[Form 4] Franklin Resources, Inc. Insider Trading Activity
Adam Benjamin Spector, listed as EVP, Head Global Distribution at Franklin Resources, Inc. (BEN), reported a transaction dated 08/31/2025 on Form 4. The filing discloses the disposition of 29,034 shares of common stock at a reported price of $25.66 per share, identified as withholding of shares to satisfy tax liability upon the vesting of a security issued under Rule 16b-3. After the transaction he beneficially owned 593,282 shares, of which 255,989 are unvested restricted stock units.
Adam Benjamin Spector, indicato come EVP, Responsabile della Distribuzione Globale presso Franklin Resources, Inc. (BEN), ha segnalato un'operazione datata 08/31/2025 nel modulo Form 4. La comunicazione indica la cessione di 29.034 azioni ordinarie a un prezzo riportato di $25.66 per azione, identificata come ritenuta di azioni a fronte del pagamento delle imposte alla vesting di un titolo emesso ai sensi della Rule 16b-3. Dopo l'operazione deteneva utilmente 593.282 azioni, di cui 255.989 sono unit脿 di azioni vincolate non ancora vestite.
Adam Benjamin Spector, listado como EVP, Director de Distribuci贸n Global en Franklin Resources, Inc. (BEN), inform贸 una transacci贸n fechada el 08/31/2025 en el Formulario 4. La presentaci贸n revela la disposici贸n de 29.034 acciones ordinarias a un precio informado de $25.66 por acci贸n, identificada como retenci贸n de acciones para cubrir la obligaci贸n fiscal al consolidarse un valor emitido conforme a la Rule 16b-3. Tras la operaci贸n pose铆a de forma beneficiaria 593.282 acciones, de las cuales 255.989 son unidades de acciones restringidas a煤n no consolidadas.
Adam Benjamin Spector電� Franklin Resources, Inc.(BEN)鞐愳劀 EVP, 旮�搿滊矊 鞙犿喌 毂呾瀯鞛�搿� 霌膘灛霅橃柎 鞛堨溂氅�, 08/31/2025鞛� 瓯半灅毳� Form 4鞐� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖靹滌棎電� 欤检嫕 氤挫湢 頇曥爼(vesting) 鞁� 靹戈笀 雮╇秬毳� 鞙勴暣 欤检嫕鞚� 鞗愳矞歆曥垬頃� 瓴冹溂搿� 鞁濍硠霅� 29,034欤检潣 氤错喌欤� 觳橂秳鞚�, 欤茧嫻 氤搓碃 臧�瓴� $25.66搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 頃措嫻 瓯半灅 頉� 攴鸽姅 鞙犾澋靻岇湢鞛愲靹� 齑� 593,282欤茧ゼ 氤挫湢頃橁碃 鞛堨溂氅�, 攴胳 255,989欤茧姅 鞎勳 vesting霅橃 鞎婌潃 鞝滍暅臁瓣贝攵� 欤检嫕 雼渼鞛呺媹雼�.
Adam Benjamin Spector, inscrit comme EVP, Responsable de la Distribution Mondiale chez Franklin Resources, Inc. (BEN), a d茅clar茅 une transaction dat茅e du 08/31/2025 sur le Formulaire 4. Le d茅p么t r茅v猫le la cession de 29 034 actions ordinaires 脿 un prix d茅clar茅 de $25.66 par action, identifi茅e comme une retenue d'actions pour r茅gler l'imp么t lors du vesting d'un titre 茅mis en vertu de la Rule 16b-3. Apr猫s la transaction, il d茅tenait de mani猫re b茅n茅ficiaire 593 282 actions, dont 255 989 unit茅s d'actions restreintes non encore acquises.
Adam Benjamin Spector, aufgef眉hrt als EVP, Leiter Globale Distribution bei Franklin Resources, Inc. (BEN), meldete eine Transaktion vom 08/31/2025 in Formular 4. Die Einreichung gibt die Ver盲u脽erung von 29.034 Stammaktien zu einem gemeldeten Preis von $25.66 pro Aktie an, ausgewiesen als Zur眉ckbehaltung von Aktien zur Begleichung der Steuerverpflichtung beim Vesting eines Wertpapiers, das nach Rule 16b-3 ausgegeben wurde. Nach der Transaktion besa脽 er wirtschaftlich 593.282 Aktien, davon sind 255.989 nicht verfallene Restricted Stock Units.
- Transaction is compensation-related withholding to satisfy taxes on vested awards, not a discretionary market sale
- Reporting appears compliant: Form 4 filed and signed by attorney-in-fact, showing disclosure obligations met
- Substantial retained ownership: 593,282 shares beneficially owned after the transaction, preserving alignment with shareholders
- Reduction in immediate share count: 29,034 shares were disposed of (withheld) which decreases liquid shareholdings
- Significant portion unvested: 255,989 shares are unvested RSUs, indicating future dilution or contingent holdings
Insights
TL;DR: Routine tax-withholding share disposition on RSU vesting; modest reduction in economic exposure, no new buying or strategic change.
