FRANKLIN RESOURCES INC (BEN) — Insider Trading

AI-Powered SEC Filing Analysis

Latest Insider Trading Filed: 2026-05-05

Key Insights

Director Karen King Matsushima received a deferred director's fee compensation of 83.7802 shares on 05/02/2026, valued at approximately $2,500 based on the $29.84 stock price, representing routine director compensation rather than discretionary insider buying.
The deferred compensation is held through Franklin Resources' 2006 Directors Deferred Compensation Plan with a hypothetical investment account structure tied to company stock performance, bringing total beneficial ownership in the derivative to 71,429.4007 shares equivalent.
The transaction involves deferred fees payable in cash over ten years following separation from service, indicating this is a compensation mechanism rather than a signal of insider confidence or concern about stock valuation.
Filing is routine and non-material as it reflects standard director compensation deferral practices rather than open market transactions, with no indication of significant insider trading activity or confidence signals.

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Earlier Insider Trading filings

Filed: 2026-04-22

Franklin Resources sold 1,672,535 shares of Clarion Partners Real Estate Income Fund on 04/20/2026 at $11.36 per share, representing a significant divestment of approximately $19 million from this real estate fund investment.
FRI maintains a substantial remaining position of 6,786,562.727 shares across four share classes (Class S, T, D, and I), with Class I shares comprising the majority at 6,682,750.699 shares, indicating continued exposure to the real estate income fund despite the recent sale.
The transaction was executed through an affiliate relationship rather than as a direct officer or director position, suggesting this is a portfolio management decision at the fund level rather than insider trading activity by FRI executives.

Filed: 2026-04-20

Franklin Resources redeemed 88,028.169 Class I shares and purchased 88,105.727 Class S shares on April 16, 2026, indicating active portfolio rebalancing and maintenance of share class liquidity in response to investor activity.
The transaction maintains Franklin Resources' substantial ownership position of approximately 8.46 million shares across four share classes (Class I, S, T, and D), demonstrating continued significant stake in Clarion Partners Real Estate Income Fund.
The share price at transaction was approximately $11.35-$11.36, suggesting stable valuation during the rebalancing activity, with no indication of distressed selling or aggressive accumulation by the reporting company.

Filed: 2026-04-02

John Y. Kim, a director of Franklin Resources Inc. (BEN), acquired 1,420.0932 shares of common stock through the deferred compensation plan, indicating continued confidence in the company's performance.
The shares were acquired at a deemed price of $23.59 per share, which is in line with the current market price, suggesting the transaction was not opportunistic.
The total number of shares beneficially owned by Kim following the reported transaction increased to 76,909.1188, representing a substantial holding in the company.

Filed: 2026-04-02

Karen Matsushima, a director of Franklin Resources Inc. (BEN), has deferred $23.59 worth of director's fees into a hypothetical investment account based on the performance of BEN's stock, which now totals 70,431.7959 shares.
The deferred fees will be paid out in cash over 10 years starting on the earlier of January 20, April 20, July 20 or October 20 following Matsushima's separation from the company.
Matsushima has the ability to transfer the hypothetical investment account into an alternative investment not based on BEN's stock performance, effective at the start of any calendar quarter.

Filed: 2026-02-04

The reporting person, John Y. Kim, is a director of Franklin Resources Inc. (BEN), indicating his relationship with the issuer.
Kim has deferred a portion of his director's fees, which are now held in a hypothetical investment account that tracks the performance of Franklin Resources' stock, including reinvested dividends.
The deferred director's fees will be paid out in a single payment following Kim's separation from service from Franklin Resources and its subsidiaries, which is expected to occur in the February after his 75th birthday.

Filed: 2026-02-04

Geoffrey Y. Yang, a director of Franklin Resources Inc. (BEN), acquired 7,593 shares of the company's common stock on February 3, 2026 at a price of $27 per share, increasing his direct beneficial ownership to 74,064 shares.
This insider purchase transaction suggests that Mr. Yang believes the company's stock is undervalued and has confidence in the company's future prospects.
Insider buying can be a positive signal for investors, as it indicates management's belief in the company's growth potential.

