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.