Franklin Templeton Co-President Daniel Gamba Disposes Shares for Tax Withholding
FRANKLIN TEMPLETON INC
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Filing Summary
š Form 4 Filing: Franklin Templeton Inc ($BEN)
š¤ Insider: Daniel Gamba (Co-President, Chief Commercial) š Transaction Date: August 31, 2026 š Transaction Type: Tax Withholding (Code F) š Shares Disposed: 64,136 @ $34.15 š° Total Value: $2,190,244.40 š Shares Held Post-Transaction: 608,584
Note: Shares withheld to satisfy tax liability incident to vesting of equity awards.
Comprehensive Analysis
Executive Summary
On August 31, 2026, Daniel Gamba, Co-President and Chief Commercial officer of Franklin Templeton Inc ($BEN), had 64,136 shares of common stock withheld at a price of $34.15 per share, totaling approximately $2.19 million, to cover tax obligations arising from equity vesting.
Transaction Breakdown
- Security: Common Stock, par value $.10
- Transaction Code: F (Payment of tax liability by withholding securities incident to the vesting of a security)
- Shares Transacted: 64,136
- Execution Price: $34.15
- Gross Value: $2,190,244.40
- Ownership Post-Transaction: 608,584 shares held directly (including 525,096 unvested restricted stock units)
Market & Strategic Context
This transaction was non-discretionary and executed automatically pursuant to Rule 16b-3 to cover tax liabilities associated with vesting restricted stock. Because this reflects standard administrative tax withholding rather than an open-market sale or discretionary divestment, the trading significance is rated as Low.
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Important Disclaimer
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