LPL director receives small stock unit grant
LPL Financial Holdings Inc. director Allison Mnookin received an award of 3 fully vested stock units of common stock on a grant coded as a compensation-related acquisition.
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Form Type
4
Rhea-AI Filing Summary
LPL Financial Holdings Inc. director Allison Mnookin received an award of 3 fully vested stock units of common stock on a grant coded as a compensation-related acquisition. These units were credited to her deferred compensation plan account as dividend equivalents, bringing her direct holdings to 11,761 shares.
Insider Trade Summary
Grant/Award: 3 shares
Grant/Award
1 txn
Insider
Mnookin Allison
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 11,761 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Stock units granted: 3 stock units
Holdings after transaction: 11,761 shares
Grant price per unit: $0.0000 per share
3 metrics
Stock units granted
3 stock units
Director award on June 4, 2026
Holdings after transaction
11,761 shares
Common stock directly held after grant
Grant price per unit
$0.0000 per share
Non-cash, fully vested stock unit award
Key Terms
stock units, 2021 Omnibus Equity Incentive Plan, Non-Employee Director Deferred Compensation Plan, DDCP, +1 more
5 terms
stock units financial
"Represents stock units granted under the Issuer's 2021 Omnibus Equity Incentive Plan."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
2021 Omnibus Equity Incentive Plan financial
"Represents stock units granted under the Issuer's 2021 Omnibus Equity Incentive Plan."
Non-Employee Director Deferred Compensation Plan financial
"subject to a written deferral election under the Issuer's Non-Employee Director Deferred Compensation Plan"
DDCP financial
"The stock units reported hereby were credited to the reporting person's DDCP account"
quarterly cash dividend financial
"credited ... in connection with a quarterly cash dividend that was paid on shares of common stock."
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did LPL Financial (LPLA) director Allison Mnookin report in this Form 4?
Allison Mnookin reported receiving 3 fully vested stock units of LPL Financial common stock as a compensation-related grant. The units were credited as dividend equivalents to her deferred compensation plan account under existing company equity plans.
What type of award did Allison Mnookin receive from LPL Financial (LPLA)?
She received stock units granted under LPL Financial’s 2021 Omnibus Equity Incentive Plan. Each stock unit represents the right to receive one share of common stock and is fully vested, functioning as a compensation-related, non-cash equity award for a non-employee director.
How were the new LPL Financial (LPLA) stock units credited to Allison Mnookin?
The stock units were credited to Allison Mnookin’s account under the Non-Employee Director Deferred Compensation Plan. They were added in connection with a quarterly cash dividend paid on LPL Financial common stock, effectively providing dividend-equivalent stock units instead of cash.
Was there a purchase price for Allison Mnookin’s LPL Financial (LPLA) stock units?
No cash purchase price applied to this grant; the units are shown with a per-share price of 0.0000. The filing describes them as fully vested stock units granted under company equity and deferred compensation plans, reflecting non-cash director compensation rather than an open-market purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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