Franklin Resources grants $15M retention equity to top execs; carry incentives for CEO and Chairman

FRANKLIN RESOURCES INC

CEO, Co-Presidents, and CFO/COO each receive ~$15M equity award (50% PSUs, 50% RSUs) with multi-year cliff vesting.
CEO and Executive Chairman receive carry incentives tied to performance of private markets and alternative strategy funds.
Awards are one-time, not part of regular annual comp; designed to retain core leadership over at least five years.
PSUs vest after 3 years based on operating margin and relative TSR; RSUs vest after 5 years.
Carry incentives are 100% at-risk, vest over 5 years, and require fund returns to exceed performance hurdles.

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