Franklin Templeton (BEN) CEO Jennifer M. Johnson Sells 116,053 Shares

What Happened
Jennifer M. Johnson, CEO of Franklin Templeton (BEN), had 116,053 shares disposed on August 31, 2026 to satisfy tax liabilities associated with the vesting of equity. The shares were recorded at $34.15 per share, for a total value of approximately $3,963,210. This was a tax-withholding disposition (Form 4 code F), a routine transaction tied to vesting rather than an open-market sale.

Key Details

• Transaction date: 2026-08-31; filing date: 2026-09-02. No late-filing flag indicated in the provided information.
• Price and value: 116,053 shares at $34.15 each; total ≈ $3,963,210.
• Transaction type: F = tax withholding (securities withheld to cover tax liability upon vesting).
• Holdings notes from the filing: 522,126 shares reported represent unvested restricted stock units (RSUs). Reporting person also holds shares via a Franklin Templeton 401(k) plan and various partnerships/trusts; some shares are held for or by her children (disclaimed).
• Footnotes clarify the withholding was incident to vesting and describe various account/trust holdings and disclaimers.

Context
Withholding shares to cover taxes is common when RSUs or other awards vest — the company retains/disposes of a portion of the award to satisfy withholding rather than the insider selling shares on the open market. Such transactions are typically routine and do not by themselves indicate a change in the insider's view of the company's prospects.