Kelley Hunt
About Kelley Hunt
Kelley Hunt (born 1984) serves as the AML Compliance Officer of Putnam Premier Income Trust (PPT) and has held this officer role since 2024, with an indefinite term until resignation, retirement, death, or removal . Her principal occupation over the past five years is Manager, U.S. Financial Crime Compliance at Franklin Templeton; her officer address is listed as 100 Fountain Parkway, St. Petersburg, FL 33716 . The proxy provides fund context but does not disclose individual officer compensation metrics or performance outcomes such as TSR, revenue growth, or EBITDA growth; net assets for PPT as of December 31, 2024 were $360,158,654.72, indicating fund scale rather than officer-linked performance .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Franklin Templeton | Manager, U.S. Financial Crime Compliance | Past five years | Not disclosed |
External Roles
No external public-company board roles or outside directorships are disclosed for Kelley Hunt in the PPT proxy .
Fixed Compensation
- Officers like Ms. Hunt are members of the Trustees’ independent administrative staff; compensation for these individuals is fixed by the Trustees and reimbursed to Franklin Advisers by the funds .
- The proxy does not disclose base salary, target bonus, actual bonus paid, RSU/PSU grants, option awards, or perquisites for individual officers (including Ms. Hunt) .
Performance Compensation
- No performance-based incentive metrics (e.g., revenue/EBITDA/TSR/ESG targets), weightings, targets, actuals, payouts, or vesting terms are disclosed for officers in the PPT proxy .
Equity Ownership & Alignment
- Individual officer beneficial ownership, vested/unvested shares, or options are not disclosed for Ms. Hunt in the PPT proxy .
- Fund-level ownership context (PPT): common shares outstanding 95,567,536.775 as of February 6, 2025 .
| Fund-level Ownership Metric (PPT) | Value | As Of |
|---|---|---|
| Common shares outstanding | 95,567,536.775 | Feb 6, 2025 |
| 5% holder (nominee) CEDE & Company | 90,194,713 (94.38%) | Mar 1, 2025 |
| 5% holder Sit Investment Associates, Inc. / Sit Fixed Income Advisors II, LLC | 21,695,065 (23.00%) | Mar 1, 2025 |
| 5% holder First Trust Portfolios L.P. / First Trust Advisors L.P. / The Charger Corporation | 8,565,584 (8.74%) | Dec 31, 2023 |
- Historical context: as of December 31, 2022, each Trustee, and the officers and Trustees of PPT as a group, owned less than 1% of PPT’s outstanding common shares; individual officer ownership details were not provided .
- Pledging/hedging, stock ownership guidelines for officers, and compliance status are not disclosed in the PPT proxy .
Employment Terms
| Term | Detail |
|---|---|
| Officer title | AML Compliance Officer |
| Start (service since) | 2024 |
| Term length | Indefinite; serves until resignation, retirement, death, or removal |
| Principal occupation | Manager, U.S. Financial Crime Compliance, Franklin Templeton |
| Agreement terms | No individual employment contract, severance, change-of-control, non-compete, non-solicit, or garden leave terms disclosed for officers |
Investment Implications
- Pay-performance visibility: Absence of disclosed salary/equity/bonus structures or performance metrics for officers limits assessment of pay-for-performance alignment; officer compensation is set by Trustees and reimbursed to Franklin Advisers, suggesting administrative alignment rather than equity-linked incentives .
- Selling pressure: With no officer-level ownership or vesting schedules disclosed, there are no identifiable insider selling overhangs tied to Ms. Hunt; historical data indicates minimal group ownership (<1%) at the fund level in 2022, suggesting limited insider trading signal relevance .
- Retention risk: The officer role is on an indefinite term and part of Franklin Templeton’s administrative staff, reducing contract-expiration-driven retention risk; however, the proxy does not disclose individual severance, change-of-control protections, or retention bonuses for officers .
- Governance and alignment: High concentration in nominee holders and large external holders is a fund-level characteristic; the proxy does not provide officer pledging/hedging or stock ownership guidelines, leaving alignment signals for Ms. Hunt unassessed .