LPL Financial (NASDAQ: LPLA) director gets 10 fully vested stock units

Rhea-AI Filing Summary

LPL Financial Holdings Inc. director James S. Putnam reported an acquisition of 10 common stock units on a grant or award basis. These stock units were credited under the company’s 2021 Omnibus Equity Incentive Plan and are fully vested.

The stock units, each representing one share of common stock, were added to Putnam’s Non-Employee Director Deferred Compensation Plan account in connection with a quarterly cash dividend paid on common shares. Following this award, he holds 137,290.5 shares of common stock directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Putnam James S

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	10	$0.00	--

Holdings After Transaction: Common Stock — 137,290.5 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock units granted: 10 stock units Shares following transaction: 137,290.5 shares Price per share: $0.0000 per share +1 more

4 metrics

Stock units granted 10 stock units Grant/award on 2026-06-04 under equity plan

Shares following transaction 137,290.5 shares Common stock directly held after award

Price per share $0.0000 per share Indicates non-cash grant/award acquisition

Transaction code A Grant, award, or other acquisition of common stock

Key Terms

2021 Omnibus Equity Incentive Plan, Non-Employee Director Deferred Compensation Plan, stock units, quarterly cash dividend

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.

quarterly cash dividend financial

"credited to the reporting person's DDCP account in connection with a quarterly cash dividend"

A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

Putnam James S

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/04/2026		A		10(1)	A	$0	137,290.5	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

Remarks:

The signatory is signing on behalf of James S. Putnam pursuant to a Power of Attorney dated November 21, 2024.

	/s/ Robert S. Hatfield III, attorney-in-fact	06/08/2026
	** Signature of Reporting Person	Date
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)

FAQ

What did LPLA director James S. Putnam report in this Form 4 filing?

James S. Putnam reported receiving 10 fully vested stock units of LPL Financial common stock. The units were granted as a non-cash award tied to a quarterly cash dividend and credited to his deferred compensation plan account.

How many LPL Financial shares does James S. Putnam hold after this grant?

After this transaction, James S. Putnam holds 137,290.5 shares of LPL Financial common stock directly. This figure includes the newly credited stock units, each representing the right to receive one share of common stock.

What plan governed the stock units granted to LPLA director James S. Putnam?

The stock units were granted under LPL Financial’s 2021 Omnibus Equity Incentive Plan. They were also administered through the Non-Employee Director Deferred Compensation Plan, where the units are credited to the director’s account as fully vested awards.

Were the LPLA stock units granted to James S. Putnam fully vested?

Yes, the stock units granted to James S. Putnam are fully vested. The filing notes that both the newly credited units and previously granted deferred units under the Non-Employee Director Deferred Compensation Plan are fully vested as of the transaction date.

Why were additional LPLA stock units credited to James S. Putnam’s account?

Additional stock units were credited in connection with a quarterly cash dividend paid on LPL Financial common stock. Instead of receiving the dividend in cash, equivalent value was credited as stock units to his deferred compensation plan account.