James S. Putnam of LPL Financial (LPLA) makes 2,000-share stock gift
Rhea-AI Filing Summary
James S. Putnam, a director of LPL Financial Holdings Inc., reported a bona fide charitable gift of 2,000 shares of common stock on August 3, 2026. The transfer was recorded at $0.00 per share as a disposition. Following the gift, he directly holds 135,290.5 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,000 shares
Net Sell
1 txn
Insider
Putnam James S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 2,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 135,290.5 shares (Direct)
Footnotes (1)
- F1. This transaction was a charitable gift of securities by the reporting person.
Key Figures
Shares gifted: 2,000 shares
Per-share transaction price: $0.00 per share
Shares held after transaction: 135,290.5 shares
3 metrics
Shares gifted
2,000 shares
Bona fide charitable gift of common stock on August 3, 2026
Per-share transaction price
$0.00 per share
Reported price for the charitable gift transaction
Shares held after transaction
135,290.5 shares
Directly held LPL Financial common stock after the reported gift
Key Terms
bona fide gift, charitable gift of securities, Power of Attorney
3 terms
bona fide gift financial
"Transaction code description is "Bona fide gift" for the transfer."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
charitable gift of securities financial
"Footnote F1 states this was a charitable gift of securities."
Power of Attorney regulatory
"Signatory acted under a Power of Attorney dated November 21, 2024."
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did James S. Putnam report for LPLA?
James S. Putnam reported a bona fide charitable gift of 2,000 shares of LPL Financial Holdings Inc. common stock. The August 3, 2026 transaction was coded as a gift at $0.00 per share and reduced his directly held position to 135,290.5 shares.
When did the reported LPLA stock gift by James S. Putnam occur?
The reported LPLA stock transaction occurred on August 3, 2026. On that date, director James S. Putnam made a bona fide charitable gift of 2,000 shares of LPL Financial common stock, recorded as a disposition at $0.00 per share.
Was James S. Putnam’s LPLA transaction a sale or a gift?
The transaction was a bona fide charitable gift, not a sale. It involved transferring 2,000 LPL Financial common shares at a reported price of $0.00 per share, as confirmed by the transaction code and a footnote describing it as a charitable gift of securities.
Was the LPLA stock gift by James S. Putnam under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox was not marked as a trading plan for this transaction. The filing instead characterizes the activity as a bona fide charitable gift of 2,000 LPL Financial common shares made directly by the reporting person.
What is James S. Putnam’s role at LPL Financial Holdings Inc. (LPLA)?
James S. Putnam is reported as a director of LPL Financial Holdings Inc. In this capacity he reported a bona fide charitable gift of 2,000 directly held common shares, leaving him with 135,290.5 LPL Financial common shares after the transaction.