LPL Financial (LPLA) director granted 712 deferred stock units vesting in 2027

Q: Under which plans were James S. Putnam’s LPL Financial (LPLA) stock units granted and deferred?

The 712 stock units were granted under LPL’s 2021 Omnibus Equity Incentive Plan . They are also subject to a written deferral election under the company’s Non-Employee Director Deferred Compensation Plan , deferring the equity portion of his annual director retainer.

Q: Is James S. Putnam’s LPL Financial (LPLA) award a market purchase or a compensation grant?

The 712 stock units reported for James S. Putnam are a compensation grant , not a market purchase. The Form 4 uses transaction code “A” for a grant or award, and the price per share is reported as $0.00 , indicating no cash outlay.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Putnam James S reported acquisition or exercise transactions in this Form 4 filing.

LPL Financial Holdings Inc. director James S. Putnam received an equity grant of 712 shares of common stock in the form of stock units at a price of $0.00 per share. These stock units were granted under the company’s 2021 Omnibus Equity Incentive Plan and are scheduled to vest in full on May 20, 2027. The units are subject to a deferral election under LPL’s Non-Employee Director Deferred Compensation Plan, reflecting Mr. Putnam’s choice to defer the equity portion of his annual director retainer. Following this grant, he directly holds 137,280.5 shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Putnam James S

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	712	$0.00	--

Holdings After Transaction: Common Stock — 137,280.5 shares (Direct, null)

Footnotes (1)

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Key Figures

Stock units granted: 712 stock units Grant price: $0.00 per share Total shares after grant: 137,280.5 shares +1 more

4 metrics

Stock units granted 712 stock units Equity award to director James S. Putnam

Grant price $0.00 per share Non-cash equity compensation grant

Total shares after grant 137,280.5 shares Direct holdings following transaction

Vesting date May 20, 2027 Scheduled full vesting of stock units

Key Terms

2021 Omnibus Equity Incentive Plan, Non-Employee Director Deferred Compensation Plan, stock units, annual retainer

4 terms

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"

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.

annual retainer financial

"elected to defer receipt of the equity portion of the annual retainer under the Issuer's Non-Employee Director Compensation Policy."

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 04:25 PM

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^*

Putnam James S

(Last)

(First)

(Middle)

C/O LPL FINANCIAL HOLDINGS INC.

4707 EXECUTIVE DRIVE

(Street)

SAN DIEGO

CALIFORNIA

92121

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/15/2026		A		712⁽¹⁾	A	$0	137,280.5	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 scheduled to vest in full on May 20, 2027. These stock units are subject to a written deferral election under the Issuer's Non-Employee Director Deferred Compensation Plan pursuant to which the reporting person elected to defer receipt of the equity portion of the annual retainer under the Issuer's Non-Employee Director Compensation Policy.

Remarks:

The signatory is signing on behalf of James S. Putnam pursuant to a Power of Attorney dated November 21, 2024.

	/s/ Robert S. Hatfield III, attorney-in-fact	05/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did LPL Financial (LPLA) report for James S. Putnam?

LPL Financial reported that director James S. Putnam received a grant of 712 stock units of common stock at $0.00 per share. The grant is a non-cash equity award tied to his service as a non-employee director and annual retainer.

When do James S. Putnam’s new LPL Financial (LPLA) stock units vest?

The 712 stock units granted to James S. Putnam are scheduled to vest in full on May 20, 2027. Vesting means he becomes entitled to receive one share of LPL common stock for each unit, subject to the plan’s terms and continued service.

Under which plans were James S. Putnam’s LPL Financial (LPLA) stock units granted and deferred?

The 712 stock units were granted under LPL’s 2021 Omnibus Equity Incentive Plan. They are also subject to a written deferral election under the company’s Non-Employee Director Deferred Compensation Plan, deferring the equity portion of his annual director retainer.

How many LPL Financial (LPLA) shares does James S. Putnam hold after this grant?

After receiving the 712 stock units, James S. Putnam directly holds 137,280.5 shares of LPL Financial common stock. This figure reflects his total direct ownership position as reported following the non-derivative equity award transaction.

Is James S. Putnam’s LPL Financial (LPLA) award a market purchase or a compensation grant?

The 712 stock units reported for James S. Putnam are a compensation grant, not a market purchase. The Form 4 uses transaction code “A” for a grant or award, and the price per share is reported as $0.00, indicating no cash outlay.

What does deferring the equity portion of the annual retainer mean for LPL Financial (LPLA) director James S. Putnam?

Deferring the equity portion means James S. Putnam elected, in writing, to receive his annual director retainer in deferred stock units instead of immediate shares. Under LPL’s Non-Employee Director Deferred Compensation Plan, these units convert into common stock at a future time.