Director at LPL Financial (LPLA) receives deferred stock unit awards
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.
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Insider Trade Summary
Net Buyer: 1,060 shares
Net Buy
2 txns
Insider
Thomas Corey E.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 712 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 348 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 14,901 shares (Direct)
Footnotes (2)
- F1. 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").
- F2. 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.
Key Figures
Stock units granted: 348 stock units
Additional stock units granted: 712 stock units
Post-transaction holdings example: 14,901 shares
+2 more
5 metrics
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
Key Terms
2021 Omnibus Equity Incentive Plan, stock units, Non-Employee Director Deferred Compensation Plan, annual retainer
4 terms
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")."
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.