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Director at LPL Financial (LPLA) receives 1,060 stock units as awards

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

Rhea-AI Filing Summary

BERNARD EDWARD C reported acquisition or exercise transactions in this Form 4 filing.

LPL Financial Holdings Inc. director Edward C. Bernard reported receiving equity awards in the form of stock units on common stock. On May 15, 2026 he was granted 1,060 stock units under the 2021 Omnibus Equity Incentive Plan, with some units vesting on May 20, 2027 and others already fully vested, all subject to deferral elections under the company’s Non-Employee Director Deferred Compensation Plan.

Positive

  • None.

Negative

  • None.
Insider BERNARD EDWARD C
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 — 15,907 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.
Awarded stock units (grant 1) 348 stock units Grant under 2021 Omnibus Equity Incentive Plan
Awarded stock units (grant 2) 712 stock units Additional grant under 2021 Omnibus Equity Incentive Plan
Total stock units granted 1,060 stock units Combined May 15, 2026 grants to director
Vesting date for one grant May 20, 2027 Scheduled full vesting for one stock unit award
Price per stock unit $0.0000 per unit Non-cash, compensation-related awards
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
"Each stock unit represents the right to receive one share of common stock"
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
"equity portion of the annual retainer under the Issuer's Non-Employee Director Compensation Policy"
fully vested financial
"Each stock unit represents the right to receive one share of common stock and is fully vested."
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*
BERNARD EDWARD C
(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$015,907D
Common Stock05/15/2026A348(2)A$016,255D
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 Edward C. Bernard pursuant to a Power of Attorney dated November 21, 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) report for Edward C. Bernard?

Edward C. Bernard reported receiving 1,060 stock units of LPL Financial common stock as equity awards. These units were granted under the company’s 2021 Omnibus Equity Incentive Plan and are reported as non-cash, compensation-related acquisitions.

How many LPLA stock units were granted in each award to Edward C. Bernard?

Edward C. Bernard received two separate grants: one for 348 stock units and another for 712 stock units. Each stock unit represents the right to receive one share of LPL Financial common stock under the company’s equity plan.

When do Edward C. Bernard’s newly granted LPLA stock units vest?

One grant of stock units to Edward C. Bernard is scheduled to vest in full on May 20, 2027. The other grant is already fully vested, according to the Form 4 footnotes describing the award terms and vesting status.

Under which plans were Edward C. Bernard’s LPLA stock units granted and deferred?

The stock units were granted under LPL’s 2021 Omnibus Equity Incentive Plan and are subject to written deferral elections under the Non-Employee Director Deferred Compensation Plan, relating to the annual retainer under the company’s compensation policy.

Do Edward C. Bernard’s LPLA stock unit grants involve any cash purchase or sale?

No cash purchase or sale is reported. The Form 4 shows both transactions with a $0.0000 price per unit, indicating these are compensation-related stock unit awards rather than open-market buys or sells of LPL Financial shares.