8-K ·Filed Jul 23, 2026

BEN

FRANKLIN RESOURCES INC
NEUTRAL
Impact 3/10
Horizonmonths Processed2mo ago SEC0000038777-26-000194
8-K context-dependent: Items 5.02
Actionable Insight • Neutral

This is a standard retention compensation filing with no immediate trading signal. Monitor future 10-K for the full award agreements and any impact on diluted share count from PSU/RSU vesting. The carried interest program signals continued strategic emphasis on private markets, but no financial targets or guidance were provided.

DirectionNeutral
Confidencehigh
Horizonmonths
Latest settled — T+20d
BEN ▲ +5.20% at T+20d
NEUTRAL call ✓ call won +5.20% · α vs SPY +1.89% · entry $32.29 → $33.97
Next anchor: T+60d in 14d
Latest observation: T+47 -6.39% FF3 residual α
Entry anchored
Jul 22, 03:59 PM ET
via exchange tick
T+1d
+0.62%
call +0.62% · α +0.52%
$32.49
settled 2mo ago
T+5d
+2.73%
call +2.73% · α +2.25%
$33.17
settled 2mo ago
T+20d
+5.20%
call +5.20% · α +1.89%
$33.97
settled 6w ago
T+60d
—
call — · α —
—
in 14d

Price Chart

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Executive Summary

Franklin Resources granted one-time special retention equity awards of ~$15M each to the CEO, Co-Presidents, and CFO/COO, plus carried interest allocations to the CEO and Executive Chairman, to lock in the core leadership team for at least five years. The awards are 100% equity-based with performance and time-vesting components, reflecting the board's focus on retaining senior talent amid the shift toward private markets and alternative strategies. This is a routine compensation event with no material financial impact disclosed.

Key Facts

  • One-time special retention equity awards of ~$15M each granted to CEO Jennifer M. Johnson, Co-Presidents Daniel Gamba and Terrence J. Murphy, and Co-President/CFO/COO Matthew Nicholls.
  • Awards are 50% performance stock units (PSUs) with a three-year cliff vesting period and 50% time-based RSUs with a five-year cliff vesting period.
  • Carried interest allocations granted to CEO and Executive Chairman Gregory E. Johnson, tied to performance of private markets and alternative strategy funds.
  • Awards are not part of regular annual compensation and are designed to provide leadership stability for at least five years.
  • No departures, resignations, or terminations reported — all existing executives retained.

Financial Impact

~$60M aggregate grant date fair value for four executives ($15M each), plus carried interest allocations with no realizable value at grant

share-based compensation expense

Risk Factors

  • Potential dilution from PSU/RSU vesting over 3-5 years, though amounts are small relative to market cap
  • Carried interest allocations may increase compensation expense if private market funds perform well

Market Snapshot

Exchange
NYSE
Sector
Investment Advice
Analyst Consensus
38% bullish (16 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0000038777-26-000194
Document: 0000038777-26-000194-index-headers.html0000038777-26-000194
Document: 0000038777-26-000194-index.html0000038777-26-000194
Document: 0000038777-26-000194.txt0000038777-26-000194
7 reports for BEN
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for BEN — sortable, filterable
TypeNow
Aug 13, 2026
7w ago
13F-HR
NEUTRAL ★ 5/10
$33.86 $33.65▼ −0.62%▲ +1.13%$32.81 (−3.10%)
Aug 10, 2026
7w ago
8-K
NEUTRAL ★ 4/10
$33.36 $34.12▲ +2.28%▲ +3.34%$32.81 (−1.65%)
Aug 5, 2026
8w ago
424B5
NEUTRAL ★ 4/10
$34.92 $33.01▼ −5.47%▼ −4.87%$32.81 (−6.04%)
Jul 31, 2026
9w ago
8-K
MIXED ★ 5/10
$33.86 $34.65▲ +2.33%▼ −0.65%$32.81 (−3.10%)
Jul 23, 2026
10w ago
8-K
NEUTRAL ★ 3/10
$32.29 $33.97▲ +5.20%▲ +1.89%$32.81 (+1.61%)
Jun 11, 2026
16w ago
Institutional Cluster
BEARISH ★ 5/10
$31.81 $33.68▼ −5.88%▼ −3.99%$32.81 (−3.14%)
Jun 5, 2026
17w ago
8-K
BULLISH ★ 6/10
$31.33 $34.44▲ +9.93%▲ +8.06%$32.81 (+4.72%)
Showing 7 of 7

US Market Status

Market Closed — Opens Mon (65h)

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