Filed: 2026-02-04

The reporting person, Seth H. Waugh, is a director at Franklin Resources Inc. (BEN), indicating a continued involvement and influence within the company.
Waugh has acquired additional deferred director's fees in the form of common stock, which may suggest his commitment to the long-term performance and success of the company.
The deferred director's fees are structured to be payable in a single lump sum following Waugh's separation from service, providing him with a vested interest in the company's future.

Filed: 2026-02-04

The filing indicates that Alexander S. Friedman, a director of Franklin Resources Inc. (BEN), acquired $27 worth of deferred director's fees in the form of Franklin Resources Inc. common stock on February 3, 2026.
The deferred director's fees are held in a hypothetical investment account that tracks the performance of Franklin Resources Inc.'s stock, including reinvested dividends, and will be payable in one payment following Friedman's separation from service from the company.
Friedman has the ability to transfer the hypothetical investment account amount into alternative investment accounts not based on Franklin Resources Inc.'s stock performance on the first day of any calendar quarter.

Filed: 2026-02-04

Karen Matsushima King, a director at Franklin Resources Inc. (BEN), has deferred $68,979.9095 worth of director's fees into the company's stock, indicating her confidence in the company's long-term performance.
The deferred director's fees are tied to the performance of Franklin Resources' stock, including reinvested dividends, and will be paid out in cash over a 10-year period starting after her separation from the company.
The reporting of this insider transaction provides transparency into the director's financial alignment with shareholders, which could be seen as a positive signal by investors.

Filed: 2026-02-04

John W Thiel, a director at Franklin Resources Inc (BEN), acquired 7,593 shares of the company's common stock at a price of $27 per share on February 3, 2026.
This insider purchase represents a direct increase in Thiel's beneficial ownership of BEN, which now stands at 40,792 shares.
Insider buying can be a positive signal, suggesting the director's confidence in the company's outlook and future performance.

Filed: 2026-02-04

The reporting person, Anthony Noto, acquired 7,593 shares of Franklin Resources Inc. (BEN) common stock at a price of $27 per share on February 4, 2026.
This transaction increases Noto's direct beneficial ownership in BEN to 47,152 shares, indicating a positive sentiment towards the company.
Insider buying activities, such as this transaction, can be viewed as a signal of the reporting person's confidence in the company's future performance.

Filed: 2026-02-04

Mariann H. Byerwalter, a director of Franklin Resources Inc., acquired 7,593 shares of the company's common stock, increasing her indirect beneficial ownership to 34,781 shares.
The transaction was executed at a price of $27 per share, indicating Byerwalter's confidence in the company's future performance.
Insider buying can be a positive signal for investors, as it suggests the director believes the stock is undervalued and has the potential for future growth.

Filed: 2026-01-16

Franklin Resources Inc. (BEN) has sold 1,581,722.32 shares of Clarion Partners Real Estate Income Fund Inc. at $11.38 per share, reducing its direct ownership to 8,459,020.38 shares.
BEN owns shares across multiple share classes of the issuer, including 5,223.242 Class S Shares, 5,232.408 Class T Shares, 5,250.651 Class D Shares, and 8,443,314.079 Class I Shares.
The insider transaction represents a reduction in BEN's ownership stake, which could signal a shift in the company's investment strategy or portfolio allocation.

Filed: 2026-01-12

The filing indicates that Karen Matsushima King, a director of Franklin Resources Inc. (BEN), acquired a hypothetical investment account related to deferred director's fees on January 11, 2026. This suggests ongoing engagement and investment in the company by a member of the board.
The deferred director's fees are tied to the performance of Franklin Resources' stock, including reinvested dividends, indicating that the director's compensation is aligned with shareholder interests.
The filing outlines the terms of the deferred compensation plan, including the payment schedule and the director's ability to transfer the hypothetical investment account to an alternative investment not based on Franklin Resources' stock performance.

Other reports for FRANKLIN RESOURCES INC

Quarterly Report Current Report

Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.