Franklin Resources (BEN) CEO Jennifer M. Johnson Receives Award

What Happened

• Jennifer M. Johnson, CEO of Franklin Resources (BEN), reported a grant/award (Form 4 code "A") of 229,850 shares on July 21, 2026. The reported acquisition price is $32.63 per share, for a total reported value of $7,500,006. This was an award/grant rather than an open-market purchase or sale.

Key Details

• Transaction date and filing: transaction dated 2026-07-21; Form 4 filed 2026-07-23 (appears timely).
• Price and value: 229,850 shares at $32.63 each; total reported value $7,500,006.
• Nature of award: reported as code "A" (grant/award/other acquisition). Footnote F1 indicates there are 817,049 shares counted as unvested restricted stock unit (RSU) awards in the reporting person’s beneficial ownership — suggesting some or all awards may be subject to vesting.
• Holdings and disclaimers: additional footnotes note holdings in a Franklin Templeton 401(k) plan (F2), interests in a business limited partnership (F3), shares held for/reporting person’s children or as trustee (F4), and limited partnership/trust arrangements for family benefits (F5). The filing includes disclaimers of beneficial ownership for certain family trusts.
• No sale or exercise reported: this filing shows an award/grant only (not a sale or option exercise).

Context

• Awards/grants are typically part of executive compensation and may vest over time; they do not equate to an immediate open-market purchase signal. The filing does not show an immediate sale or cashless exercise tied to this award. Retail investors should view this as a compensation-related grant rather than a direct bullish or bearish trade signal.