Thomas C Merchant

Insider

First SEC filing: Dec. 3, 2025 · Latest: Dec. 3, 2025

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Insider at Companies where this person is a reporting insider.
Insider transactions Every share this person bought or sold, from Form 4 filings.
Derivatives Options and other derivative holdings reported by this person.
Initial holdings The stakes this person held when they first started reporting.

Insider at

Insider transactions

0 buys (P) 0 sells (S) Net: $0 + 94 non-open-market transactions below last 12 months, based on the transactions shown below

Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

94 other filings hidden

Date	Ticker	Code	Shares	Price	Value	Owned after	Δ own	A/D	vs now
Dec. 1, 2025	BEN	F	8,091	$22.54	$182,371	92,612 Direct	-8.03%	Disposed	51.4% (price as of 2026-08-20)
Nov. 4, 2025	BEN	A	16,494	—	—	100,703 Direct	+19.59%	Acquired	(price as of 2026-08-20)
Nov. 4, 2025	BEN	A	22,688	$22.59	$512,522	84,209 Direct	+36.88%	Acquired	51.0% (price as of 2026-08-20)
Aug. 31, 2025	BEN	F	8,877	$25.66	$227,784	61,521 Direct	-12.61%	Disposed	33.0% (price as of 2026-08-20)
Dec. 1, 2024	BEN	F	3,866	$22.76	$87,990	70,398 Direct	-5.21%	Disposed	49.9% (price as of 2026-08-20)
Nov. 5, 2024	BEN	A	8,002	—	—	74,264 Direct	+12.08%	Acquired	(price as of 2026-08-20)
Nov. 5, 2024	BEN	A	20,287	$20.95	$425,013	66,262 Direct	+44.13%	Acquired	62.9% (price as of 2026-08-20)
Aug. 31, 2024	BEN	F	6,303	$20.24	$127,573	45,975 Direct	-12.06%	Disposed	68.6% (price as of 2026-08-20)
Dec. 1, 2023	BEN	F	2,098	$25.63	$53,772	52,278 Direct	-3.86%	Disposed	33.1% (price as of 2026-08-20)
Nov. 2, 2023	BEN	A	4,461	—	—	54,376 Direct	+8.94%	Acquired	(price as of 2026-08-20)
Nov. 2, 2023	BEN	A	17,000	$23.53	$400,010	49,915 Direct	+51.65%	Acquired	45.0% (price as of 2026-08-20)
Aug. 31, 2023	BEN	F	4,415	$26.74	$118,057	32,915 Direct	-11.83%	Disposed	27.6% (price as of 2026-08-20)
Nov. 3, 2022	BEN	A	17,842	$22.42	$400,018	37,330 Direct	+91.55%	Acquired	52.2% (price as of 2026-08-20)
Aug. 31, 2022	BEN	F	2,435	$26.07	$63,480	19,488 Direct	-11.11%	Disposed	30.9% (price as of 2026-08-20)
July 31, 2020	704051	D	1,584	—	—	0 Direct	-100.00%	Disposed
July 31, 2020	704051	D	7,111	—	—	0 Direct	-100.00%	Disposed
July 31, 2020	704051	D	15,006	—	—	0 Direct	-100.00%	Disposed
July 31, 2020	704051	D	92,270	—	—	0 Direct	-100.00%	Disposed
July 17, 2020	704051	A	13	$47.35	$616	1,584 Direct	+0.83%	Acquired
June 26, 2020	704051	G	1,000	—	—	92,270 Direct	-1.07%	Disposed
April 30, 2020	704051	F	1,642	$49.77	$81,722	93,270 Direct	-1.73%	Disposed
April 24, 2020	704051	A	13	$47.05	$612	1,571 Direct	+0.83%	Acquired
