Thiel John W 4

What Happened

• John W. Thiel, a director of Franklin Resources (ticker: BEN), was granted 7,593 shares on Feb 3, 2026. The reported per-share value is $27.00, for a total value of $205,011. The Form 4 reports this as an "A" transaction (award/grant/acquisition).

Key Details

• Transaction date: 2026-02-03; Filing date: 2026-02-04 (timely filing).
• Price per share reported: $27.00; Shares acquired: 7,593; Total reported value: $205,011.
• Transaction code: A (award/grant/other acquisition).
• Shares owned after the transaction: not specified in the information provided here — see the full Form 4 for post-transaction holdings.
• No footnotes (e.g., 10b5-1 plan or tax withholding) were provided in the summary data supplied.

Context

• This was a grant/award of shares (likely compensation or a restricted share award), which is an acquisition but not the same as an open-market purchase. Such grants align insider and shareholder interests but do not necessarily signal the insider buying stock on personal conviction. Check the full Form 4 or company disclosures for vesting terms or restrictions.