Kim John Y 4

What Happened

• Director Kim John Y was credited with 1,420.093 shares of Franklin Resources Inc. (BEN) on 2026-04-01 as an award/acquisition (transaction code A). The filing values the acquisition at $23.59 per share, for a total reported value of $33,500. This is a derivative/deferred-compensation credit rather than an open-market purchase.

Key Details

• Transaction date: 2026-04-01; SEC filing date: 2026-04-02 (timely).
• Price used for valuation: $23.59 per share; total value: $33,500.
• Shares owned after transaction: not disclosed in this filing.
• Footnotes:
  • F1: Not applicable.
  • F2: Exercisable/expiration dates are modeled assuming the director separates in February after turning 75.
  • F3: The award represents a hypothetical investment account credit under the 2006 Director Deferred Compensation Plan, based on BEN stock performance (including reinvested dividends); the reporting person may transfer the account into non-stock-based investment options effective the first day of any calendar quarter.
• Filing appears timely (no late filing flag).

Context

• This transaction is a derivative/deferred-compensation credit (not an exercise-and-sell or open market trade). It reflects the plan’s accounting of director fees tied to Franklin stock performance and does not by itself indicate buying or selling intent in the public market.