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Director at LPL Financial (LPLA) receives deferred stock unit awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LPL Financial Holdings Inc. director Thomas Corey E. reported equity awards of common stock units granted on May 15, 2026. The filing shows two acquisitions of stock units, for 348 and 712 units, at no cash cost, each unit representing the right to receive one share of common stock.

The awards were granted under LPL’s 2021 Omnibus Equity Incentive Plan and are linked to the non-employee director annual retainer. One grant is scheduled to vest in full on May 20, 2027, while the other is fully vested. Both grants are subject to deferral elections under the Non-Employee Director Deferred Compensation Plan, meaning receipt of the related shares or cash is deferred according to the director’s elections.

Positive

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Insider Thomas Corey E.
Role null
Type Security Shares Price Value
Grant/Award Common Stock 712 $0.00 --
Grant/Award Common Stock 348 $0.00 --
Holdings After Transaction: Common Stock — 14,553 shares (Direct, null)
Footnotes (1)
  1. Represents stock units granted under the Issuer's 2021 Omnibus Equity Incentive Plan (the "2021 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 (the "DDCP") 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 (the "Policy"). Represents stock units granted under the 2021 Plan. Each stock unit represents the right to receive one share of common stock and is fully vested. These stock units are subject to a written deferral election under the DDCP pursuant to which the reporting person elected to defer receipt of the cash portion of the annual retainer under the Policy.
Stock units granted 348 stock units Common stock units granted on May 15, 2026
Additional stock units granted 712 stock units Common stock units granted on May 15, 2026
Post-transaction holdings example 14,901 shares Shares of common stock directly owned after one grant
Alternative post-transaction holdings 14,553 shares Shares of common stock directly owned after the other grant
Vesting date May 20, 2027 One stock unit grant vests in full on this date
2021 Omnibus Equity Incentive Plan financial
"Represents stock units granted under the Issuer's 2021 Omnibus Equity Incentive Plan (the "2021 Plan")."
stock units financial
"Each stock unit represents the right to receive one share of common stock and is scheduled to vest in full on May 20, 2027."
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.
Non-Employee Director Deferred Compensation Plan financial
"These stock units are subject to a written deferral election under the Issuer's Non-Employee Director Deferred Compensation Plan (the "DDCP")."
annual retainer financial
"the reporting person elected to defer receipt of the equity portion of the annual retainer under the Issuer's Non-Employee Director Compensation Policy (the "Policy")."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Thomas Corey E.
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/15/2026A712(1)A$014,553D
Common Stock05/15/2026A348(2)A$014,901D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents stock units granted under the Issuer's 2021 Omnibus Equity Incentive Plan (the "2021 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 (the "DDCP") 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 (the "Policy").
2. Represents stock units granted under the 2021 Plan. Each stock unit represents the right to receive one share of common stock and is fully vested. These stock units are subject to a written deferral election under the DDCP pursuant to which the reporting person elected to defer receipt of the cash portion of the annual retainer under the Policy.
Remarks:
The signatory is signing on behalf of Corey E. Thomas pursuant to a Power of Attorney dated November 25, 2024.
/s/ Robert S. Hatfield III, attorney-in-fact05/19/2026
** Signature of Reporting PersonDate
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) director Thomas Corey E. report?

Thomas Corey E. reported receiving stock unit awards of LPL Financial common stock. The Form 4 shows two grants totaling 348 and 712 stock units, issued at no cash cost as part of his non-employee director compensation.

How many LPL Financial (LPLA) stock units were granted to the director?

The director was granted 348 stock units in one transaction and 712 stock units in another. Each unit represents the right to receive one share of LPL Financial common stock under the company’s 2021 Omnibus Equity Incentive Plan.

When do the new LPL Financial (LPLA) stock units granted to the director vest?

One block of stock units is scheduled to vest in full on May 20, 2027. The other block is already fully vested, according to the Form 4 footnotes describing the director’s equity awards under the 2021 Omnibus Equity Incentive Plan.

What plans govern the LPL Financial (LPLA) director’s new stock unit awards?

The stock units were granted under LPL’s 2021 Omnibus Equity Incentive Plan. They are also subject to the Non-Employee Director Deferred Compensation Plan, which lets the director defer receipt of equity or cash tied to the annual retainer compensation policy.

Did the LPL Financial (LPLA) director pay cash for these stock unit grants?

No cash was paid for these awards; the reported price per share is zero. The grants represent compensation in the form of stock units tied to the director’s annual retainer rather than open-market purchases of LPL Financial common stock.