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

Role: Chief Executive Officer, Director
Signature: /s/ Virginia Rosas, Attorney-in-Fact
Issuer symbol: BEN
Transactions as of: 01 Dec 2025
Transactions value $: -$960,272
Form type: 4
Filing time: 03 Dec 2025, 17:04:16 UTC
Previous filing: 05 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
JOHNSON JENNIFER M	Chief Executive Officer, Director	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO	/s/ Virginia Rosas, Attorney-in-Fact	03 Dec 2025	0001010270

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BEN	Common Stock, par value $.10	Tax liability	-$960K	-42.6K	-1.26%	$22.54	3.33M	01 Dec 2025	Direct	F1, F2
holding	BEN	Common Stock, par value $.10						2.64K	01 Dec 2025	By 401(k)	F3
holding	BEN	Common Stock, par value $.10						2.64M	01 Dec 2025	By Business Limited Partnership	F4
holding	BEN	Common Stock, par value $.10						596K	01 Dec 2025	By Children or As Trustee For Children	F5
holding	BEN	Common Stock, par value $.10						217K	01 Dec 2025	By Venture Limited Partnership	F6

* 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, 587,199 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 her children. Reporting Person disclaims beneficial ownership of such shares.
F6	Limited partnership for the benefit 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.