Franklin Templeton Co-President Disposes $858K in Shares for Tax Withholding
FRANKLIN TEMPLETON INC
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Filing Summary
Franklin Templeton Inc ($BEN) - Form 4 Filing Summary Insider: Terrence Murphy (Co-President, Public Markets) Transaction Date: August 31, 2026 Type: Tax Withholding (Code F) Shares Transacted: 25,125 @ $34.15 ($858,018.75) Post-Transaction Holdings: 390,884 shares Significance: Low (Routine disposition to satisfy tax obligations upon vesting)
Comprehensive Analysis
Executive Summary
On September 2, 2026, Franklin Templeton Inc ($BEN) reported an insider transaction by Terrence Murphy, Co-President, Public Markets. On August 31, 2026, the insider disposed of 25,125 shares of Common Stock at an average price of $34.15 per share, representing a transaction value of approximately $858,018.75.
Transaction Details
- Transaction Code:
F(Payment of tax liability by withholding securities incident to vesting). - Nature of Ownership: Direct.
- Post-Transaction Beneficial Ownership: 390,884 shares (which includes 297,698 unvested restricted stock units).
Trading Significance
This disposition is categorized as Low significance as it represents standard administrative share withholding to cover statutory tax liabilities associated with the vesting of equity awards, rather than an open-market discretionary sale.
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