Franklin director trust buys 7,593 BEN shares at $27

Franklin Resources director Mariann H. Byerwalter reported an indirect acquisition of common stock through a revocable family trust.

Rhea-AI Filing Summary

Franklin Resources director Mariann H. Byerwalter reported an indirect acquisition of common stock through a revocable family trust. On February 3, 2026, the trust acquired 7,593 shares of Franklin Resources common stock at $27 per share in a single transaction coded as an acquisition. Following this transaction, the trust beneficially owns 34,781 shares, with Byerwalter serving as sole trustee holding both voting and investment power over these shares.

Insider Trade Summary

Grant/Award: 7,593 shares

Grant/Award 1 txn

Insider Byerwalter Mariann H

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.10	7,593	$27.00	$205K

Holdings After Transaction: Common Stock, par value $.10 — 34,781 shares (Indirect, By Trust)

Footnotes (1)

1. F1. Revocable family trust for which Reporting Person is sole trustee with voting and investment power.

FAQ

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

What insider transaction did Franklin Resources (BEN) report for Mariann H. Byerwalter?

Franklin Resources director Mariann H. Byerwalter reported an indirect acquisition of 7,593 common shares. The shares were acquired on February 3, 2026 at $27 per share through a revocable family trust, increasing the trust’s total beneficial ownership to 34,781 shares.

At what price were the newly acquired Franklin Resources (BEN) shares purchased?

The newly acquired Franklin Resources shares were purchased at $27 per share. This price applied to all 7,593 common shares acquired on February 3, 2026 by a revocable family trust for which director Mariann H. Byerwalter serves as sole trustee.

How many Franklin Resources (BEN) shares does the reporting trust own after this Form 4 transaction?

After the reported transaction, the revocable family trust beneficially owns 34,781 Franklin Resources common shares. Director Mariann H. Byerwalter is the sole trustee of this trust, holding both voting and investment power over these indirectly owned shares, as disclosed in the filing footnote.

Is the Franklin Resources (BEN) Form 4 transaction direct or indirect ownership?

The Form 4 transaction reflects indirect ownership. The 7,593 acquired shares and resulting 34,781-share balance are held by a revocable family trust. Mariann H. Byerwalter is the sole trustee, with voting and investment power over the trust’s Franklin Resources holdings.

What role does Mariann H. Byerwalter hold at Franklin Resources (BEN)?

Mariann H. Byerwalter is reported as a director of Franklin Resources. The Form 4 indicates she is not an officer and not a 10% owner. The reported transaction involves shares held indirectly through a revocable family trust where she is sole trustee.

What does the trust footnote in the Franklin Resources (BEN) Form 4 indicate?

The footnote explains that the shares are held by a revocable family trust for which the reporting person is the sole trustee. It states she has both voting and investment power over the trust’s Franklin Resources common stock, clarifying the nature of her indirect beneficial ownership.

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

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Accepted by SEC EDGAR 02/04/2026 - 03:17 PM EST 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^*

Byerwalter Mariann H

(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)
02/03/2026

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
Common Stock, par value $.10	02/03/2026		A		7,593	A	$27	34,781	I	By Trust(1)

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. Revocable family trust for which Reporting Person is sole trustee with voting and investment power.

	/s/ Virginia Rosas, Attorney-in-Fact	02/04/2026
	** 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.