Franklin Resources CEO Jennifer Johnson's 2022 pay jumps 60% to $16M
Franklin Resources reports 2022 executive compensation
By ExecPay News
Published: December 28, 2022
Franklin Resources reported fiscal year 2022 executive compensation information on December 28, 2022.
In 2022, five executives at Franklin Resources received on average a compensation package of $8.2M, a 27% increase compared to previous year.
Average pay of disclosed executives at Franklin Resources
Jennifer M. Johnson, Chief Executive Officer, received $16M in total, which increased by 60% compared to 2021. 71% of Johnson's compensation, or $11M, was in stock awards. Johnson also received $3.7M in non-equity incentive plan, $753K in salary, as well as $173K in other compensation.
For fiscal year 2022, the median employee pay was $126,915 at Franklin Resources. Therefore, the ratio of Jennifer M. Johnson's pay to the median employee pay was 124 to one.
Matthew Nicholls, Chief Financial Officer, received a compensation package of $9M, which increased by 60% compared to previous year. 58% of the compensation package, or $5.2M, was in stock awards.
Adam B. Spector, Executive Vice President, earned $8.4M in 2022, a 4% increase compared to previous year.
Jed A. Plafker, Executive Vice President, received $4.3M in 2022, which increases by 25% compared to 2021.
Gregory E. Johnson, Chairman, earned $3.6M in 2022, a 31% decrease compared to previous year.
Franklin Resources' fiscal year ends on September 30.
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Source: SEC filing on December 28, 2022.