King Karen Matsushima 4
4 · FRANKLIN RESOURCES INC · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Franklin Resources (BEN) Director Karen Matsushima King Receives Award
What Happened
Karen Matsushima King, a director of Franklin Resources, Inc. (BEN), was granted 1,451.886 derivative share units on 2026-04-01 at a reported per-share value of $23.59, for a total value of $34,250. The award is a deferred compensation credit (derivative/hypothetical investment account), not an open-market purchase of common stock.
Key Details
- Transaction date: 2026-04-01; Report filed: 2026-04-02 (timely filing).
- Grant details: 1,451.886 share units @ $23.59 = $34,250 (Transaction code A = Award/Grant).
- Shares owned after transaction: not disclosed in the filing.
- Footnotes of note:
- F4: Units represent a hypothetical investment account under the 2006 Directors Deferred Compensation Plan, based on Franklin stock performance (including reinvested dividends). Payable in cash in substantially equal quarterly installments over 10 years beginning after the director’s separation from service. Account may be transferred to an alternative (non-stock) investment option.
- F2/F3: Filing references assumed separation timing for exercisable/expiration calculations and an expiration date of 01/20/2058.
- Nature of transaction: Derivative award/deferral (compensation-related), not an immediate equity purchase or sale.
Context
These units reflect deferred director compensation tied to Franklin’s stock performance and are payable in cash over time after separation, so they do not represent immediate issued shares or an outright market purchase. Such grants are routine compensation for directors and should not be read as a direct buy/sell signal of the insider’s private view on the stock.
Insider Transaction Report
- Award
Deferred Director's Fees (FRI)
[F1][F2][F3][F4]2026-04-01$23.59/sh+1,451.886$34,250→ 70,431.796 totalFrom: 2048-04-20→ Common Stock, par value $.10 (1,451.886 underlying)
Footnotes (4)
- [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]Expiration Date is 01/20/2058.
- [F4]Represents a hypothetical investment account calculation of deferred Franklin Resources, Inc.'s director's fees, under the 2006 Directors Deferred Compensation Plan, based upon the performance of Franklin Resources, Inc.'s stock (including reinvested dividends) payable in cash in substantially equal quarterly installments over ten years beginning on the earlier of the January 20, April 20, July 20 or October 20 immediately following the director's separation from service from Franklin Resources, Inc. and its subsidiaries and continuing on each January 20, April 20, July 20 and October 20 thereafter, except that if any such date is a Saturday, Sunday or holiday, then the quarterly installment shall be paid on the next business day. Reporting Person may transfer the hypothetical investment account amount into an alternative investment account not based on the performance of Franklin Resources, Inc. stock effective as of the first day of any calendar quarter.