4Filed Sep 1, 8:00 PM ET
Franklin Templeton Co-President Daniel Gamba Sells 64,136 Shares
$BEN · FRANKLIN TEMPLETON INCResearch Summary
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Franklin Templeton Co-President Daniel Gamba Sells 64,136 Shares
What Happened
- Daniel Gamba, Co‑President & Chief Commercial Officer of Franklin Templeton (BEN), had 64,136 shares disposed to satisfy tax withholding on the vesting of a security. The shares were valued at $34.15 each for total proceeds of $2,190,244. The transaction is coded F (payment of tax liability by withholding securities).
Key Details
- Transaction date: 2026-08-31
- Filing date: 2026-09-02 (filed within the standard Form 4 window)
- Disposed: 64,136 shares at $34.15 per share; total $2,190,244
- Transaction code: F — withholding of shares to cover taxes on vesting (per Rule 16b-3)
- Shares owned after transaction: Not specified in the filing; filing notes 525,096 shares represent unvested restricted stock units (RSUs)
- Footnotes: F1 — tax liability paid by withholding securities incident to vesting; F2 — 525,096 unvested RSUs
Context
- This was a routine tax-withholding (shares withheld to cover taxes on vested awards), not an open-market buy or sell intended as a bet on the stock. Such withholdings are common when restricted stock units vest and do not, by themselves, indicate management’s view of the company’s stock.