April 13, 2020	704051	F	4,036	$49.13	$198,289	94,912 Direct	-4.08%	Disposed
April 13, 2020	704051	A	8,355	—	—	98,948 Direct	+9.22%	Acquired
March 4, 2020	704051	M	15,006	—	—	15,006 Direct	-50.00%	Disposed
March 4, 2020	704051	M	21,333	—	—	7,111 Direct	-75.00%	Disposed
March 4, 2020	704051	M	5,483	—	—	0 Direct	-100.00%	Disposed
March 4, 2020	704051	S	33,952	$49.82	$1,691,489	90,593 Direct	-27.26%	Disposed
March 4, 2020	704051	M	15,006	$37.64	$564,826	124,545 Direct	+13.70%	Acquired
March 4, 2020	704051	M	21,333	$31.24	$666,443	109,539 Direct	+24.19%	Acquired
March 4, 2020	704051	M	5,483	$47.64	$261,210	88,206 Direct	+6.63%	Acquired
March 3, 2020	704051	M	7,392	$23.72	$175,338	86,130 Direct	+9.39%	Acquired
March 3, 2020	704051	M	5,771	$35.16	$202,908	91,901 Direct	+6.70%	Acquired
March 3, 2020	704051	M	11,835	$47.64	$563,819	103,736 Direct	+12.88%	Acquired
March 3, 2020	704051	S	21,013	$49.83	$1,047,078	82,723 Direct	-20.26%	Disposed
March 3, 2020	704051	M	7,392	—	—	0 Direct	-100.00%	Disposed
March 3, 2020	704051	M	5,771	—	—	0 Direct	-100.00%	Disposed
March 3, 2020	704051	M	11,835	—	—	5,483 Direct	-68.34%	Disposed
Jan. 27, 2020	704051	A	17	$36.15	$615	1,558 Direct	+1.10%	Acquired
Nov. 1, 2019	704051	A	17	$35.10	$597	1,541 Direct	+1.12%	Acquired
July 26, 2019	704051	A	17	$36.45	$620	1,523 Direct	+1.13%	Acquired
May 16, 2019	704051	M	5,712	—	—	0 Direct	-100.00%	Disposed
May 16, 2019	704051	S 10b5-1	5,582	$36.11	$201,566	78,716 Direct	-6.62%	Disposed
May 16, 2019	704051	M	5,712	$33.99	$194,151	84,298 Direct	+7.27%	Acquired
May 15, 2019	704051	A	12,050	—	—	78,586 Direct	+18.11%	Acquired
May 3, 2019	704051	A	16	$32.03	$512	1,507 Direct	+1.07%	Acquired
April 30, 2019	704051	F	1,085	$33.52	$36,369	66,536 Direct	-1.60%	Disposed
April 15, 2019	704051	F	980	$32.68	$32,026	68,125 Direct	-1.42%	Disposed
April 15, 2019	704051	A	2,880	—	—	69,105 Direct	+4.35%	Acquired
Jan. 18, 2019	704051	A	19	$26.85	$510	1,491 Direct	+1.29%	Acquired
Oct. 29, 2018	704051	A	19	$26.17	$497	1,472 Direct	+1.31%	Acquired
July 13, 2018	704051	A	15	$32.51	$488	1,453 Direct	+1.04%	Acquired
May 16, 2018	704051	M	2,801	—	—	0 Direct	-100.00%	Disposed
May 16, 2018	704051	S 10b5-1	2,537	$38.80	$98,436	66,204 Direct	-3.69%	Disposed
May 16, 2018	704051	M	2,801	$33.25	$93,133	68,741 Direct	+4.25%	Acquired
May 16, 2018	704051	M	2,801	—	—	0 Direct	-100.00%	Disposed
May 16, 2018	704051	S 10b5-1	2,537	$38.80	$98,436	66,204 Direct	-3.69%	Disposed
May 15, 2018	704051	A	11,715	—	—	65,940 Direct	+21.60%	Acquired
May 15, 2018	704051	M	2,801	$33.25	$93,133	68,741 Direct	+4.25%	Acquired
May 15, 2018	704051	A	11,715	—	—	65,940 Direct	+21.60%	Acquired
