Short answer
Franklin Resources (BEN) filed an 8-K current report with the SEC on July 23, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). One-time retention awards granted to CEO, two Co-Presidents, and CFO/COO; leadership stability prioritized amid financial-services talent competition.
Franklin Resources 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- One-time retention awards granted to CEO, two Co-Presidents, and CFO/COO; leadership stability prioritized amid financial-services talent competition
- Approximately $15 million equity award per executive, split 50% PSUs and 50% RSUs
- PSU vesting tied to average operating margin and relative shareholder returns through fiscal 2029, with 0%-187.5% payout range
- RSUs cliff-vest after five years on August 31, 2031, increasing long-term retention requirements
- CEO and Executive Chairman received at-risk carry incentives linked to future private-markets and alternative-fund performance; unvested awards generally forfeited upon departure
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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