Jennifer M. Johnson

Board

Since February 2020

Age

60 years

Tenure

Joined BEN in May 2003 as Senior Vice President and Chief Information Officer and progressed through roles including Executive Vice President, Chief Operating Officer, Co-President, President (from December 2016), and ultimately CEO from February 2020.

Also at FRANKLIN RESOURCES

RHJJ

Rupert H. Johnson, Jr.

Vice Chairman and Director

ABS

Adam B. Spector

EVP, Head of Global Distribution

Matthew Nicholls

EVP, CFO, and COO

About

Jennifer M. Johnson has built an extensive career at BEN over more than two decades, charting a clear trajectory from her start as Senior Vice President and Chief Information Officer in May 2003 to her ascension as Chief Executive Officer in February 2020. Her journey at the company reflects a steady progression through a variety of leadership positions that have shaped the organization's strategic direction.

Throughout her tenure, she has assumed roles of increasing responsibility, including serving as Executive Vice President, Chief Operating Officer, Co-President, and President. This progression underscores a deep commitment to excellence and highlights her ability to navigate through complex operational and technological challenges within BEN.

In addition to her responsibilities at BEN, she also contributes her expertise on the board of a major industry player, demonstrating her influence and leadership beyond the company. Her professional path is complemented by her role in steering important corporate strategies, making her a pivotal figure in both the company's internal evolution and its broader industry engagements.

$BEN Performance Under Jennifer M. Johnson

Past Roles

Organization	Role	Date Range
Franklin Resources, Inc.	Chief Operating Officer	February 2017 to February 2020
Franklin Resources, Inc.	Co-President	October 2015 to December 2016
Franklin Resources, Inc.	Executive Vice President and Chief Operating Officer	March 2010 to September 2015
Franklin Resources, Inc.	Executive Vice President – Operations and Technology	December 2005 to March 2010
Franklin Resources, Inc.	Senior Vice President and Chief Information Officer	May 2003 to December 2005

External Roles

Organization	Role	Date Range
Thermo Fisher Scientific Inc.	Director	Since July 2023

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$750,000	Annual	Fixed annual base salary
All Other Compensation	$66,486	Annual	Includes various benefits and perquisites (breakdown not provided)

Performance Compensation

Data from FY 2024

Adjusted Operating Margin Performance Award

Metric (Unit)	Value	Details
Performance Period	FY2025 - FY2027	Evaluated annually over a 3-year period
Threshold (100% Vesting)	≥ 90% of Plan	Achieves 100% vesting if target met
Threshold (50% Vesting)	≥ 80% and < 90% of Plan	Results in 50% vesting
Threshold (0% Vesting)	< 80% of Plan	No vesting if below threshold
Target Adjusted Margin	FY2023: 29.9%, FY2024: 26.1%, FY2025: 27.1%	Plan margin targets
Target Award Amount	$1,625,000	Based on grant date fair value
Vesting Schedule	3 equal installments	Vesting in FY2025, FY2026, and FY2027

Relative Total Shareholder Return (TSR) Performance Award

Metric (Unit)	Value	Details
Performance Period	FY2025 - FY2027	Evaluated cumulatively over the 3-year period
Threshold (Max Vesting)	≥ 75th percentile	150% vesting if achieved
Threshold (Intermediate)	≥ 50th to < 75th percentile	Vesting ranges from 100% to 149% via linear interpolation
Threshold (Low)	≥ 25th to < 50th percentile	Vesting ranges from 50% to 99% via linear interpolation
Threshold (Minimal)	< 25th percentile	Vesting between 0% to 49%
Target Award Amount	$1,625,000	Based on grant date fair value
Vesting Schedule	Single installment	Vestes at end of FY2027 following performance evaluation

Overall Performance Outcomes for 2024

Vested Units: 61,171 shares
Forfeited Units: 62,955 shares
Conditions: Continuous employment and achievement of the above performance metrics are required for vesting