May 1, 2018	704051	F	1,003	$39.60	$39,719	54,225 Direct	-1.82%	Disposed
April 20, 2018	704051	A	11	$36.36	$400	1,438 Direct	+0.77%	Acquired
Jan. 19, 2018	704051	A	10	$41.77	$418	1,427 Direct	+0.71%	Acquired
Oct. 27, 2017	704051	A	11	$36.25	$399	1,418 Direct	+0.78%	Acquired
July 14, 2017	704051	A	10	$37.39	$374	1,407 Direct	+0.72%	Acquired
May 15, 2017	704051	A	30,012	—	—	30,012 Direct	—	Acquired
May 15, 2017	704051	A	6,642	—	—	55,210 Direct	+13.68%	Acquired
May 1, 2017	704051	F	941	$37.98	$35,739	48,568 Direct	-1.90%	Disposed
April 21, 2017	704051	A	9	$35.36	$318	1,397 Direct	+0.65%	Acquired
Feb. 16, 2017	704051	M	7,500	—	—	0 Direct	-100.00%	Disposed
Feb. 16, 2017	704051	S	6,595	$36.06	$237,816	49,506 Direct	-11.76%	Disposed
Feb. 16, 2017	704051	M	7,500	$27.45	$205,875	56,101 Direct	+15.43%	Acquired
Jan. 13, 2017	704051	A	10	$30.03	$300	1,388 Direct	+0.73%	Acquired
Oct. 28, 2016	704051	A	10	$29.49	$295	1,378 Direct	+0.73%	Acquired
July 11, 2016	704051	A	11	$27.71	$305	1,368 Direct	+0.81%	Acquired
May 13, 2016	704051	A	7,170	—	—	48,588 Direct	+17.31%	Acquired
May 13, 2016	704051	A	28,444	—	—	28,444 Direct	—	Acquired
May 2, 2016	704051	F	1,478	$32.66	$48,271	41,418 Direct	-3.45%	Disposed
April 15, 2016	704051	A	9	$31.58	$284	1,357 Direct	+0.67%	Acquired
Jan. 15, 2016	704051	A	8	$32.02	$256	1,348 Direct	+0.60%	Acquired
Oct. 30, 2015	704051	A	6	$42.88	$257	1,340 Direct	+0.45%	Acquired
July 17, 2015	704051	A	6	$46.85	$281	1,334 Direct	+0.45%	Acquired
May 15, 2015	704051	A	21,505	—	—	21,505 Direct	—	Acquired
May 15, 2015	704051	A	4,440	—	—	42,884 Direct	+11.55%	Acquired
April 30, 2015	704051	F	1,426	$53.14	$75,778	38,444 Direct	-3.58%	Disposed
April 17, 2015	704051	A	4	$51.50	$206	1,328 Direct	+0.30%	Acquired
Jan. 16, 2015	704051	A	4	$50.97	$204	1,324 Direct	+0.30%	Acquired
Oct. 31, 2014	704051	A	4	$48.93	$196	1,320 Direct	+0.30%	Acquired
July 18, 2014	704051	A	4	—	—	1,316 Direct	+0.30%	Acquired
May 16, 2014	704051	A	17,318	—	—	17,318 Direct	—	Acquired
May 16, 2014	704051	A	4,373	—	—	40,407 Direct	+12.14%	Acquired
April 30, 2014	704051	F	2,487	$46.54	$115,745	36,034 Direct	-6.46%	Disposed
April 21, 2014	704051	A	4	$42.81	$171	1,311 Direct	+0.31%	Acquired
March 31, 2014	704051	F	7,047	$49.05	$345,655	38,520	—	—
Jan. 10, 2014	704051	A	4	$41.63	$167	1,307 Direct	+0.31%	Acquired
Oct. 25, 2013	704051	A	5	$35.08	$175	1,303 Direct	+0.39%	Acquired
July 12, 2013	704051	A	6	$30.26	$182	1,298 Direct	+0.46%	Acquired
May 16, 2013	704051	A	4,906	—	—	45,561 Direct	+12.07%	Acquired
May 16, 2013	704051	A	5,771	—	—	5,771 Direct	—	Acquired
April 30, 2013	704051	F	1,983	$31.42	$62,306	40,655 Direct	-4.65%	Disposed

