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Franklin Resources insiders: what they own and what they did with it

None of it through sales. No officer or director reported an open-market sale in this period.

Updated Oct 9, 2026 from SEC filings · covers Oct 10, 2025 to Oct 9, 2026
1
buyer among officers and directors (2 trades), past 12 months
0 of 18
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 10, 2026 to Oct 9, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 31, 20267 executives had 290K shares ($9.9M) withheld by the company for taxes (not a market sale). That is between 0.2% and 11% of each person's total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Jennifer Johnson
Chief Executive Officer, Director
116,053$34.151.6%7.37MAug 31, 2026Sep 2, 2026
Daniel Gamba
Co-President, Chief Commercial
64,136$34.159.5%609KAug 31, 2026Sep 2, 2026
Matthew Nicholls
Co-President, CFO & COO
61,533$34.157.9%717KAug 31, 2026Sep 2, 2026
Terrence Murphy
Co-President, Public Markets
25,125$34.156.0%391KAug 31, 2026Sep 2, 2026
Gregory Johnson
Executive Chairman, Director
10,568$34.150.2%5.94MAug 31, 2026Sep 2, 2026
Thomas Merchant
EVP, General Counsel
9,807$34.1511%83KAug 31, 2026Sep 2, 2026
Lindsey Oshita
Chief Accounting Officer
2,598$34.159.0%26KAug 31, 2026Sep 2, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: no sales, against a 5-year average of 67K shares a year. 0 insiders sold; the average is 3 a year. Year by year
Latest filing: Filed Sep 2 for a tax withholding on Aug 31. Jennifer Johnson had 116K shares withheld by the company for taxes. Filing
51 SEC ownership filings in the period · See the evidence

What stands out

Charles Johnson bought 100K shares for $2.1M, first on Nov 18, 2025.Purchase, Nov 18, 2025
Tax withholding outweighed market sales: the company withheld $12.4M of officers' and directors' shares for taxes, against $0 sold on the open market. The largest was Jennifer Johnson ($4.9M withheld).Largest withholding, Aug 31, 2026

Percentages cover 13 of 18 officers and directors. 5 are left out

i
Left out: Seth Waugh (most holdings were last confirmed in 2015); Alexander Friedman, John Kim, Karen King and Daniel Gamba (held no vested shares at the start).
Disclosed company stock is not an insider's whole wealth.

Common questions

Is the Franklin Resources CEO selling stock?

No. Jennifer Johnson reported no open-market sales in the past 12 months.

Are any Franklin Resources insiders buying?

Yes. 1 officer or director reported 2 purchases in the past 12 months (Form 4 code P, which includes private purchases).

The evidence

The full ownership picture18 of 18 insiders fully reconciled · 14 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 9, 2025SoldHeld Oct 9, 2026Still held
Charles Johnson
i
Minor difference of 252 shares. Difference is under 0.5% of holdings. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
10% owner
94.12M094.19Mno sales
Vesting, gifts, unvested awards and holding lines for Charles Johnson
0shares vested or exercised
−29Kgifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock, par value $.1090,037,67790,108,421
IRACommon Stock, par value $.104,059,6514,059,651
401(k)Common Stock, par value $.1024,85625,108

Additional holdings last reported Dec 20, 2022, not confirmed since: 14,174,811 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 252 shares. Difference is under 0.5% of holdings.

Jennifer Johnson
i
Minor difference of 194 shares. Difference is under 0.5% of holdings. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Chief Executive Officer, Director
6.87M07.37Mno sales
Vesting, gifts, unvested awards and holding lines for Jennifer Johnson
0shares vested or exercised
+5.3Kgifted (net of own trusts)
−159Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock, par value $.102,956,9113,437,981
Business Limited PartnershipCommon Stock, par value $.102,637,7002,637,700
ChildrenCommon Stock, par value $.10595,649605,929
Children/NephewsCommon Stock, par value $.10464,215464,215
Venture Limited PartnershipCommon Stock, par value $.10216,900216,900
401(k)Common Stock, par value $.102,6072,739

Additional holdings last reported Nov 19, 2014, not confirmed since: 3,136,092 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 194 shares. Difference is under 0.5% of holdings.

