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...

Number of Employees

10.3K

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.

SEC Filing

From January 23, 2014