Franklin said its compensation committee decided to make the generous increases "in light of the company's very strong performance this fiscal year," ended Sept. 30.
The $5.79 million included base salaries of $789,138, bonuses of $2.65 million and $2.35 million in restricted stock. In addition, the executives got 45,000 stock options with strike prices of $48.98. Although these shares are currently worth $2.2 million, the proxy said that if the stock continues to rise 10% a year, they could be worth up to $3.51 million.