Friedman Alexander S 4
4 · FRANKLIN RESOURCES INC · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Franklin Resources (BEN) Director Alexander S. Friedman Receives Award
What Happened
Alexander S. Friedman, a director of Franklin Resources, Inc. (BEN), was credited with 7,592.593 shares (derivative stock units) on 2026-02-03 at a unit value of $27.00, totaling $205,000. This transaction is reported as an award/acquisition (derivative) under the company’s director deferred compensation arrangements rather than an open‑market purchase.
Key Details
- Transaction date: 2026-02-03; filing date: 2026-02-04 (timely).
- Instrument: Derivative stock units (code A — grant/award). Price/value used: $27.00 per unit; total reported value $205,000.
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- F2: Exercisable/expiration dates assume director’s separation occurs in February after the director’s 75th birthday.
- F3: Units represent a hypothetical investment account under the 2006 Director Deferred Compensation Plan based on Franklin Resources stock performance (including reinvested dividends); the reporting person may transfer the account into non‑stock alternative investments effective quarterly.
- Filing status: Timely (no late filing indicated).
Context
This was a deferred‑compensation credit (stock‑unit award), not an immediate market purchase or sale. Such grants typically reflect director fee deferral and vest/payable terms tied to separation from service and do not necessarily signal short‑term trading intent.
Insider Transaction Report
- Award
Deferred Director's Fees (FRI)
[F1][F2][F3]2026-02-03$27.00/sh+7,592.593$205,000→ 46,008.515 totalFrom: 2046-04-20Exp: 2046-04-20→ Common Stock, par value $.10 (7,592.593 underlying)
Footnotes (3)
- [F1]Not applicable.
- [F2]Exercisable and expiration dates assume the director's separation from service from Franklin Resources, Inc. and its subsidiaries occurs in the February following the director's 75th birthday. See footnote below.
- [F3]Represents a hypothetical investment account calculation of deferred Franklin Resources Inc.'s director's fees, under the 2006 Director Deferred Compensation Plan, based upon the performance of Franklin Resources Inc.'s stock (including reinvested dividends) payable in one payment following the director's separation from service from Franklin Resources, Inc. and its subsidiaries. Reporting Person may transfer the hypothetical investment account amount into an alternative investment account(s) not based on the performance of Franklin Resources, Inc. stock effective as of the first day of any calendar quarter.