YANG GEOFFREY Y 4

What Happened Geoffrey Y. Yang, a director of Franklin Resources (ticker: BEN), received an award of 7,593 shares on February 3, 2026. The transaction is reported as an acquisition/award (code A) at $27.00 per share, for a total value of $205,011. This was an award/grant of shares rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-02-03 at $27.00 per share (total value $205,011).
• Shares acquired: 7,593 shares (reported as an award/grant).
• Shares owned after transaction: Not specified on the Form 4 filing.
• Footnotes/plan details: None provided on the Form 4; filing shows code A (award). No 10b5-1, tax-withholding, or cashless-sale notes listed.
• Filing timeliness: Report filed 2026-02-04 (timely; within required reporting period).

Context Awards of shares to directors are commonly part of compensation or deferred-pay programs and do not necessarily reflect immediate buying interest. Purchases (code P) are generally a clearer bullish signal; awards indicate compensation or retention. For more detail on vesting or plan terms, check the company’s proxy statement or other filings describing director compensation.