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Director at LPL Financial (NASDAQ: LPLA) receives restricted stock awards

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

Rhea-AI Filing Summary

LPL Financial Holdings Inc. director Anne M. Mulcahy reported receiving grants of common stock as part of her board compensation. She acquired 348 shares of restricted stock granted under the company’s 2021 Omnibus Equity Incentive Plan and 712 additional shares elected in lieu of the cash portion of her annual retainer.

All reported shares are restricted stock awarded under the Non-Employee Director Compensation Policy and carry no purchase price. The 348-share restricted stock grant is scheduled to vest in full on May 20, 2027. After these awards, she directly holds a little over 37,000 shares of LPL Financial common stock.

Positive

  • None.

Negative

  • None.
Insider MULCAHY ANNE M
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 — 37,083 shares (Direct, null)
Footnotes (1)
  1. These shares represent restricted stock that was granted under the Issuer's 2021 Omnibus Equity Incentive Plan (the "2021 Plan") pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy"). This restricted stock is scheduled to vest in full on May 20, 2027. The reporting person elected to receive these shares, which were granted under the 2021 Plan, in lieu of the cash portion of the annual retainer under the Policy.
Restricted stock grant 348 shares Restricted stock scheduled to vest on May 20, 2027
Shares in lieu of cash retainer 712 shares Equity elected instead of cash annual director retainer
Price per granted share $0.0000 per share Compensation grants, not open-market purchases
Direct holdings after awards 37,431 shares Total direct common stock holdings after one reported grant
Vesting date May 20, 2027 Restricted stock vests in full on this date
restricted stock financial
"These shares represent restricted stock that was granted under the Issuer's 2021 Omnibus Equity Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2021 Omnibus Equity Incentive Plan financial
"These shares represent restricted stock that was granted under the Issuer's 2021 Omnibus Equity Incentive Plan"
Non-Employee Director Compensation Policy financial
"pursuant to the Issuer's Non-Employee Director Compensation Policy"
annual retainer financial
"in lieu of the cash portion of the annual retainer under 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*
MULCAHY ANNE M
(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$037,083D
Common Stock05/15/2026A348(2)A$037,431D
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. These shares represent restricted stock that was granted under the Issuer's 2021 Omnibus Equity Incentive Plan (the "2021 Plan") pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy"). This restricted stock is scheduled to vest in full on May 20, 2027.
2. The reporting person elected to receive these shares, which were granted under the 2021 Plan, in lieu of the cash portion of the annual retainer under the Policy.
Remarks:
The signatory is signing on behalf of Anne M. Mulcahy pursuant to a Power of Attorney dated November 19, 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 Anne M. Mulcahy?

LPL Financial reported that director Anne M. Mulcahy received grants of common stock as compensation. She acquired restricted stock and additional shares elected in lieu of cash fees, with no open-market purchase or sale involved in these transactions.

How many LPL Financial (LPLA) shares did Anne M. Mulcahy acquire in this Form 4?

Anne M. Mulcahy acquired 348 shares of restricted stock and 712 additional common shares. Both awards were granted under LPL Financial’s 2021 Omnibus Equity Incentive Plan as part of her non-employee director compensation, rather than through market purchases.

What is the vesting schedule for Anne M. Mulcahy’s new LPL Financial restricted stock?

The 348 restricted shares granted to Anne M. Mulcahy are scheduled to vest in full on May 20, 2027. Until vesting, the shares are subject to restrictions under LPL Financial’s 2021 Omnibus Equity Incentive Plan and related director compensation policy.

Did Anne M. Mulcahy pay cash for the LPL Financial shares reported in this Form 4?

No, she did not pay cash for these shares. The Form 4 shows a price per share of $0.0000 because the stock was granted as compensation under the company’s equity plan and in lieu of part of her cash annual retainer.

Why did Anne M. Mulcahy receive LPL Financial shares in lieu of cash?

Anne M. Mulcahy elected to receive shares granted under the 2021 Omnibus Equity Incentive Plan instead of the cash portion of her annual director retainer. This election is permitted under LPL Financial’s Non-Employee Director Compensation Policy for board members.

How many LPL Financial (LPLA) shares does Anne M. Mulcahy hold after these grants?

After these equity grants, Anne M. Mulcahy directly holds a little over 37,000 shares of LPL Financial common stock. The Form 4 provides updated direct ownership figures following the reported restricted stock and fee-in-lieu share awards.