Showing latest 100 of 101 transactions

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Derivative holdings (Form 4 Table II)

Options, RSUs and convertible securities reported on Form 4 Table II.

Date	Ticker	Security	Underlying	Exercise price	Expiration	Shares	A/D
July 31, 2020	704051	Phantom Stock Units	Common Stock (1,584)	—	—	1,584	Disposed
July 31, 2020	704051	Stock Options (Right to buy)	Common Stock (7,111)	$31.24	May 13, 2024	7,111	Disposed
July 31, 2020	704051	Stock Options (Right to buy)	Common Stock (15,006)	$37.64	May 15, 2025	15,006	Disposed
July 17, 2020	704051	Phantom Stock Units [F1]	Common Stock (13)	—	—	13	Acquired
April 24, 2020	704051	Phantom Stock Units [F1]	Common Stock (13)	—	—	13	Acquired
March 4, 2020	704051	Stock Options (Right to buy) [F4]	Common Stock (15,006)	$37.64	May 15, 2025	15,006	Disposed
March 4, 2020	704051	Stock Options (Right to buy) [F3]	Common Stock (21,333)	$31.24	May 13, 2024	21,333	Disposed
March 4, 2020	704051	Stock Options (Right to buy) [F2]	Common Stock (5,483)	$47.64	May 16, 2022	5,483	Disposed
March 3, 2020	704051	Stock Options (Right to buy) [F2]	Common Stock (7,392)	$23.72	May 17, 2020	7,392	Disposed
March 3, 2020	704051	Stock Options (Right to buy) [F3]	Common Stock (5,771)	$35.16	May 16, 2021	5,771	Disposed
March 3, 2020	704051	Stock Options (Right to buy) [F4]	Common Stock (11,835)	$47.64	May 16, 2022	11,835	Disposed
Jan. 27, 2020	704051	Phantom Stock Units [F2]	Common Stock (17)	—	—	17	Acquired
Nov. 1, 2019	704051	Phantom Stock Units [F2]	Common Stock (17)	—	—	17	Acquired
July 26, 2019	704051	Phantom Stock Units [F2]	Common Stock (17)	—	—	17	Acquired
May 16, 2019	704051	Stock Options (Right to buy)	Common Stock (5,712)	$33.99	May 17, 2019	5,712	Disposed
May 3, 2019	704051	Phantom Stock Units [F1]	Common Stock (16)	—	—	16	Acquired
Jan. 18, 2019	704051	Phantom Stock Units [F2]	Common Stock (19)	—	—	19	Acquired
Oct. 29, 2018	704051	Phantom Stock Units [F2]	Common Stock (19)	—	—	19	Acquired
July 13, 2018	704051	Phantom Stock Units [F2]	Common Stock (15)	—	—	15	Acquired
May 16, 2018	704051	Stock Options (Right to buy)	Common Stock (2,801)	$33.25	May 18, 2018	2,801	Disposed
May 16, 2018	704051	Stock Options (Right to buy)	Common Stock (2,801)	$33.25	May 18, 2018	2,801	Disposed
April 20, 2018	704051	Phantom Stock Units [F2]	Common Stock (11)	—	—	11	Acquired
Jan. 19, 2018	704051	Phantom Stock Units [F2]	Common Stock (10)	—	—	10	Acquired
Oct. 27, 2017	704051	Phantom Stock Units [F2]	Common Stock (11)	—	—	11	Acquired
July 14, 2017	704051	Phantom Stock Units [F2]	Common Stock (10)	—	—	10	Acquired
May 15, 2017	704051	Stock Options (Right to buy) [F1]	Common Stock (30,012)	$37.64	May 15, 2025	30,012	Acquired
April 21, 2017	704051	Phantom Stock Units [F2]	Common Stock (9)	—	—	9	Acquired
Feb. 16, 2017	704051	Stock Options (Right to buy)	Common Stock (7,500)	$27.45	July 22, 2017	7,500	Disposed
Jan. 13, 2017	704051	Phantom Stock Units [F2]	Common Stock (10)	—	—	10	Acquired
Oct. 28, 2016	704051	Phantom Stock Units [F2]	Common Stock (10)	—	—	10	Acquired
July 11, 2016	704051	Phantom Stock Units [F2]	Common Stock (11)	—	—	11	Acquired
May 13, 2016	704051	Stock Options (Right to buy) [F1]	Common Stock (28,444)	$31.24	May 13, 2024	28,444	Acquired
April 15, 2016	704051	Phantom Stock Units [F2]	Common Stock (9)	—	—	9	Acquired
Jan. 15, 2016	704051	Phantom Stock Units [F2]	Common Stock (8)	—	—	8	Acquired
Oct. 30, 2015	704051	Phantom Stock Units [F2]	Common Stock (6)	—	—	6	Acquired
July 17, 2015	704051	Phantom Stock Units [F2]	Common Stock (6)	—	—	6	Acquired
May 15, 2015	704051	Stock Options (Right to buy) [F1]	Common Stock (21,505)	$54.51	May 15, 2023	21,505	Acquired
April 17, 2015	704051	Phantom Stock Units [F2]	Common Stock (4)	—	—	4	Acquired
Jan. 16, 2015	704051	Phantom Stock Units [F2]	Common Stock (4)	—	—	4	Acquired
Oct. 31, 2014	704051	Phantom Stock Units [F2]	Common Stock (4)	—	—	4	Acquired
July 18, 2014	704051	Phantom Stock Units [F2]	Common Stock (4)	—	—	4	Acquired
May 16, 2014	704051	Stock Options (Right to Buy) [F1]	Common Stock (17,318)	$47.64	May 16, 2022	17,318	Acquired
April 21, 2014	704051	Phantom Stock Units [F2]	Common Stock (4)	—	—	4	Acquired
Jan. 10, 2014	704051	Phantom Stock Units [F2]	Common Stock (4)	—	—	4	Acquired
Oct. 25, 2013	704051	Phantom Stock Units [F2]	Common Stock (5)	—	—	5	Acquired
July 12, 2013	704051	Phantom Stock Units [F2]	Common Stock (6)	—	—	6	Acquired
May 16, 2013	704051	Stock Options (Right to Buy) [F1]	Common Stock (5,771)	$35.16	May 16, 2021	5,771	Acquired
April 19, 2013	704051	Phantom Stock Units [F2]	Common Stock (5)	—	—	5	Acquired

