secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2026-07-23T12:48:00+00:00
Accession:  0000038777-26-000194
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877726000194/0000038777-26-000194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877726000194/ben-20260721.htm
  HTML page:      https://secwatch.observer/filing/0000038777-26-000194

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer