Compensation award — excluded from discretionary-purchase analysis.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Nov 4, 2025
Reporting period
Not applicable
Filed with the SEC
Nov 5, 2025
OfficerGrant / award
Context
Classification
grant award
Code A — grant or award
Planned / mechanical clue
Footnote references vesting of compensation awards
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0000038777-25-000224
Filed / recorded
Nov 5, 2025, 10:42 PM UTC
Added to OQRO
Oct 2, 2026, 12:27 PM UTC
Parser
form4-xml-v1
Data quality
Verified: identifiers matched exactly
Issuer
FRANKLIN RESOURCES INC
Issuer CIK
38777
Ticker
BEN
Reporting person
Thomas C Merchant
Relationship
Officer
Officer title
EVP, General Counsel
Security
Common Stock, par value $.10
Table
Non-derivative (Table I)
Transaction date
Nov 4, 2025
Transaction code
A
Shares / units
16,494
Acquired / disposed
Acquired (A)
Shares owned after
100,703
Ownership form
Direct
Amendment
No
Footnotes from the filing
During prior three years, the Reporting Person was granted certain restricted stock units subject to vesting over a three-year period based upon satisfaction of certain performance criteria. On November 4, 2025, the Issuer's Compensation Committee certified that certain performance criteria with respect to the Issuer's fiscal year ended September 30, 2025 were achieved, and therefore the amount of shares reported in Column 4 are scheduled to vest on December 1, 2025.
Not applicable.
Of the amount of securities beneficially owned, 41,879 shares represent unvested restricted stock unit awards (which excludes the unvested restricted stock units scheduled to vest on December 1, 2025 as reported in Footnote 1).