Franklin Resources (NYSE: BEN) grants 229,850-share award to Terrence Murphy

Rhea-AI Filing Summary

Murphy Terrence reported acquisition or exercise transactions in this Form 4 filing.

FRANKLIN RESOURCES INC Co-President, Public Markets Terrence Murphy received a grant of 229,850 shares of common stock on 2026-07-21 at $32.63 per share. Following this award, he beneficially owned 416,009 shares, of which 360,381 represent unvested restricted stock unit awards.

Insider Trade Summary

Net Buyer: 229,850 shares

Net Buy 1 txn

Insider Murphy Terrence

Role Co-President, Public Markets

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.10 F1	229,850	$32.63	$7.50M

Holdings After Transaction: Common Stock, par value $.10 — 416,009 shares (Direct)

Footnotes (1)

1. F1. Of the amount of securities beneficially owned, 360,381 shares represent unvested restricted stock unit awards.

Key Figures

Shares granted: 229,850 shares Grant price: $32.63 per share Total holdings after grant: 416,009 shares +2 more

5 metrics

Shares granted 229,850 shares Grant of common stock to Terrence Murphy on 2026-07-21

Grant price $32.63 per share Per-share value reported for the 229,850-share award

Total holdings after grant 416,009 shares Beneficially owned by Terrence Murphy following the transaction

Unvested RSU component 360,381 shares Portion of beneficially owned shares that are unvested restricted stock unit awards

Transaction date 2026-07-21 Date of the reported common stock grant

Key Terms

restricted stock unit awards, beneficially owned, par value $.10

3 terms

restricted stock unit awards financial

"360,381 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.

beneficially owned financial

"Of the amount of securities beneficially owned, 360,381 shares represent"

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.

par value $.10 financial

"Common Stock, par value $.10"

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/23/2026 - 04:31 PM Accepted by SEC EDGAR 07/23/2026 - 04:31 PM Learn about SEC filing dates

FAQ

What insider transaction did Terrence Murphy report for BEN?

Terrence Murphy reported a grant of 229,850 shares of Franklin Resources common stock on 2026-07-21 at $32.63 per share. The transaction is classified as a grant or award acquisition rather than an open-market purchase.

How many Franklin Resources (BEN) shares does Terrence Murphy hold after this grant?

After the reported grant, Terrence Murphy beneficially owned 416,009 shares of Franklin Resources common stock. This total includes a substantial component of unvested restricted stock unit awards disclosed in the footnotes.

How many of Terrence Murphy’s BEN shares are unvested restricted stock units?

Of Terrence Murphy’s beneficially owned holdings, 360,381 shares represent unvested restricted stock unit awards. These units are part of his equity-based compensation and are distinct from fully vested, freely tradable common shares.

What was the reference price for Terrence Murphy’s 229,850-share BEN grant?

The 229,850-share award to Terrence Murphy used a reference price of $32.63 per share. This price is reported as a per-share value associated with the common stock grant on 2026-07-21.

What role does Terrence Murphy hold at Franklin Resources (BEN)?

Terrence Murphy serves as Co-President, Public Markets at Franklin Resources Inc. The reported equity grant reflects compensation tied to this senior executive role overseeing the company’s public markets business.

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^*

Murphy Terrence

(Last) (First) (Middle)

C/O FRANKLIN RESOURCES, INC.

ONE FRANKLIN PARKWAY

(Street)

SAN MATEO CALIFORNIA 94403

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FRANKLIN RESOURCES 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, Public Markets

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/21/2026

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	07/21/2026		A		229,850(1)	A	$32.63	416,009	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. Of the amount of securities beneficially owned, 360,381 shares represent unvested restricted stock unit awards.

	/s/ Virginia Rosas, Attorney-in-Fact	07/23/2026
	** 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)