Exercise/conversion price is blank when not applicable (e.g. RSUs).

Initial ownership (Form 3) 17 holdings

Securities held when first becoming an insider, per SEC Form 3.

Date	Ticker	Security	Shares	Ownership
May 4, 2022	BEN	Common Stock, par value $.10	—	Direct
Jan. 30, 2019	WIA	Common Stock	0	Direct
Jan. 30, 2019	WIW	Common Stock	0	Direct
March 31, 2016	GDO	Common Stock	0	Indirect
March 31, 2016	EMD	Common Stock	0	Indirect
March 31, 2016	EHI	Common Stock	0	Indirect
March 31, 2016	SCD	Common Stock	0	Indirect
March 31, 2016	SBI	Common Stock	0	Indirect
March 31, 2016	WEA	Common Stock	0	Indirect
March 31, 2016	PAI	Common Stock	0	Indirect
March 31, 2016	HIX	Common Stock	0	Indirect
March 31, 2016	HYI	Common Stock	0	Indirect
March 31, 2016	MMU	Common Stock	0	Indirect
March 31, 2016	HIO	Common Stock	0	Indirect
March 31, 2016	DMO	Common Stock	0	Indirect
March 31, 2016	MHF	Common Stock	0	Indirect
March 31, 2016	IGI	Common Stock	0	Indirect