[Form 4] Franklin Resources, Inc. Insider Trading Activity
Franklin Resources insider filing by Terrence Murphy: The report shows that on 08/31/2025 Terrence Murphy, EVP and Head of Public Markets at Franklin Resources, disposed of 19,214 shares of Franklin Resources common stock at $25.66 per share as a result of tax withholding related to the vesting of a security issued under Rule 16b-3. After that disposition, Murphy beneficially owned 139,429 shares, of which 83,801 shares are unvested restricted stock units. The Form 4 was filed as an individual report and is signed by an attorney-in-fact on 09/03/2025.
Dichiarazione interna di Franklin Resources da parte di Terrence Murphy: Il rapporto indica che il 08/31/2025 Terrence Murphy, EVP e responsabile dei mercati pubblici di Franklin Resources, ha ceduto 19.214 azioni ordinarie di Franklin Resources a 25,66 USD per azione a seguito della ritenuta fiscale collegata alla maturazione di un titolo emesso ai sensi della Rule 16b-3. Dopo tale cessione, Murphy possedeva beneficiariamente 139.429 azioni, di cui 83.801 sono unit脿 azionarie vincolate non ancora maturate. Il Modulo 4 猫 stato presentato come relazione individuale ed 猫 stato firmato per procura il 09/03/2025.
Presentaci贸n de insider de Franklin Resources por Terrence Murphy: El informe muestra que el 08/31/2025 Terrence Murphy, vicepresidente ejecutivo y jefe de Mercados P煤blicos en Franklin Resources, vendi贸 19.214 acciones ordinarias de Franklin Resources a 25,66 USD por acci贸n como consecuencia de la retenci贸n fiscal relacionada con la consolidaci贸n de un valor emitido conforme a la Regla 16b-3. Tras esa disposici贸n, Murphy pose铆a de forma beneficiaria 139.429 acciones, de las cuales 83.801 son unidades restringidas de acciones que a煤n no han consolidado. El Formulario 4 se present贸 como informe individual y fue firmado por un apoderado el 09/03/2025.
Franklin Resources 雮措秬鞛� 瓿奠嫓 鈥� Terrence Murphy: 氤搓碃靹滌棎 霐半ゴ氅� 2025雲� 08鞗� 31鞚� Franklin Resources鞚� 瓿店皽鞁滌灔 齑濎眳鞛勳瀽(EVP)鞚� Terrence Murphy臧� Rule 16b-3鞐� 霐半澕 氚滍枆霅� 歃濌秾鞚� 氤挫湢甓� 旆摑瓿� 甏�霠暅 靹戈笀 鞗愳矞歆曥垬搿� 鞚疙暣 Franklin Resources 氤错喌欤� 19,214欤茧ゼ 欤茧嫻 25.66雼煬鞐� 觳橂秳頄堨姷雼堧嫟. 頃措嫻 觳橂秳 頉� Murphy電� 齑� 139,429欤茧ゼ 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堨棃鞙茧┌, 攴� 欷� 83,801欤茧姅 鞎勳 旆摑霅橃 鞎婌潃 鞝滍暅攵� 欤检嫕 雼渼鞛呺媹雼�. Form 4電� 臧滌澑 氤搓碃搿� 鞝滌稖霅橃棃瓿� 2025雲� 09鞗� 03鞚� 雽�毽澑鞚� 靹滊獏頄堨姷雼堧嫟.
D茅claration d'initi茅 de Franklin Resources par Terrence Murphy : Le rapport indique que le 31/08/2025 Terrence Murphy, EVP et responsable des march茅s publics chez Franklin Resources, a c茅d茅 19 214 actions ordinaires de Franklin Resources au prix de 25,66 USD par action en raison d'une retenue fiscale li茅e 脿 la lev茅e d'un titre 茅mis en vertu de la Rule 16b-3. Apr猫s cette cession, Murphy d茅tenait 脿 titre b茅n茅ficiaire 139 429 actions, dont 83 801 sont des unit茅s d'actions restreintes non encore acquises. Le formulaire 4 a 茅t茅 d茅pos茅 en tant que d茅claration individuelle et sign茅 par un mandataire le 03/09/2025.
Insider-Meldung von Franklin Resources durch Terrence Murphy: Dem Bericht zufolge hat Terrence Murphy, EVP und Leiter der 枚ffentlichen M盲rkte bei Franklin Resources, am 31.08.2025 infolge einer steuerlichen Einbehaltung im Zusammenhang mit der Vesting einer unter Rule 16b-3 ausgegebenen Sicherheit 19.214 Stammaktien von Franklin Resources zu je 25,66 USD ver盲u脽ert. Nach dieser Transaktion hielt Murphy wirtschaftlich 139.429 Aktien, davon 83.801 als noch nicht vestete Restricted Stock Units. Das Formular 4 wurde als Einzelmeldung eingereicht und am 03.09.2025 von einem Bevollm盲chtigten unterzeichnet.
- Timely SEC disclosure of the transaction and beneficial ownership details
- Clarity that the disposal resulted from tax withholding on vested securities rather than an open-market sale
- Reduction in reported beneficial ownership by 19,214 shares following the withholding
- Significant portion of holdings are unvested (83,801 shares), indicating constrained liquidity
Insights
TL;DR: Routine tax-withholding disposition on vested awards; filing reflects standard executive compensation mechanics and SEC compliance.
