Franklin Templeton Inc 8-K, filed Dec 17, 2021
Franklin Templeton Inc (BEN)
8-K
2021-12-17
For: 2021-12-13
View Original
Added on
April 07, 2026
About this 8-K
Franklin Templeton Inc filed this 8-K on December 17, 2021, reporting on events of December 13, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 13, 2021
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (650 ) 312-2000
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On December 13, 2021, the Compensation Committee of the Board of Directors of Franklin Resources, Inc. (the “Company”) approved certain restricted stock unit awards under the Company’s 2002 Universal Stock Incentive Plan, as amended, to the below named executive officers (“NEOs”) of the Company for whom disclosure was required in the Company’s most recent 2021 proxy statement filing, in the amount of units set forth opposite each NEO’s name in the table below:
| Name and Principal Position | Restricted Stock Units | ||||
| Jennifer M. Johnson | 5,429 | ||||
| President and Chief Executive Officer | |||||
| Matthew Nicholls | 918 | ||||
| Executive Vice President and Chief Financial Officer | |||||
| Gregory E. Johnson | 8,958 | ||||
| Executive Chairman and Chairman of the Board | |||||
| Craig S. Tyle | 950 | ||||
| Executive Vice President and General Counsel | |||||
| Jed A. Plafker | 5,429 | ||||
| Executive Vice President | |||||
The above awards were granted to replace the number of restricted stock units forfeited and cancelled under certain performance-based restricted stock unit awards previously granted to each of the NEOs in 2018 (or 2019 for Mr. Nicholls) that would have vested in 2021 had such prior awards excluded certain material, one-time expenses (such as acquisition costs) from the applicable operating margin performance criteria. Expenses of this type were excluded from the operating margin performance criteria for subsequently issued performance-based awards. The awards listed above are subject to service-based vesting with a vesting date of December 1, 2022.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FRANKLIN RESOURCES, INC. | ||||||||
| Date: | December 17, 2021 | /s/ Thomas C. Merchant | ||||||
| Thomas C. Merchant | ||||||||
| Vice President and Secretary | ||||||||
3