Franklin Resources Executive Chair Boosts Stake to Over 5.9M Shares Through Trust Payout
Rhea-AI Filing Summary
Gregory E. Johnson, Executive Chairman and Director of Franklin Resources (NYSE: BEN), reported significant beneficial ownership changes on June 23, 2025. Johnson received 458,790 shares as a maturity payment from an irrevocable grantor retained annuity trust, increasing his direct ownership to 2,664,868 shares.
Johnson's total beneficial ownership includes multiple indirect holdings:
- 7,576 shares through 401(k) plan
- 2,573,100 shares via business limited partnership under his control
- 252,415 shares held by/for children as trustee
- 26,444 shares held by spouse
- 396,000 shares through venture limited partnership
The transaction was coded as 'J' (Other) and represents an estate planning-related distribution. Johnson disclaims beneficial ownership of shares held in children's trusts, spouse's holdings, and certain partnership interests.
Positive
- Executive Chairman Gregory E. Johnson received 458,790 shares through a maturity payment from a grantor retained annuity trust, demonstrating significant insider ownership retention
- Johnson maintains substantial total beneficial ownership of over 5.9 million shares through various direct and indirect holdings, indicating strong alignment with shareholder interests
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
JOHNSON GREGORY E
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock, par value $.10 | 458,790 | $0.00 | $0.00 |
| holding | Common Stock, par value $.10 | -- | -- | -- |
| holding | Common Stock, par value $.10 | -- | -- | -- |
| holding | Common Stock, par value $.10 | -- | -- | -- |
| holding | Common Stock, par value $.10 | -- | -- | -- |
| holding | Common Stock, par value $.10 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $.10 — 2,664,868 shares (Direct);
Common Stock, par value $.10 — 7,576.3639 shares (Indirect, By 401(k));
Common Stock, par value $.10 — 2,573,100 shares (Indirect, By Business Limited Partnership);
Common Stock, par value $.10 — 252,415 shares (Indirect, By Children or As Trustee For Children);
Common Stock, par value $.10 — 26,444 shares (Indirect, By Spouse);
Common Stock, par value $.10 — 396,000 shares (Indirect, By Venture Limited Partnership)
Footnotes (7)
- F1. Reporting Person received shares as maturity payment from the independent trustee of separate irrevocable grantor retained annuity trust for estate planning purposes.
- F2. Not applicable.
- F3. Reporting Person holds shares in the Franklin Templeton 401(k) Retirement Plan. Information is based on a plan statement as of April 11, 2025.
- 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is Gregory Johnson's total direct ownership of BEN stock after the June 2025 transaction?
Following the reported transaction, Gregory Johnson directly owned 2,664,868 shares of Franklin Resources (BEN) common stock.
What positions does Gregory Johnson hold at Franklin Resources (BEN)?
Gregory Johnson serves as both Director and Executive Chairman of Franklin Resources (BEN), as indicated in the Form 4 filing.
What was the nature of Gregory Johnson's BEN stock acquisition in June 2025?
The acquisition was coded as a 'J' transaction, representing shares received as a maturity payment from an independent trustee of a separate irrevocable grantor retained annuity trust (GRAT) established for estate planning purposes.