Franklin Resources said its Compensation Committee, a committee of the Board of Directors, decided on February 5, 2024 to award Matthew Nicholls a special bonus of $750,000.

1. 01

   Franklin Resources said its Compensation Committee, a committee of the Board of Directors, decided on February 5, 2024 to award Matthew Nicholls a special bonus of $750,000.

2. 02

   The company said Matthew Nicholls, who receives the special bonus, is its Executive Vice President, Chief Financial Officer and Chief Operating Officer.

3. 03

   Franklin Resources said the bonus was awarded to recognize Nicholls's contributions to a recent acquisition.

4. 04

   The company said the bonus is payable in cash on or before March 1, 2024. It disclosed the matter under Item 5.02 of Form 8-K.

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