The Form 4 documents a standard withholding sale of 29,034 shares at $25.66 to cover taxes upon vesting. This is a non-dispositive, administrative transaction tied to compensation rather than a market-directed sale. The reporting person retains substantial ownership of 593,282 shares including 255,989 unvested RSUs, so voting and economic interest remain largely intact. There are no indications of additional derivative transactions or change in control intentions.
TL;DR: Compliance filing confirms insider met reporting obligations; transaction is compensation-related withholding, not a discretionary sale.
The Form 4 appears complete and signed by an attorney-in-fact, indicating procedural compliance. The nature of the disposition is explicitly described as tax-withholding upon vesting, which is common for executives receiving RSUs. Retained beneficial ownership remains significant, and the filing shows no red flags such as sudden large disposals or policy-evading trades.
Adam Benjamin Spector, indicato come EVP, Responsabile della Distribuzione Globale presso Franklin Resources, Inc. (BEN), ha segnalato un'operazione datata 08/31/2025 nel modulo Form 4. La comunicazione indica la cessione di 29.034 azioni ordinarie a un prezzo riportato di $25.66 per azione, identificata come ritenuta di azioni a fronte del pagamento delle imposte alla vesting di un titolo emesso ai sensi della Rule 16b-3. Dopo l'operazione deteneva utilmente 593.282 azioni, di cui 255.989 sono unit脿 di azioni vincolate non ancora vestite.
Adam Benjamin Spector, listado como EVP, Director de Distribuci贸n Global en Franklin Resources, Inc. (BEN), inform贸 una transacci贸n fechada el 08/31/2025 en el Formulario 4. La presentaci贸n revela la disposici贸n de 29.034 acciones ordinarias a un precio informado de $25.66 por acci贸n, identificada como retenci贸n de acciones para cubrir la obligaci贸n fiscal al consolidarse un valor emitido conforme a la Rule 16b-3. Tras la operaci贸n pose铆a de forma beneficiaria 593.282 acciones, de las cuales 255.989 son unidades de acciones restringidas a煤n no consolidadas.
Adam Benjamin Spector電� Franklin Resources, Inc.(BEN)鞐愳劀 EVP, 旮�搿滊矊 鞙犿喌 毂呾瀯鞛�搿� 霌膘灛霅橃柎 鞛堨溂氅�, 08/31/2025鞛� 瓯半灅毳� Form 4鞐� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖靹滌棎電� 欤检嫕 氤挫湢 頇曥爼(vesting) 鞁� 靹戈笀 雮╇秬毳� 鞙勴暣 欤检嫕鞚� 鞗愳矞歆曥垬頃� 瓴冹溂搿� 鞁濍硠霅� 29,034欤检潣 氤错喌欤� 觳橂秳鞚�, 欤茧嫻 氤搓碃 臧�瓴� $25.66搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 頃措嫻 瓯半灅 頉� 攴鸽姅 鞙犾澋靻岇湢鞛愲靹� 齑� 593,282欤茧ゼ 氤挫湢頃橁碃 鞛堨溂氅�, 攴胳 255,989欤茧姅 鞎勳 vesting霅橃 鞎婌潃 鞝滍暅臁瓣贝攵� 欤检嫕 雼渼鞛呺媹雼�.
Adam Benjamin Spector, inscrit comme EVP, Responsable de la Distribution Mondiale chez Franklin Resources, Inc. (BEN), a d茅clar茅 une transaction dat茅e du 08/31/2025 sur le Formulaire 4. Le d茅p么t r茅v猫le la cession de 29 034 actions ordinaires 脿 un prix d茅clar茅 de $25.66 par action, identifi茅e comme une retenue d'actions pour r茅gler l'imp么t lors du vesting d'un titre 茅mis en vertu de la Rule 16b-3. Apr猫s la transaction, il d茅tenait de mani猫re b茅n茅ficiaire 593 282 actions, dont 255 989 unit茅s d'actions restreintes non encore acquises.
Adam Benjamin Spector, aufgef眉hrt als EVP, Leiter Globale Distribution bei Franklin Resources, Inc. (BEN), meldete eine Transaktion vom 08/31/2025 in Formular 4. Die Einreichung gibt die Ver盲u脽erung von 29.034 Stammaktien zu einem gemeldeten Preis von $25.66 pro Aktie an, ausgewiesen als Zur眉ckbehaltung von Aktien zur Begleichung der Steuerverpflichtung beim Vesting eines Wertpapiers, das nach Rule 16b-3 ausgegeben wurde. Nach der Transaktion besa脽 er wirtschaftlich 593.282 Aktien, davon sind 255.989 nicht verfallene Restricted Stock Units.
FAQ
What did BEN insider Adam Benjamin Spector report on Form 4?
How many Franklin Resources (BEN) shares does the reporting person own after the transaction?
How many of the reported BEN shares are unvested restricted stock units?
Was the sale a market disposition or tax withholding?
Who signed the Form 4 and when?