This Form 4 documents a common post-vesting action where shares were withheld to satisfy tax obligations rather than an open-market sale. The filing names the reporting person as an executive officer and discloses the remaining beneficial ownership and the portion that is unvested, improving transparency about equity incentives. The report was filed individually and executed by an attorney-in-fact, consistent with procedural norms.
TL;DR: The transaction is not an active sale for cash proceeds but a withholding for taxes; material impact appears limited.
The disclosed disposal of 19,214 shares at $25.66 is explicitly described as tax withholding tied to vesting, which typically does not reflect a change in the holders investment intent. Post-transaction beneficial ownership is stated at 139,429 shares, with 83,801 unvested RSUs, which helps quantify the executives exposure to company equity. No other transactions or derivative activity are reported.
Dichiarazione interna di Franklin Resources da parte di Terrence Murphy: Il rapporto indica che il 08/31/2025 Terrence Murphy, EVP e responsabile dei mercati pubblici di Franklin Resources, ha ceduto 19.214 azioni ordinarie di Franklin Resources a 25,66 USD per azione a seguito della ritenuta fiscale collegata alla maturazione di un titolo emesso ai sensi della Rule 16b-3. Dopo tale cessione, Murphy possedeva beneficiariamente 139.429 azioni, di cui 83.801 sono unit脿 azionarie vincolate non ancora maturate. Il Modulo 4 猫 stato presentato come relazione individuale ed 猫 stato firmato per procura il 09/03/2025.
Presentaci贸n de insider de Franklin Resources por Terrence Murphy: El informe muestra que el 08/31/2025 Terrence Murphy, vicepresidente ejecutivo y jefe de Mercados P煤blicos en Franklin Resources, vendi贸 19.214 acciones ordinarias de Franklin Resources a 25,66 USD por acci贸n como consecuencia de la retenci贸n fiscal relacionada con la consolidaci贸n de un valor emitido conforme a la Regla 16b-3. Tras esa disposici贸n, Murphy pose铆a de forma beneficiaria 139.429 acciones, de las cuales 83.801 son unidades restringidas de acciones que a煤n no han consolidado. El Formulario 4 se present贸 como informe individual y fue firmado por un apoderado el 09/03/2025.
Franklin Resources 雮措秬鞛� 瓿奠嫓 鈥� Terrence Murphy: 氤搓碃靹滌棎 霐半ゴ氅� 2025雲� 08鞗� 31鞚� Franklin Resources鞚� 瓿店皽鞁滌灔 齑濎眳鞛勳瀽(EVP)鞚� Terrence Murphy臧� Rule 16b-3鞐� 霐半澕 氚滍枆霅� 歃濌秾鞚� 氤挫湢甓� 旆摑瓿� 甏�霠暅 靹戈笀 鞗愳矞歆曥垬搿� 鞚疙暣 Franklin Resources 氤错喌欤� 19,214欤茧ゼ 欤茧嫻 25.66雼煬鞐� 觳橂秳頄堨姷雼堧嫟. 頃措嫻 觳橂秳 頉� Murphy電� 齑� 139,429欤茧ゼ 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堨棃鞙茧┌, 攴� 欷� 83,801欤茧姅 鞎勳 旆摑霅橃 鞎婌潃 鞝滍暅攵� 欤检嫕 雼渼鞛呺媹雼�. Form 4電� 臧滌澑 氤搓碃搿� 鞝滌稖霅橃棃瓿� 2025雲� 09鞗� 03鞚� 雽�毽澑鞚� 靹滊獏頄堨姷雼堧嫟.
D茅claration d'initi茅 de Franklin Resources par Terrence Murphy : Le rapport indique que le 31/08/2025 Terrence Murphy, EVP et responsable des march茅s publics chez Franklin Resources, a c茅d茅 19 214 actions ordinaires de Franklin Resources au prix de 25,66 USD par action en raison d'une retenue fiscale li茅e 脿 la lev茅e d'un titre 茅mis en vertu de la Rule 16b-3. Apr猫s cette cession, Murphy d茅tenait 脿 titre b茅n茅ficiaire 139 429 actions, dont 83 801 sont des unit茅s d'actions restreintes non encore acquises. Le formulaire 4 a 茅t茅 d茅pos茅 en tant que d茅claration individuelle et sign茅 par un mandataire le 03/09/2025.
Insider-Meldung von Franklin Resources durch Terrence Murphy: Dem Bericht zufolge hat Terrence Murphy, EVP und Leiter der 枚ffentlichen M盲rkte bei Franklin Resources, am 31.08.2025 infolge einer steuerlichen Einbehaltung im Zusammenhang mit der Vesting einer unter Rule 16b-3 ausgegebenen Sicherheit 19.214 Stammaktien von Franklin Resources zu je 25,66 USD ver盲u脽ert. Nach dieser Transaktion hielt Murphy wirtschaftlich 139.429 Aktien, davon 83.801 als noch nicht vestete Restricted Stock Units. Das Formular 4 wurde als Einzelmeldung eingereicht und am 03.09.2025 von einem Bevollm盲chtigten unterzeichnet.
FAQ
What transaction did Terrence Murphy report on Form 4 for BEN?
How many shares does Terrence Murphy beneficially own after the reported transaction?
What was the reason given for the share disposition on the Form 4?
Who signed the Form 4 and when was it signed?
Was this Form 4 filed individually or jointly?
