Franklin Templeton Co-President Receives Equity Grant of Over 137K Shares
FRANKLIN TEMPLETON INC
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Filing Summary
Franklin Templeton Inc. ($BEN) Form 4 Summary
Insider: Terrence Murphy (Co-President, Public Markets)
Transaction: Award / Grant (Code A)
Date: 2026-10-13
Shares Granted: 137,589 @ $31.18 (~$4.29M)
Additional Shares Certified: 3,689
Post-Transaction Direct Holdings: 532,162 shares
Trading Significance: Low (Equity Incentive Award)
Comprehensive Analysis
Executive Summary
On October 15, 2026, Franklin Templeton Inc. ($BEN) filed a Form 4 reporting equity grants awarded to Terrence Murphy, Co-President, Public Markets. On October 13, 2026, Mr. Murphy was granted 137,589 shares of common stock valued at $31.18 per share (total value of approximately $4.29 million). Additionally, the Compensation Committee certified the achievement of performance criteria for 3,689 restricted stock units scheduled to vest on December 1, 2026.
Transaction Breakdown
- Primary Grant: 137,589 shares acquired at a reference price of $31.18 per share pursuant to equity incentive compensation plans.
- Performance Certification: 3,689 shares certified under previously granted performance-based restricted stock units.
- Resulting Ownership: Following these transactions, Mr. Murphy directly holds 532,162 shares of Franklin Templeton common stock, which includes 435,287 unvested restricted stock units.
Market & Trading Significance
This filing reflects routine annual compensation and performance certification under corporate incentive plans rather than open-market buying or selling. Because these acquisitions stem from company equity awards (Code A), they convey low informational value regarding discretionary insider sentiment.
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