LPL director Schifter granted 14 stock units
LPL Financial Holdings Inc. (LPLA) director Richard P. Schifter reported an acquisition of common stock on August 28, 2026.
Rhea-AI Filing Summary
LPL Financial Holdings Inc. (LPLA) director Richard P. Schifter reported an acquisition of common stock on August 28, 2026. He received 14 stock units, each representing one fully vested share of common stock, granted under the 2021 Omnibus Equity Incentive Plan and credited to his Non-Employee Director Deferred Compensation Plan account in connection with a quarterly cash dividend.
Following this grant, Schifter directly holds 39,191.5716 shares of LPLA common stock. He is also co-trustee of 11 separate grandchildren's trusts, each holding 440 shares of LPLA common stock; he remains the beneficial owner of the securities held by these trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 14 shares
Grant/Award
12 txns
Insider
SCHIFTER RICHARD P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 14 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 39,191.5716 shares (Direct);
Common Stock — 440 shares (Indirect, By Co-Trustee of Grandchild's Trust #1);
Common Stock — 440 shares (Indirect, By Co-Trustee of Grandchild's Trust #2);
Common Stock — 440 shares (Indirect, By Co-Trustee of Grandchild's Trust #3);
Common Stock — 440 shares (Indirect, By Co-Trustee of Grandchild's Trust #4);
Common Stock — 440 shares (Indirect, By Co-Trustee of Grandchild's Trust #5);
Common Stock — 440 shares (Indirect, By Co-Trustee of Grandchild's Trust #6);
Common Stock — 440 shares (Indirect, By Co-Trustee of Grandchild's Trust #7);
Common Stock — 440 shares (Indirect, By Co-Trustee of Grandchild's Trust #8);
Common Stock — 440 shares (Indirect, By Co-Trustee of Grandchild's Trust #9);
Common Stock — 440 shares (Indirect, By Co-Trustee of Grandchild's Trust #10);
Common Stock — 440 shares (Indirect, By Co-Trustee of Grandchild's Trust #11)
Footnotes (2)
- 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.
- F2. The reporting person is a co-trustee of each trust, and the sole beneficiary of each trust is a grandchild of the reporting person. The reporting person remains the beneficial owner of the securities held by such trusts.
Key Figures
Stock units granted: 14 stock units
Direct common stock holdings after transaction: 39,191.5716 shares
Shares per grandchild's trust: 440 shares
+3 more
6 metrics
Stock units granted
14 stock units
Grant of fully vested stock units under 2021 Omnibus Equity Incentive Plan on August 28, 2026
Direct common stock holdings after transaction
39,191.5716 shares
Total LPLA common stock directly owned by Richard P. Schifter following the August 28, 2026 grant
Shares per grandchild's trust
440 shares
Indirect LPLA common stock held in each grandchild's trust where Schifter is co-trustee
Number of grandchildren's trusts
11 trusts
Separate trusts for grandchildren holding LPLA common stock, with Schifter as co-trustee
Transaction date
August 28, 2026
Date of stock unit grant and reported holdings for LPLA common stock
Holding entries
11
Number of indirect holding entries reported in the Form 4 transaction summary
Key Terms
stock units, 2021 Omnibus Equity Incentive Plan, Non-Employee Director Deferred Compensation Plan, beneficial owner, +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"
beneficial owner financial
"The reporting person remains the beneficial owner of the securities held by such trusts."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
co-trustee financial
"The reporting person is a co-trustee of each trust, and the sole beneficiary"
FAQ
What insider transaction did LPLA director Richard P. Schifter report on August 28, 2026?
He reported an acquisition of 14 stock units of LPL Financial Holdings Inc. common stock. The units were granted under the 2021 Omnibus Equity Incentive Plan and credited to his Non-Employee Director Deferred Compensation Plan account in connection with a quarterly cash dividend.
What are the terms of the 14 stock units reported by LPLA director Schifter?
The 14 stock units were granted under LPL’s 2021 Omnibus Equity Incentive Plan. Each stock unit represents the right to receive one share of common stock and is fully vested. They were credited in connection with a quarterly cash dividend paid on common shares.
What is the relationship between Schifter’s stock units and LPLA’s Non-Employee Director Deferred Compensation Plan (DDCP)?
Schifter had previously elected to defer certain stock units under the Non-Employee Director Deferred Compensation Plan. The 14 stock units reported were credited to his DDCP account and are fully vested, reflecting stock units tied to a quarterly cash dividend on common stock.
What indirect LPLA holdings does Richard P. Schifter report through grandchildren’s trusts?
He is a co-trustee of 11 separate grandchildren's trusts, each holding 440 shares of LPL Financial Holdings Inc. common stock. The filing states that Schifter remains the beneficial owner of the securities held by these trusts.
Was the reported LPLA stock unit grant to Schifter made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox indicates false, meaning the reported transactions were not affirmed as being made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
