Kim John Y 4

What Happened

• John Y. Kim, a director of Franklin Resources, received a grant/award of 983.559 share-equivalents (derivative) on 2026-07-01. The filing lists a per-share value of $34.06 for a total value of $33,500. This was recorded as an award/acquisition (code A) under the company’s director deferred compensation arrangements — not an open-market purchase.

Key Details

• Transaction date and terms: 2026-07-01; 983.559 share-equivalents at $34.06 each; total reported value $33,500.
• Shares owned after transaction: not specified in the filing.
• Derivative/plan notes: This award reflects a hypothetical investment account under the 2006 Director Deferred Compensation Plan (see footnote F3). It is a deferred, stock‑based calculation (including reinvested dividends) payable in one lump sum following the director’s separation from service; the account may be moved into non‑stock alternatives effective the first calendar quarter date.
• Additional note (F2): Exercisable/expiration assumptions are tied to the director’s separation timing relative to his 75th birthday (see filing).
• Timeliness: Filed 2026-07-02 for a 2026-07-01 transaction (appears timely).

Context

• This is a deferred compensation award (a derivative/share-equivalent) rather than an immediate stock purchase or sale. Such grants record the economic value of director fees tied to company stock performance and are commonly used for director compensation; they do not necessarily indicate a near-term change in voting power or an immediate market transaction.