V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough
Asset Management

Franklin Resources Executive Compensation (FY25)

BEN · San Mateo, CA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): February 5, 2026
186 figures on this page: 183 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
Total compensation for Jennifer Johnson, Chief Executive Officer, came to $16,844,816 in fiscal 2025, and Johnson's total was 2.3% lower than the $17,238,416 reported for fiscal 2024. The company reported a chief executive pay ratio of 113:1 for fiscal 2025. For fiscal 2025, shareholders backed the say-on-pay proposal with 92.8% of votes cast for or against in favor at the meeting held February 3, 2026. The disclosed peer group includes Affiliated Managers Group, Inc., AllianceBernstein Holding L.P., Ameriprise Financial, Inc., BlackRock, Inc. and Invesco Ltd., among others.
Chief executive, fiscal 2025
◇
Jennifer Johnson
Latest say-on-pay support
=
February 3, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Jennifer Johnson: $17,238,416 → $16,844,816 (2.3% lower)
CEO pay ratio: 112:1 → 113:1 (0.9% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Franklin Resources' chief executive and what were they paid?
Total compensation for Jennifer Johnson, Chief Executive Officer, came to $16,844,816 in fiscal 2025. Johnson's total was 2.3% lower than the $17,238,416 reported for fiscal 2024.
What was Franklin Resources' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 92.8% of votes cast for or against in favor at the meeting held February 3, 2026.
Which companies are in Franklin Resources' peer group?
The disclosed peer group includes Affiliated Managers Group, Inc., AllianceBernstein Holding L.P., Ameriprise Financial, Inc., BlackRock, Inc. and Invesco Ltd., among others.
What is Franklin Resources' chief executive pay ratio?
The company reported a chief executive pay ratio of 113:1 for fiscal 2025.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jennifer Johnson
President and Chief Executive Officer
◇—◇—◇—◇◇
Gregory Johnson
Executive Chairman and Chairman of the Board
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Terrence Murphy
Co-President and Head of Public Market Investments
◇◇◇—◇—◇◇
Jennifer Johnson
Chief Executive Officer
◇—◇—◇—◇◇
Matthew Nicholls
Co-President, Chief Financial Officer and Chief Operating Officer
◇—◇—◇—◇◇
Adam Spector
Former Executive Vice President
Departed during or after this year
◇—◇—◇—◇◇
Gregory Johnson
Executive Chairman and Chairman of the Board
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jennifer Johnson
Chief Executive Officer
◇—◇—◇—◇◇
Terrence Murphy
Co-President and Head of Public Market Investments
◇—◇—◇—◇◇
Adam Spector
Former Executive Vice President
Departed during or after this year
◇—◇—◇—◇◇
Matthew Nicholls
Co-President, CFO & COO
◇◇◇—◇—◇◇
Gregory Johnson
Executive Chairman and Chairman of the Board
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jennifer Johnson
Chief Executive Officer
◇—◇—◇—◇◇
Terrence Murphy
Co-President and Head of Public Market Investments
◇—◇—◇—◇◇
Matthew Nicholls
Co-President, Chief Financial Officer and Chief Operating Officer
◇—◇—◇—◇◇
Adam Spector
Former Executive Vice President
Departed during or after this year
◇—◇—◇—◇◇
Gregory Johnson
Executive Chairman and Chairman of the Board
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Adam B. SpectorPSU◇◇◇—◇—◇
Adam B. SpectorRSU◇——◇——◇
Gregory E. JohnsonRSU◇——◇——◇
Gregory E. JohnsonPSU◇◇◇—◇—◇
Jennifer M. JohnsonPSU◇◇◇—◇—◇
Jennifer M. JohnsonRSU◇——◇——◇
Matthew NichollsPSU◇◇◇—◇—◇
Matthew NichollsRSU◇——◇——◇
Terrence J. MurphyRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Gregory JohnsonPSU◇◇——
RSU◇◇——
Matthew NichollsRSU◇◇——
PSU◇◇——
Jennifer JohnsonRSU◇◇——
PSU◇◇——
Adam SpectorRSU◇◇——
PSU◇◇——
Terrence MurphyRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mariann Byerwalter
◇◇————◇
Alexander S. Friedman
◇◇————◇
Geoffrey Y. Yang
◇◇————◇
John W. Thiel
◇◇————◇
Karen King
—◇————◇
Seth H. Waugh
◇◇————◇
Anthony J. Noto
◇◇————◇
John Y. Kim
—◇————◇
Rupert H. Johnson, Jr, Jennifer M. Johnson and Gregory E. Johnson served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Board meeting fee◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Affiliated Managers Group, Inc. AMG
  • AllianceBernstein Holding L.P. AB
  • Ameriprise Financial, Inc. AMP
  • BlackRock, Inc. BLK
  • Invesco Ltd. IVZ
  • Janus Henderson Group plc JHG
  • KKR & Co. Inc. KKR
  • Lazard, Inc. LAZ
  • Northern Trust Corporation NTRS
  • Raymond James Financial, Inc. RJF
  • State Street Corporation STT
  • T. Rowe Price Group, Inc. TROW
  • The Bank of New York Mellon Corporation BNY
  • The Carlyle Group Inc. CG

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025February 3, 2026=◇◇◇
2022February 7, 2023=◇◇◇
2019—=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Chief executive total compensation
◇
Email me this page as a cited PDF
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when Franklin Resources files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact Franklin Resources disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Franklin Resources sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for a Velarion Pro seat
Full platform access for one person: every industry we cover, peer positioning, and the written analysis. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.
Join the list for Peer Group Review
Whether Franklin Resources' disclosed peer group is defensible, who names Franklin Resources back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
186 figures on this page: 183 cited to the filing that reported them, 3 calculated from figures it prints.
183 cited to the filing
3 calculated from the filing

Documents cited

  1. 0000038777-26-000051
  2. 0001140361-25-046314
    CEO pay ratio · Grants of plan-based awards for fiscal year 2025 · Non-Employee director compensation · Outstanding equity awards at 2025 fiscal year-end · and 1 more section
  3. 0001140361-24-050019
    Fiscal year 2025 director compensation · Non-Employee director compensation · Summary Compensation Table for Fiscal Year 2024
  4. 0001308179-23-001092
    Summary Compensation Table for Fiscal Year 2023
  5. 0000038777-23-000044
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001308179-22-000433
    Summary Compensation Table
  7. 0000038777-20-000070
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Franklin Resources executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/BEN (accessed 2026).
Short form: data: Velarion
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Franklin Resources and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Asset Management rankings

Chief executive pay — Asset ManagementCEO pay ratio — Asset ManagementSay-on-pay support — Asset Management

Peers Franklin Resources discloses

The companies named in BEN's own disclosed peer group.

Affiliated Managers Group, Inc.Ameriprise Financial, Inc.BlackRock, Inc.Invesco Ltd.Janus Henderson Group plcKKR & Co. Inc.Lazard, Inc.Northern Trust CorporationRaymond James Financial, Inc.State Street CorporationT. Rowe Price Group, Inc.The Bank of New York Mellon CorporationThe Carlyle Group Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy