GREGORY E. JOHNSON - 01 Dec 2025 Form 4 Insider Report for FRANKLIN RESOURCES INC (BEN)

Role: Executive Chairman, Director
Signature: /s/ Virginia Rosas, Attorney-in-Fact
Issuer symbol: BEN
Transactions as of: 01 Dec 2025
Transactions value $: -$190,688
Form type: 4
Filing time: 03 Dec 2025, 17:02:49 UTC
Previous filing: 05 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
JOHNSON GREGORY E	Executive Chairman, Director	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO	/s/ Virginia Rosas, Attorney-in-Fact	03 Dec 2025	0001010262

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BEN	Common Stock, par value $.10	Tax liability	-$191K	-8.46K	-0.31%	$22.54	2.69M	01 Dec 2025	Direct	F1, F2
holding	BEN	Common Stock, par value $.10						7.68K	01 Dec 2025	By 401(k)	F3
holding	BEN	Common Stock, par value $.10						2.57M	01 Dec 2025	By Business Limited Partnership	F4
holding	BEN	Common Stock, par value $.10						252K	01 Dec 2025	By Children or As Trustee For Children	F5
holding	BEN	Common Stock, par value $.10						26.4K	01 Dec 2025	By Spouse	F6
holding	BEN	Common Stock, par value $.10						396K	01 Dec 2025	By Venture Limited Partnership	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects payment of tax liability by withholding securities incident to the vesting of a security issued in accordance with Rule 16b-3.
F2	Of the amount of securities beneficially owned, 54,324 shares represent unvested restricted stock unit awards.
F3	Reporting Person holds shares in the Franklin Templeton 401(k) Retirement Plan. Information is based on a plan statement as of October 10, 2025.
F4	Business limited partnership under control of Reporting Person.
F5	Shares held by Reporting Person's children or by Reporting Person as trustee for his children. Reporting Person disclaims beneficial ownership of such shares.
F6	Shares held by Reporting Person's spouse. Reporting Person disclaims beneficial ownership of such shares.
F7	Limited partnership under control of Reporting Person, and owned in part by irrevocable trusts for the benefit of Reporting Person's children. Reporting Person disclaims beneficial ownership of the children's trusts.