Economic Observation NetworkFranklin Resources (BEN) discloses the arrangement and submission of relevant documents related to deferred compensation for directors.

Previous changes in executive equity
10-01 Director King Karen Matsushima received 1053.85 deferred director's fee benefits under the 2006 deferred compensation plan, and submitted Form 4 on 10-05 This belongs to routine internal salary disclosure, with low information content and more noise than substantive signals.

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