LPLA insider filing: Allison Mnookin receives 2 vested stock units

Rhea-AI Filing Summary

Allison Mnookin, a director of LPL Financial Holdings Inc. (LPLA), was credited with 2 fully vested stock units on 08/29/2025. Each stock unit represents the right to receive one share of common stock and these units were credited to her Non-Employee Director Deferred Compensation Plan account in connection with a quarterly cash dividend. After the transaction the reporting person is shown as beneficially owning 11,041 shares. The Form 4 was signed by an attorney-in-fact on 09/03/2025.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation credited to a deferred plan; no new options or disposition reported.

The filing documents a non-derivative award of 2 fully vested stock units credited to the reporting person's deferred compensation account tied to a quarterly dividend. This is a standard corporate governance outcome reflecting director compensation mechanics rather than a trading decision. The change increases reported beneficial ownership to 11,041 shares but does not indicate sale, exercise, or a material change in ownership percentage.

Securities Analyst

TL;DR: Non-material insider activity; transaction stems from dividend-linked deferred compensation.

The entry shows an acquisition code for 2 stock units under the 2021 Omnibus Equity Incentive Plan that were credited to the Non-Employee Director Deferred Compensation Plan and are fully vested. No cash consideration was reported and no derivative instruments were involved. For investors, this is a routine reporting of director compensation with limited market impact based on the disclosed quantities.

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^*

Mnookin Allison

(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		2(1)	A	$0	11,041	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 Allison Mnookin pursuant to a Power of Attorney dated November 19, 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 transaction did Allison Mnookin report on Form 4 for LPLA?

She was credited with 2 fully vested stock units on 08/29/2025, reported as an acquisition tied to a dividend credit.

How many shares does the reporting person beneficially own after the reported transaction?

11,041 shares are reported as beneficially owned following the transaction.

Were the stock units subject to vesting or deferred compensation rules?

The units are fully vested and were credited to the Non-Employee Director Deferred Compensation Plan (DDCP).

Was any cash paid for the reported stock units?

No cash price was reported; the acquisition is shown with a $0 price and resulted from a dividend credit.

When was the Form 4 signed and by whom?

The form was signed on 09/03/2025 by Robert S. Hatfield III as attorney-in-fact for Allison Mnookin.