CFO Reduces Holdings of Financial Stock by More Than 61,000 Shares, Following 33% Rally
Disposition covered tax obligations from equity vesting, leaving Nicholls with ~717,000 directly held shares valued at $24.49 million.
Overview
Matthew Nicholls, Co-President, CFO & COO of Franklin Templeton Inc. (NYSE:BEN), disposed of 61,533 shares of common stock on Aug. 31, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($34.15); post-transaction value based on Aug. 31, 2026 market close ($34.15).
Details
Franklin Templeton Inc. is a leading global asset manager with a market capitalization of $17.2 billion and approximately 10,100 employees, headquartered in San Mateo. The company leverages its 75+ year heritage and multi-asset investment expertise to deliver comprehensive portfolio solutions across public and alternative markets. Franklin Templeton's diversified product suite and institutional relationships position it competitively in the asset management sector, as evidenced by TTM revenue of $9.3 billion and net income of $891.2 million.
Source
Originally published at www.fool.com.