Monica Krogh
About Monica Krogh
Monica Krogh (born 1981) serves as Vice President and Assistant Treasurer of Putnam Premier Income Trust (PPT) and is an Assistant Treasurer in Franklin Templeton’s Fund Administration and Oversight organization; she has served since 2024 and officers serve an indefinite term until resignation, retirement, death, or removal . Her listed office address is 300 S.E. 2nd Street, Ft. Lauderdale, FL 33301 . For context, PPT’s net assets were $360,158,654.72 as of December 31, 2024 . Compensation for officers on the Trustees’ independent administrative staff is fixed by the Trustees and reimbursed to Franklin Advisers by the funds, implying administrative rather than performance-tied pay .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Franklin Templeton | Assistant Treasurer, Fund Administration and Oversight | 2024–present | Fund administration and oversight support |
Fixed Compensation
| Component | Detail |
|---|---|
| Compensation arrangement | Officers on the Trustees’ independent administrative staff have compensation fixed by the Trustees |
| Funding mechanism | Compensation is reimbursed to Franklin Advisers by the funds |
Note: The DEF 14A does not disclose base salary, bonus targets, option/RSU awards, or severance terms for fund officers; compensation is described structurally as above .
Performance Compensation
No performance-based compensation metrics (e.g., revenue/EBITDA/TSR targets, PSUs) are disclosed for fund officers in PPT’s DEF 14A .
Equity Ownership & Alignment
- Section 16(a) compliance: Based on a review of reports filed, the Putnam funds (including Putnam Premier Income Trust) believe all applicable Section 16 filing requirements for officers, Trustees, and >10% holders were complied with during the most recent/comparable period .
- Beneficial ownership, pledging, and hedging: The DEF 14A excerpted officer section does not disclose Monica Krogh’s beneficial ownership, pledging, or hedging; no such items are presented in the officer listing .
Employment Terms
| Item | Detail |
|---|---|
| Title | Vice President and Assistant Treasurer (PPT) |
| Employer function | Assistant Treasurer, Fund Administration and Oversight, Franklin Templeton |
| Start date at Putnam funds | Since 2024 |
| Term length | Indefinite term; serves until resignation, retirement, death, or removal |
| Office address | 300 S.E. 2nd Street, Ft. Lauderdale, FL 33301 |
Investment Implications
- Pay-for-performance alignment: As an administrative fund officer whose compensation is fixed by the Trustees and reimbursed to Franklin Advisers, the role’s pay structure is not disclosed as tied to PPT performance metrics (TSR, revenue/EBITDA), suggesting limited direct pay-performance linkage for trading signals .
- Insider selling pressure: Officers’ compensation is not presented as equity-based in PPT; no insider ownership or pledging data are disclosed in the officer section, lowering concerns about near-term selling pressure from vesting or collateral calls .
- Retention risk: Tenure since 2024 and indefinite term indicate stability; retention appears more dependent on Franklin Templeton employment dynamics than fund-specific change-of-control provisions (none disclosed for officers) .
- Governance/controls: Section 16 compliance suggests appropriate reporting, and the role sits within Franklin Templeton’s Fund Administration & Oversight framework, emphasizing operational and compliance continuity rather than portfolio decision-making influence .