Gregory Johnson
i
Minor difference of 384 shares. Difference is under 0.5% of holdings. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Executive Chairman, Director
5.91M05.94Mno sales
Vesting, gifts, unvested awards and holding lines for Gregory Johnson
0shares vested or exercised
+5.1Kgifted (net of own trusts)
−19Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock, par value $.102,653,0742,676,986
Business Limited PartnershipCommon Stock, par value $.102,573,1002,573,100
Venture Limited PartnershipCommon Stock, par value $.10396,000396,000
ChildrenCommon Stock, par value $.10252,415254,959
SpouseCommon Stock, par value $.1026,44427,716
401(k)Common Stock, par value $.107,5767,960

Additional holdings last reported Aug 31, 2023, not confirmed since: 2,173,435 shares. Not included in any total or percentage on this page.

Reconciliation: minor difference of 384 shares. Difference is under 0.5% of holdings.

Adam Spector
EVP, Head Global Distribution
593K0593Kno sales
Vesting, gifts, unvested awards and holding lines for Adam Spector
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock, par value $.10593,282593,282
Matthew Nicholls
Co-President, CFO & COO
398K0717Kno sales
Vesting, gifts, unvested awards and holding lines for Matthew Nicholls
0shares vested or exercised
0gifted (net of own trusts)
−112Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock, par value $.10397,965717,264
Terrence Murphy
Co-President, Public Markets
139K0391Kno sales
Vesting, gifts, unvested awards and holding lines for Terrence Murphy
0shares vested or exercised
0gifted (net of own trusts)
−25Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock, par value $.10139,429390,884
Alok Sethi
EVP, Head of Global Operations
91K091Kno sales
Vesting, gifts, unvested awards and holding lines for Alok Sethi
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock, par value $.1090,51090,510
Geoffrey Yang
Director
66K074Kno sales
Vesting, gifts, unvested awards and holding lines for Geoffrey Yang
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock, par value $.1066,47174,064
Thomas Merchant
EVP, General Counsel
62K083Kno sales
Vesting, gifts, unvested awards and holding lines for Thomas Merchant
0shares vested or exercised
0gifted (net of own trusts)
−18Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock, par value $.1061,52182,805
Anthony Noto
Director
40K047Kno sales
Vesting, gifts, unvested awards and holding lines for Anthony Noto
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock, par value $.1039,55947,152
John Thiel
Director
33K041Kno sales
Vesting, gifts, unvested awards and holding lines for John Thiel
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock, par value $.1033,19940,792
Mariann Byerwalter
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Director
27K035Kno sales
Vesting, gifts, unvested awards and holding lines for Mariann Byerwalter
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 9, 2025Oct 9, 2026
TrustCommon Stock, par value $.1027,18834,781

Additional holdings last reported Aug 17, 2020, not confirmed since: 9,188 shares. Not included in any total or percentage on this page.

Lindsey Oshita
Chief Accounting Officer
21K026Kno sales
Vesting, gifts, unvested awards and holding lines for Lindsey Oshita
0shares vested or exercised
0gifted (net of own trusts)
−2.6Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock, par value $.1021,09026,129
Daniel Gamba
Co-President, Chief Commercial
00609Kno sales
Vesting, gifts, unvested awards and holding lines for Daniel Gamba
0shares vested or exercised
0gifted (net of own trusts)
−64Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock, par value $.100608,584

18 of 18 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (15 exactly, 3 with a minor or footnoted difference). Percentages cover 13 of 18 officers and directors. Left out: Seth Waugh (most holdings were last confirmed in 2015); Alexander Friedman, John Kim, Karen King and Daniel Gamba (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

Is this normal? Selling year by year5 earlier years to compare with

Less than usual: no sales, against a 5-year average of 67K shares a year. 0 insiders sold; the average is 3 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 9, 2026
Latest 12 months
00$0
Oct 9, 2025
1 year earlier
4201$7K
Oct 9, 2024
2 years earlier
47K1$1.3M
Oct 10, 2023
3 years earlier
36K2$1.1M
Oct 10, 2022
4 years earlier
109K4$3.4M
Oct 10, 2021
5 years earlier
145K5$4.2M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

Charles Johnson: minor difference of 252 shares. Difference is under 0.5% of holdings.

Jennifer Johnson: minor difference of 194 shares. Difference is under 0.5% of holdings.

Gregory Johnson: minor difference of 384 shares. Difference is under 0.5% of holdings.

