[Form 4] LPL Financial Holdings Inc. Insider Trading Activity

Rhea-AI Filing Summary

LPL Financial Holdings Inc. (LPLA) director Edward C. Bernard had stock units credited to his deferred compensation account on 08/29/2025. The filing reports 15,188 shares of common stock beneficially owned following the transaction. The units were granted under the Issuer's 2021 Omnibus Equity Incentive Plan, are fully vested, and were credited to the reporting person's Non-Employee Director Deferred Compensation Plan account in connection with a quarterly cash dividend. The transaction shows an acquisition at a reported price of $0. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.

Positive

• 15,188 shares of common stock are reported as beneficially owned following the transaction
• Stock units are fully vested and were credited to the reporting person's Non-Employee Director Deferred Compensation Plan
• Units were granted under the Issuer's 2021 Omnibus Equity Incentive Plan and each unit represents the right to one share

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received fully vested stock units credited to deferred account, disclosed on Form 4; no unusual terms disclosed.

The filing documents a routine director equity credit: stock units from the 2021 Omnibus Equity Incentive Plan were credited to the reporting person's deferred compensation account and are fully vested. The conversion feature is standard: each unit represents the right to one share. The report includes the post-transaction beneficial ownership of 15,188 shares and was executed under a power of attorney. This appears to be an administrative equity-credit event tied to a dividend, not a market purchase or sale.

Securities Analyst

TL;DR: Insider disclosure shows a non-cash grant converted to deferred units; impact on float or control appears immaterial.

The transaction is recorded as an acquisition at a $0 price reflecting crediting of stock units rather than a cash purchase. The form specifies the units are fully vested and were credited in connection with a quarterly cash dividend. The post-transaction beneficial ownership figure is explicitly stated as 15,188 shares. Absent additional detail on dilution or timing of share settlement, this filing is informational and routine.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BERNARD EDWARD C

(Last) (First) (Middle)

C/O LPL FINANCIAL HOLDINGS INC.

4707 EXECUTIVE DRIVE

(Street)

SAN DIEGO CA 92121

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LPL Financial Holdings Inc. [ LPLA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/29/2025		A		3(1)	A	$0	15,188	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents stock units granted under the Issuer's 2021 Omnibus Equity Incentive Plan. Each stock unit represents the right to receive one share of common stock and is fully vested. The reporting person was previously granted stock units that were subject to a written deferral election under the Issuer's Non-Employee Director Deferred Compensation Plan (the "DDCP"), which stock units are fully vested as of the date hereof. The stock units reported hereby were credited to the reporting person's DDCP account in connection with a quarterly cash dividend that was paid on shares of common stock.

Remarks:

The signatory is signing on behalf of Edward C. Bernard pursuant to a Power of Attorney dated November 21, 2024.

	/s/ Robert S. Hatfield III, attorney-in-fact	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Form 4 filed for LPLA disclose?

The Form 4 discloses that director Edward C. Bernard had stock units credited to his deferred compensation account, resulting in 15,188 shares beneficially owned after the transaction.

When did the reported transaction occur for LPLA insider Edward C. Bernard?

The earliest transaction date listed on the Form 4 is 08/29/2025.

Were the stock units acquired for LPLA paid in cash?

The transaction is reported with a price of $0, reflecting crediting of stock units rather than a cash purchase.

What plan governed the credited stock units for the LPLA director?

The units were granted under the company’s 2021 Omnibus Equity Incentive Plan and were credited to the Non-Employee Director Deferred Compensation Plan (DDCP).

Are the credited stock units vested for the reporting person?

Yes, the filing explicitly states the stock units are fully vested as of the date reported.