Cannot Set From Address Name

I’m not sure if this is expected behavior or a bug. I have the “Prevent plugins and themes from changing this” box checked for “Email Address” but I have it unchecked for “Name.” My intention is to allow plugins to set the “Name” for the From address but not the email address itself. Is there any way to force the From email address but allow customization of the “name” part of the from address?

Thanks.