Form 8-K · Current report
Franklin Resources 8-K, filed Jul 23, 2026
- Filed
- CIK
- 0000038777
- Accession no.
- 0000038777-26-000194
Summary
Franklin Resources granted one-time retention equity awards of roughly $15 million each to CEO Jennifer M. Johnson, Daniel Gamba, Terrence J. Murphy and Matthew Nicholls, and allocated carried interest incentives to Johnson and Executive Chairman Gregory E. Johnson. The awards mix performance stock units tied to operating margin and relative shareholder return with five-year time-vested restricted stock units, while the carry incentives are at-risk and tied to the performance of certain private markets and alternative strategy funds.
Key points
- Franklin Resources granted one-time special retention equity awards with a grant date fair value of about $15 million each to CEO Jennifer M. Johnson, Co-President and Chief Commercial Officer Daniel Gamba, Co-President Terrence J. Murphy, and Co-President, CFO and COO Matthew Nicholls.
- Each award is half performance stock units tied to average operating margin and relative total shareholder return over fiscal 2027-2029 with a 0%-187.5% payout range and three-year cliff vesting, and half time-based restricted stock units vesting in a five-year cliff ending August 31, 2031.
- Carried interest allocations were granted to CEO Jennifer M. Johnson and Executive Chairman Gregory E. Johnson, tied to a composite of certain flagship private markets and alternative strategy funds, vesting one-third each in years three, four and five and subject to performance hurdles, holdback and clawback provisions.
- The compensation committee cited retention of the core leadership team, the competitive market for senior leadership talent, and the strategic importance of the company's private markets and alternative strategy platforms.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
- 9.01Financial Statements and Exhibits
From the filing
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) Effective July 21, 2026, as approved and recommended by the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of Franklin Resources, Inc. (the “Company”), in consultation with the independent compensation consultant of the Committee, as further approved by the Board, the Committee granted one-time special retention (1) equity awards (the “Awards”) to each of Ms. Jennifer M. Johnson, the Chief Executive Officer of the Company (“CEO”); Mr. …
An excerpt of the text as filed with the SEC, cut for length.
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