{"schema_version":"secwatch.filing_event.v1","accession":"0000038777-26-000194","form_type":"8-K","ticker":"BEN","cik":"0000038777","company_name":"FRANKLIN RESOURCES INC","filed_at":"2026-07-23T12:48:00+00:00","discovered_at":"2026-07-23T12:50:00.307758+00:00","generated_at":"2026-07-23T12:50:05.545471+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Franklin Resources grants $15M retention equity to top execs; carry incentives for CEO and Chairman","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000038777-26-000194","json":"https://secwatch.observer/filing/0000038777-26-000194.json","markdown":"https://secwatch.observer/filing/0000038777-26-000194.md","text":"https://secwatch.observer/filing/0000038777-26-000194.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38777/000003877726000194/0000038777-26-000194-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38777/000003877726000194/ben-20260721.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-23T12:50:05.545471+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}