Franklin Templeton Co-President, CFO & COO Matthew Nicholls Withholds 61,533 Shares for Tax Obligations
FRANKLIN TEMPLETON INC
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Filing Summary
Franklin Templeton Inc. ($BEN) Form 4 Filing Insider: Matthew Nicholls (Co-President, CFO & COO) Action: Tax Withholding (Disposed) Shares: 61,533 @ $34.15 (~$2.10M) Remaining Direct Holdings: 717,264 shares
Comprehensive Analysis
Transaction Summary
On August 31, 2026, Matthew Nicholls, Co-President, CFO & COO of Franklin Templeton Inc. ($BEN), had 61,533 shares of common stock withheld to satisfy tax withholding obligations incident to the vesting of equity awards (Transaction Code F). The transaction occurred at an execution price of $34.15 per share, representing a total transaction value of approximately $2,101,352.
Ownership & Market Impact
- Post-Transaction Holdings: Following the withholding, Nicholls beneficially owns 717,264 shares directly, of which 339,611 represent unvested restricted stock units.
- Significance Assessment: This transaction carries Low informational significance. Dispositions coded as 'F' represent mandatory or automatic share withholdings for statutory tax liabilities upon equity vesting rather than discretionary open-market sales.
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