Franklin Templeton CFO Sells Over 61,000 Shares Amid Recent Stock Rally
Matthew Nicholls, Co-President and CFO of Franklin Templeton Inc. (NYSE:BEN), sold over 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 non-discretionary for tax purposes. Following the sale, Nicholls retained around 717,264 directly held shares with a post-transaction value of about $24.49 million. The stock had recently experienced a significant rally of over 33%, though it closed at $33.10 on September 1, slightly below the transaction price of $34.15. Franklin Templeton remains a major player in asset management with a market cap of $17.2 billion and strong financials including TTM revenue of $9.3 billion and net income of $891.2 million. While insider transactions should not be the sole factor for investment decisions, this sale comes amid improved stock performance over the past year compared to broader markets.
Tickers: $BEN
Topics: CFO activity SEC filing share sale