LPL director granted dividend stock units
LPL Financial Holdings Inc. director Richard P. Schifter reported a small compensation-related equity change.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
LPL Financial Holdings Inc. director Richard P. Schifter reported a small compensation-related equity change. He acquired 19 fully vested stock units of common stock under the 2021 Omnibus Equity Incentive Plan, credited to his Non-Employee Director Deferred Compensation Plan account as dividend equivalents, bringing his direct holdings to 39,177.5716 shares. He also reports indirect beneficial ownership as co-trustee of 11 separate grandchildren's trusts, each holding 440 common shares.
Insider Trade Summary
Grant/Award: 19 shares
Grant/Award
12 txns
Insider
SCHIFTER RICHARD P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 39,177.5716 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: 19 stock units
Direct holdings after transaction: 39,177.5716 shares
Shares per grandchild trust: 440 shares
+1 more
4 metrics
Stock units granted
19 stock units
Fully vested units credited as dividend equivalents
Direct holdings after transaction
39,177.5716 shares
Common stock held directly by Richard P. Schifter
Shares per grandchild trust
440 shares
Common stock in each of 11 grandchildren's trusts
Number of grandchildren's trusts
11 trusts
Each with Schifter as co-trustee and a grandchild beneficiary
Key Terms
2021 Omnibus Equity Incentive Plan, Non-Employee Director Deferred Compensation Plan, stock units, beneficial owner
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 (the "DDCP")"
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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did LPL Financial (LPLA) director Richard P. Schifter report in this Form 4?
Richard P. Schifter reported acquiring 19 fully vested stock units of LPL Financial common stock. These units were credited as dividend equivalents under company plans, modestly increasing his direct equity exposure while also detailing indirect holdings through grandchildren's trusts.
What is the nature of the 19 stock units reported by LPL Financial (LPLA) director Schifter?
The 19 stock units are fully vested awards granted under LPL’s 2021 Omnibus Equity Incentive Plan. Each unit represents one share of common stock and was credited to Schifter’s deferred compensation plan account as a quarterly cash dividend equivalent on existing common share holdings.
What indirect LPL Financial (LPLA) holdings does Richard P. Schifter report?
Schifter reports indirect beneficial ownership as co-trustee of 11 separate grandchildren's trusts, each holding 440 LPL Financial common shares. He remains the beneficial owner of the securities in these trusts, according to the filing’s footnote, while each trust has a single grandchild as beneficiary.
Does this LPL Financial (LPLA) Form 4 show any open-market stock purchases or sales?
The Form 4 does not show any open-market purchases or sales by Richard P. Schifter. It records a grant of 19 fully vested stock units as dividend equivalents and multiple entries reflecting indirect holdings in grandchildren's trusts, without reported buy or sell transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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