Franklin Resources Inc SEC Filings

Franklin Resources (BEN), a 10% owner and affiliate of the investment adviser to Clarion Partners Real Estate Income Fund Inc., reported a sale of common stock. On 10/15/2025, the filer disclosed a Code S transaction of 1,614,310.646 shares at $11.46 per share. Following the sale, the filer reported beneficial ownership of 11,796,668.951 shares, held directly.

The filer notes these holdings span four share classes, primarily Class I Shares. The report was signed by an authorized officer on behalf of Franklin Resources, Inc. and its subsidiaries.

Franklin Resources (BEN) reported an insider equity award. A company officer (Co‑President, Chief Commercial) acquired 442,870 shares of common stock on 10/15/2025 at $22.79 per share, as disclosed on Form 4. The filing explains these shares represent unvested restricted stock unit awards.

Following the transaction, the officer beneficially owns 442,870 shares, held directly.

Franklin Resources, Inc. (BEN) filed a Form 3 initial statement of beneficial ownership for an officer serving as Co‑President, Chief Commercial. The event date is 10/15/2025.

The filing states no securities are beneficially owned. It was filed by one reporting person and signed by an attorney‑in‑fact. This is an administrative disclosure under Section 16.

Franklin Resources (BEN): The company’s Chief Accounting Officer reported purchasing 7,637 shares of common stock at $22.92 on 10/14/2025. After the transaction, the reporting person beneficially owned 28,727.4565 shares. Of this amount, 15,045 shares are unvested restricted stock unit awards. Ownership is reported as direct.

Franklin Resources, Inc. and affiliates report beneficial ownership of 23,675,636 Class I shares of Clarion Partners Real Estate Income Fund, equal to 29.4% of the 80,641,410 outstanding Class I shares as of 10/02/2025. The position reflects two principal purchases: 13,395,273 shares acquired for $149,035,935 (including $50,000,000 from Legg Mason working capital) held in a Franklin corporate account, and 10,280,362 shares bought for $127,948,346 for fiduciary accounts managed by Franklin affiliates. Recent open-market purchases through Fiduciary Trust Company International include a 110,331-share block on 10/02/2025 at $11.43 per share. The filing states the shares were acquired for investment and to support the issuer’s commercial real estate investments, and the Reporting Persons reserve the right to buy or sell depending on market and issuer conditions.

Kim John Y, a director of Franklin Resources, Inc. (BEN), reported on 10/01/2025 the acquisition of 1,375.3327 shares of Common Stock under the companys 2006 Director Deferred Compensation Plan representing deferred directors fees. The reported price per share is $22.54. Following the transaction the reporting person beneficially owns 64,750.0775 shares. The filing states these shares reflect a hypothetical investment account based on Franklin Resources stock performance (including reinvested dividends) and may be moved to non-stock alternative investments effective each calendar quarter. The shares are shown with an assumed exercisable/expiration date of 04/20/2036.

Franklin Resources, Inc. and affiliates report beneficial ownership of 23,532,745 Class I shares of Clarion Partners Real Estate Income Fund Inc., representing 30.4% of the 77,427,242 outstanding Class I shares as of September 19, 2025. The position includes 13,395,273 shares held in a Franklin corporate account and 10,137,471 shares held for fiduciary accounts managed by Franklin's investment management subsidiaries, including a fund managed by Franklin Advisers, Inc.

The filing states the shares were acquired for investment and to facilitate the issuer's commercial real estate investment activities. Recent open-market purchases on Nasdaq for fiduciary accounts are listed (small, dated trades in July–September 2025) and the issuer completed a repurchase through a tender offer of 1,519,097 shares at $11.52 per share on July 30, 2025. No current plans or proposals for control, business combination or disposition are disclosed.

Karen Matsushima, a director of Franklin Resources, Inc. (BEN), reported a non-derivative acquisition on 09/16/2025 converting deferred director's fees into a hypothetical investment account denominated in Franklin common stock. The filing records 103.1353 shares credited on that date at a price basis of $24.24 and shows total beneficial ownership of 56,664.5004 shares held directly. The deferral is governed by the 2006 Directors Deferred Compensation Plan and is payable in substantially equal quarterly cash installments over ten years beginning after the director’s separation from service; alternative investment elections are permitted. The filing includes exercisable/expiration timing assumptions tied to separation and age and lists exercisable and expiration dates of 04/20/2048 and 01/20/2058 respectively.

FRANKLIN RESOURCES, INC. and related reporting persons report that a wholly owned subsidiary previously acquired 60 common shares of FRANKLIN BSP REAL ESTATE DEBT BDC for $1,500 using working capital. Certain investment funds affiliated with Franklin sold an aggregate 20,167,415 common shares of the issuer at $26.39 per share, which caused the reporting persons to cease being beneficial owners of more than 5% of the issuer's outstanding shares. This amendment is stated to be the final amendment to the Schedule 13D and an exit filing reflecting that the reporting persons no longer hold a >5% stake. Ownership detail shows the subsidiary retains 60 shares with sole dispositive power.