Kim John Y 4

What Happened

• John Y. Kim, a director of Franklin Resources, Inc. (BEN), was granted 7,592.593 shares (derivative award) on February 3, 2026. The award is reported at an imputed price of $27.00 per share for a total value of $205,000. This is an award under a director deferred compensation arrangement (not an open-market purchase or sale).

Key Details

• Transaction date and reported value: 2026-02-03; 7,592.593 shares × $27.00 = $205,000 (transaction code A — grant/award).
• Security type: Derivative (hypothetical/director deferred compensation account tied to Franklin stock performance).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes of note:
  • F2: Assumptions about exercisable/expiration dates relate to the director’s separation timing after the director’s 75th birthday.
  • F3: The award represents a hypothetical investment account under the 2006 Director Deferred Compensation Plan based on Franklin stock performance (including reinvested dividends); amounts are payable following separation and may be transferred to non-stock-based investments quarterly.
• Filing timeliness: Reported on 2026-02-04 for a 2026-02-03 transaction (appears timely).

Context

• This was a derivative award of deferred compensation, not a cash purchase or sale; such awards are common as part of director compensation and are payable after the director leaves service per plan rules. Because it’s a hypothetical/director deferred-comp account, it does not reflect an immediate buy or sell in the open market.