Inferred rename: "Minor Child" is treated as the same holder as "Minor Children", because the old name was never reported again and the new one opened with the same balance (151,839 shares). Old name, new name

Inferred rename: "Minor Children" is treated as the same holder as "Children", because the old name was never reported again and the new one opened with the same balance (177,844 shares). Old name, new name

Inferred rename: "Limited Partnership" is treated as the same holder as "Business Limited Partnership", because the old name was never reported again and the new one opened with the same balance (2,625,000 shares). Old name, new name

Inferred rename: "Trust" is treated as the same holder as "Business Trust", because the old name was never reported again and the new one opened with the same balance (8,100 shares). Old name, new name

Inferred rename: "Minor Child" is treated as the same holder as "Children", because the old name was never reported again and the new one opened with the same balance (74,996 shares). Old name, new name

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology2,315 filings from SEC EDGAR, and how we read them

All 2,315 Forms 3, 4 and 5 filed for Franklin Resources (SEC CIK 38777) from Jun 23, 1997 to Oct 5, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 401 filings were left out because Franklin Resources filed them as an owner of another company's stock. 20 older filings exist only on paper and could not be read.

Probable 3-for-1 stock split on or before Jul 25, 2013 (split date stated in a footnote). Splits aren't reported as transactions; 16 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (37)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Gwen ShaneyfeltDec 5, 202399,732 shares, last reported balance as of Dec 1, 2023
Jed PlafkerSep 2, 2022118,245 shares, last reported balance as of Aug 31, 2022
Craig TyleDec 14, 2021134,220 shares, last reported balance as of Dec 13, 2021
Laura SteinJan 5, 20219,141 shares, last reported balance as of Mar 14, 2012
Mark PigottJan 5, 20212,859 shares, last reported balance as of Jul 1, 2016
Peter BarkerJan 5, 202135,765 shares, last reported balance as of Feb 11, 2020
Rupert Johnson Jr.Dec 30, 2019103,068,144 shares, last reported balance as of Dec 26, 2019
Rupert Johnson Jr.Dec 30, 20191,256,733 shares, last reported balance as of Sep 19, 2008
Charles JohnsonOct 28, 20192,097,896 shares, last reported balance as of Sep 5, 2019
Kenneth LewisDec 21, 2018167,056 shares, last reported balance as of Dec 20, 2018
Vijay AdvaniDec 7, 2016444,938 shares, last reported balance as of Dec 1, 2016
John LuskSep 1, 2015116,545 shares, last reported balance as of Aug 31, 2015
William YunSep 1, 2015175,438 shares, last reported balance as of Aug 31, 2015
Samuel ArmacostMar 12, 20156,000 shares, last reported balance as of Dec 21, 2004
Anne TatlockMar 11, 2015653,929 shares, last reported balance as of Nov 5, 2014
Charles CrockerMar 13, 201425,980 shares, last reported balance as of Jan 25, 2005
Sanchayan RatnathicamMar 15, 201214,856 shares, last reported balance as of Jan 25, 2007
Joseph HardimanMar 15, 201222,212 shares, last reported balance as of Mar 14, 2012
Peter SacerdoteJul 5, 201187,957 shares, last reported balance as of Jan 26, 2006
Penelope AlexanderFeb 18, 201192,673 shares, last reported balance as of Feb 16, 2011
Maria GrayFeb 10, 20117,620 shares, last reported balance as of Feb 10, 2011
Holly GibsonDec 15, 201016,881 shares, last reported balance as of Dec 15, 2010
Donna IkedaDec 2, 201040,763 shares, last reported balance as of Dec 1, 2010
Norman Frisbie Jr.Dec 2, 201053,372 shares, last reported balance as of Dec 1, 2010
Leslie KratterSep 2, 201078,948 shares, last reported balance as of Aug 31, 2010
Robert JoffeJan 5, 201020,544 shares, last reported balance as of Feb 10, 2009
Murray SimpsonJun 11, 200946,419 shares, last reported balance as of Jun 9, 2009
Louis WoodworthMar 11, 20094,895,517 shares, last reported balance as of Jan 20, 2009
Barbara GreenMay 3, 200737,127 shares, last reported balance as of May 3, 2007
Harmon BurnsNov 1, 20064,026,423 shares, last reported balance as of Oct 31, 2006
Harmon BurnsNov 1, 2006188,547 shares, last reported balance as of Oct 31, 2006
James BaioOct 3, 200672,174 shares, last reported balance as of Sep 29, 2006
Charles SimsFeb 2, 2005101,129 shares, last reported balance as of Jan 31, 2005
Thomas KeanJan 27, 200530,090 shares, last reported balance as of Jan 25, 2005
Martin FlanaganDec 17, 20041,994,747 shares, last reported balance as of Dec 15, 2004
James McCarthyOct 1, 200422,251 shares, last reported balance as of Jan 29, 2004
William LippmanNo balance on record

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