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    Jennifer M. Johnson

    President and CEO at Franklin Resources Inc
    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 Inc

    RHJJ
    Rupert H. Johnson, Jr.
    Vice Chairman and Director
    ABS
    Adam B. Spector
    EVP, Head of Global Distribution
    MN
    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

    OrganizationRoleDate 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

    OrganizationRoleDate Range
    Thermo Fisher Scientific Inc. Director Since July 2023

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$750,000AnnualFixed annual base salary
    All Other Compensation$66,486AnnualIncludes various benefits and perquisites (breakdown not provided)

    Performance Compensation

    Data from  FY 2024

    Adjusted Operating Margin Performance Award

    Metric (Unit)ValueDetails
    Performance PeriodFY2025 - FY2027Evaluated annually over a 3-year period
    Threshold (100% Vesting)≥ 90% of PlanAchieves 100% vesting if target met
    Threshold (50% Vesting)≥ 80% and < 90% of PlanResults in 50% vesting
    Threshold (0% Vesting)< 80% of PlanNo vesting if below threshold
    Target Adjusted MarginFY2023: 29.9%, FY2024: 26.1%, FY2025: 27.1%Plan margin targets
    Target Award Amount$1,625,000Based on grant date fair value
    Vesting Schedule3 equal installmentsVesting in FY2025, FY2026, and FY2027

    Relative Total Shareholder Return (TSR) Performance Award

    Metric (Unit)ValueDetails
    Performance PeriodFY2025 - FY2027Evaluated cumulatively over the 3-year period
    Threshold (Max Vesting)≥ 75th percentile150% vesting if achieved
    Threshold (Intermediate)≥ 50th to < 75th percentileVesting ranges from 100% to 149% via linear interpolation
    Threshold (Low)≥ 25th to < 50th percentileVesting ranges from 50% to 99% via linear interpolation
    Threshold (Minimal)< 25th percentileVesting between 0% to 49%
    Target Award Amount$1,625,000Based on grant date fair value
    Vesting ScheduleSingle installmentVestes 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