Franklin Templeton CFO Sells Over 61,000 Shares Amid Recent Stock Rally
Matthew Nicholls, Co-President and CFO of Franklin Templeton Inc. (BEN), sold 61,533 shares on August 31, 2026, according to an SEC Form 4 filing. The transaction valued at approximately $2.1 million was described as a non-discretionary event for tax purposes. Following the sale, Nicholls retained around 717,264 directly held shares with a post-transaction value of about $24.5 million. The stock had recently experienced a significant rally and closed at $34.15 on the day of the transaction before dropping slightly to $33.10 by September 1, 2026. Franklin Templeton's shares have outperformed the broader market in recent months with a one-year total return of 46%, compared to the S&P 500’s gain of only 20%. The company reported TTM revenue of $9.3 billion and net income of $891.2 million, operating as a diversified asset management firm serving institutional and retail clients globally.
Tickers: $BEN
Topics: asset management executive sales shareholder activity