Partnership);
Common Stock, par value $.10 — 254,959 shares (Indirect, By Children or As Trustee For Children);
Common Stock, par value $.10 — 27,716 shares (Indirect, By Spouse);
Common Stock, par value $.10 — 396,000 shares (Indirect, By Venture Limited Partnership)
Footnotes (7)
- F1. Reflects payment of tax liability by withholding securities incident to the vesting of a security issued in accordance with Rule 16b-3.
- F2. Of the amount of securities beneficially owned, 25,664 shares represent unvested restricted stock unit awards.
- F3. Reporting Person holds shares in the Franklin Templeton 401(k) Retirement Plan. Information is based on a plan statement as of July 10, 2026.
- F4. Business limited partnership under control of Reporting Person.
- F5. Shares held by Reporting Person's children or by Reporting Person as trustee for his children. Reporting Person disclaims beneficial ownership of such shares.
- F6. Shares held by Reporting Person's spouse. Reporting Person disclaims beneficial ownership of such shares.
- F7. Limited partnership under control 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.
Key Figures
Shares withheld for tax: 10,568 shares
Per-share value for tax withholding: $34.15 per share
Direct holdings after transaction: 2,676,986 shares
+5 more
8 metrics
Shares withheld for tax
10,568 shares
Common stock delivered or withheld on August 31, 2026 to pay tax liability
Per-share value for tax withholding
$34.15 per share
Value used for 10,568 shares withheld on August 31, 2026
Direct holdings after transaction
2,676,986 shares
Common stock held directly by Gregory E. Johnson after August 31, 2026 event
Unvested restricted stock unit awards
25,664 shares
Portion of directly owned securities representing unvested RSU awards
401(k) plan holdings
7,960.318 shares
Shares held in Franklin Templeton 401(k) Retirement Plan based on statement as of July 10, 2026
Business limited partnership holdings
2,573,100 shares
Indirect ownership through a business limited partnership under his control
Children-related holdings
254,959 shares
Shares held by his children or by him as trustee for his children; beneficial ownership disclaimed
Spouse holdings
27,716 shares
Shares held by his spouse; beneficial ownership disclaimed
Key Terms
Rule 16b-3, restricted stock unit awards, beneficial ownership, disclaims beneficial ownership, +1 more
5 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 unit awards financial
"25,664 shares represent unvested restricted stock unit awards"
Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.
beneficial ownership financial
"Of the amount of securities beneficially owned, 25,664 shares represent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
disclaims beneficial ownership financial
"Reporting Person disclaims beneficial ownership of such shares"
401(k) Retirement Plan financial
"holds shares in the Franklin Templeton 401(k) Retirement Plan"
FAQ
What did BEN Executive Chairman Gregory E. Johnson report on this Form 4?
He reported that 10,568 shares of Franklin Resources common stock were delivered or withheld on August 31, 2026 to pay tax liability related to the vesting of an equity award issued under Rule 16b-3.
What indirect holdings in BEN does Gregory E. Johnson report?
He reports indirect holdings of 7,960.318 shares in a 401(k) plan, 2,573,100 shares through a business limited partnership, 27,716 shares held by his spouse, 254,959 shares held by or for his children, and 396,000 shares through a venture limited partnership.
Was this BEN Form 4 transaction made under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 trading plan checkbox is not selected, and there is no footnote stating that the reported transaction was made under a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
