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Charles B. Johnson served as the CEO of Franklin Resources, Inc. (known as Franklin Templeton) from 1999 until 2013. He played a key role in shaping the company into a major player in the asset management industry. Charles held significant...

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Charles B. Johnson

Ex-CEO of Franklin Resources

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

CEO of Franklin Resources for

13 years 6 months (Dec 1999 - Jun 2013)

Previous Experience

Chairman and CEO of Franklin Resources, Inc.

Holdings

See how much did Charles B. Johnson make over time.

Charles B. Johnson had substantial holdings in Franklin Resources, with ownership of about 107.2 million shares, representing approximately 18.9% of the company. His shareholding has fluctuated significantly over the years, indicating strong involvement in the firm’s performance. At one point,...

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Total Stock Sold

$37.29M

BEN

$37.29M

1,800,000 BEN shares

What if they kept their stock?

If Charles B. Johnson didn't sell their stock, today they would have:
Extra BEN1,800,000 shares worth $30.15M.
This is -19.15% and $7.14M less than what they got when they sold the stock.

Charitable Transactions

BEN

13,706,918 shares

BEN

Recent Charitable Transactions

BEN

25,175 shares

BEN

Dec 11, 2024

Charity

BEN

7,950 shares

BEN

Dec 3, 2024

Charity

BEN

680,000 shares

BEN

Dec 21, 2023

Charity

BEN

28,800 shares

BEN

Dec 12, 2023

Charity

BEN

885,898 shares

BEN

Dec 12, 2022

Charity

BEN

985,523 shares

BEN

Sep 30, 2022

Charity

Insider Trading

See recent insider trades of Charles B. Johnson.

BEN

25,175 shares

BEN

Dec 11, 2024

Charity

BEN

7,950 shares

BEN

Dec 3, 2024

Charity

BEN

$1.91M

BEN at $19.08/share

Sep 11, 2024

Purchase

BEN

$1.98M

BEN at $19.84/share

Aug 29, 2024

Purchase

BEN

$4.56M

BEN at $22.80/share

Jun 21, 2024

Purchase

BEN

$2.23M

BEN at $22.29/share

Jun 18, 2024

Purchase

BEN

680,000 shares

BEN

Dec 21, 2023

Charity

BEN

28,800 shares

BEN

Dec 12, 2023

Charity

BEN

885,898 shares

BEN

Dec 12, 2022

Charity

BEN

985,523 shares

BEN

Sep 30, 2022

Charity

Compensation History

See how much did Charles B. Johnson make over time.

In 2013, Charles B. Johnson's compensation as CEO of Franklin Resources reached a total of $12.1 million. This included a base salary of $780,132 and a staggering performance-based bonus of $11.5 million. The structure of his pay reflected a move to tie compensation to the company's performance metrics like revenue and earnings. Notably, he also received $8.55 million in stock awards that vested based on meeting specific goals. This performance-based pay model not only rewarded him for outcomes but ensured that he remained aligned with shareholder interests, a progressive approach in corporate governance. Charles' compensation history underscores how his leadership was directly tied to Franklin’s financial outcomes, providing a real incentive for driving growth and performance year-on-year.

Year

2013

Total Compensation

$20.98M

Salary

$780.13K

Board Justification

The compensation philosophy emphasizes linking executive compensation to the company's performance and aligning it with the interests of stockholders, while also considering market competitiveness and retention strategies.

Bonus

$11.50M

Board Justification

The bonus was granted under the Key Executive Incentive Plan (KEIP) based on the company's performance metrics for fiscal year 2013, with a maximum target award equal to 40% of the bonus pool.

Other

$152.57K

Board Justification

Includes $151,474 for personal use of the Company’s aircraft.

Restricted Stock

$8.55M(8.55M RSU)

Board Justification

The stock awards represent the aggregate grant date fair value for all grants made during the fiscal year in accordance with ASC 718, which includes performance-based awards that vested based on the achievement of specified performance measures.

Performance Metrics

The performance metrics included annual revenue, investment management revenue, assets under management, operating income, diluted earnings per share growth, and total return to stockholders.

Other Franklin Resources CEOs

Here are other CEOs of Franklin Resources