Insider trade

10% owner purchased ~$1.07M of BEN shares in the open market

Traded Nov 18, 2025 · Filed Nov 19, 2025

Franklin ResourcesBEN

~$1.07M
Reported value · 50K sh @ $21.4895: 90.1M
Holds after · shares reported: +51.6%
stock since the trade · S&P 500 +15.7%, $21.44 → $32.50 on Oct 1

Why it stands out

A big owner of Franklin Resources spent $1.07M of their very own money to buy Franklin Resources shares.

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 Ownership

All the details

Dates, kept separate

Transaction date: Nov 18, 2025
Reporting period: Not applicable
Filed with the SEC: Nov 19, 2025

10% owner$1M+Holdings +0%

Context

Classification

open market purchase

Code P — open-market or private purchase

Absolute commitment

~$1,074,475

Shares × reported transaction price

Size band

$1M+

Ownership change

+0.1%

Purchase shares ÷ estimated pre-transaction holdings, from the filing

Rarity

Not enough history to judge

Confirmed open-market purchases by the same insider in the available history

Cluster activity

No other insider purchases within 30 days

Distinct insiders at the same issuer with confirmed open-market purchases

Timing vs results

11 days after results of Nov 7, 2025, 73 days before results of Jan 30, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $21.44 on Nov 18, 2025, 29% above its 52-week low and 18% below its high, after an 8% drop over the previous 30 trading days

52-week range $16.66 (Apr 8, 2025) to $26.03 (Aug 13, 2025), 51% of the way up, from 250 adjusted closes. 30 trading days earlier: $23.40 on Oct 7, 2025. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+6.7%	+4.7%	+1.9%
30 days	+16.1%	+5.0%	+11.2%
90 days	+31.8%	+5.2%	+26.6%
180 days	+45.4%	+12.4%	+32.9%

Past results only. Not a forecast.

Source receipt

Record ID: 0000038777-25-000261
Filed / recorded: Nov 19, 2025, 10:59 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: JOHNSON CHARLES B
Relationship: 10% owner
Security: Common Stock, par value $.10
Table: Non-derivative (Table I)
Transaction date: Nov 18, 2025
Transaction code: P
Shares / units: 50,000
Price per share: $21.4895
Acquired / disposed: Acquired (A)
Shares owned after: 90,087,677
Ownership form: Direct
Amendment: No

Footnotes from the filing

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.43 to $21.57, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.