Jeffrey W. White
Chief Financial Officer, Chief Accounting Officer and Treasurer at FRANKLIN LTD DURATION INCOME TRUST
Executive
About Jeffrey W. White
Jeffrey W. White (born 1971) serves as Chief Financial Officer, Chief Accounting Officer, and Treasurer of Franklin Limited Duration Income Trust (FTF), appointed in January 2024; he is an officer of certain funds in the Franklin Templeton fund complex and previously served within Franklin Templeton’s Global Fund Tax and Fund Administration and Financial Reporting group (2017–2023) . FTF’s common shares are listed on NYSE American (symbol: FTF) . Officers of the Fund are appointed by the Trustees and serve at the pleasure of the Board .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Franklin Templeton Global Fund Tax and Fund Administration & Financial Reporting | Director and Assistant Treasurer | 2017–2023 | Not disclosed in Fund proxy |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| No external public company directorships or roles disclosed in FTF proxy biographies | — | — | Not disclosed in Fund proxy |
Fixed Compensation
| Component | 2023 | 2024 | 2025 | Notes |
|---|---|---|---|---|
| Base salary | Not disclosed | Not disclosed | Not disclosed | Salaries/expenses of officers are paid by Franklin Advisers, Inc. or its affiliates; not Fund expenses |
| Target bonus % | Not disclosed | Not disclosed | Not disclosed | Not disclosed at Fund level |
| Actual bonus paid | Not disclosed | Not disclosed | Not disclosed | Not disclosed at Fund level |
| Pension/retirement benefits | — | — | — | “No pension or retirement benefits are accrued as part of Fund expenses.” |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed at Fund level; officers compensated by Investment Manager/affiliates | — | — | — | — | — |
The proxy statements do not describe revenue, EBITDA, TSR, or other performance metrics tied to Mr. White’s compensation for FTF; any such terms, if applicable, would be governed by Franklin Advisers, Inc. or affiliates and are not disclosed in the Fund’s proxy .
Equity Ownership & Alignment
| Item | As of Aug 5, 2024 | As of Aug 4, 2025 | Notes |
|---|---|---|---|
| Officers and Trustees beneficial ownership (as a group) | <1% of outstanding Common Shares | <1% of outstanding Common Shares | Exact individual officer holdings not itemized; group total reported as “less than 1%” |
| Any Trustee owns ≥1% | No | No | “No Trustee of the Fund owned 1% or more” as of each respective date |
| Shares pledged as collateral | Not disclosed | Not disclosed | No pledging disclosures provided in Fund proxy |
| Stock ownership guidelines for officers | Not disclosed | Not disclosed | Not disclosed in Fund proxy |
Employment Terms
| Term | Detail |
|---|---|
| Appointment/tenure | Appointed CFO, CAO & Treasurer since January 2024; officers serve at the pleasure of the Board |
| Employment agreement | Not disclosed in Fund proxy |
| Severance provisions | Not disclosed in Fund proxy |
| Change‑of‑control treatment | Not disclosed in Fund proxy |
| Clawback provisions | Not disclosed in Fund proxy |
| Non‑compete / non‑solicit | Not disclosed in Fund proxy |
| Note on currency of officer information | “Officer information is current as of the date of this proxy statement. It is possible that after this date, information about officers may change.” |
Performance & Track Record
- Principal occupation: Officer of certain Franklin Templeton funds; previously Director and Assistant Treasurer in Franklin Templeton’s fund administration and financial reporting groups (2017–2023) .
- Fund listing and context: FTF common shares trade on NYSE American (FTF), and proxies focus on fund governance and service provider arrangements; officer‑level performance metrics (e.g., TSR/EBITDA targets) are not provided at the Fund level .
Investment Implications
- Pay-for-performance visibility: Compensation for FTF officers (including Mr. White) is paid by Franklin Advisers, Inc. or affiliates and is not detailed at the Fund level, limiting direct insight into salary, bonus targets, equity mix, or performance metric alignment for trading signals tied to executive incentives .
- Ownership alignment: Officers and Trustees collectively hold <1% of the Fund’s shares as of Aug 2024 and Aug 2025, implying limited direct equity alignment at the FTF entity level and minimal fund-level insider selling pressure indicators .
- Tenure/continuity: Mr. White’s appointment in January 2024 indicates a relatively recent transition into the CFO/CAO/Treasurer role; with officer details potentially changing after proxy dates, investors should monitor subsequent proxies for updates .
- Governance context: Independent Trustees oversee the Fund, while the Investment Manager (Franklin Advisers, Inc.) provides management; officer compensation and benefits are borne by the Manager, not the Fund, reducing direct fund expense exposure but also reducing transparency into executive incentive structures at the Fund level .