LPL Financial Insider Report: 817 Restricted Stock Units to Officer

Rhea-AI Filing Summary

Emily Field, Group Managing Director at LPL Financial Holdings Inc. (LPLA), was granted 817 restricted stock units on 09/05/2025. Each unit converts to one share of common stock at vesting and the grant price is $0. The RSUs vest ratably on September 5 of 2026, 2027 and 2028, and vested shares will be issued as soon as practicable after each vesting date. The Form 4 was signed on behalf of Ms. Field by an attorney-in-fact under a power of attorney dated July 21, 2025.

Insights

Corporate Governance Expert

TL;DR: This filing shows a routine, time‑based equity grant to an officer with standard multi‑year vesting.

The grant of 817 restricted stock units is presented as non‑derivative compensation, with vesting spread evenly over three years. From a governance perspective, time‑based RSUs are a common mechanism to align executive incentives with shareholder interests and to promote retention. The filing includes a power of attorney signature, indicating administrative handling rather than a direct signature by the reporting person.

Compensation Analyst

TL;DR: A modest equity award with $0 purchase price that vests ratably over three years; appears routine and non‑material.

The 817 RSUs represent a contingent right to receive common shares at vesting, with no immediate cash outlay by the officer. The vesting schedule (annual ratable vesting over 2026–2028) is straightforward and suggests retention intent. The filing does not disclose additional compensation metrics or relative grant size versus total outstanding shares, limiting assessment of materiality.

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

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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^*

Field Emily

(Last) (First) (Middle)

C/O LPL FINANCIAL HOLDINGS INC.

4707 EXECUTIVE DRIVE

(Street)

SAN DIEGO CA 92121

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LPL Financial Holdings Inc. [ LPLA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	09/05/2025		A		817(1)	A	$0	817	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. These shares represent restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Common Stock on the applicable vesting date. These restricted stock units will vest ratably on each of September 5, 2026, September 5, 2027 and September 5, 2028. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.

Remarks:

The signatory is signing on behalf of Emily Field pursuant to a Power of Attorney dated July 21, 2025.

	/s/ Robert S. Hatfield III, attorney-in-fact	09/09/2025
	** 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.

FAQ

What transaction did Emily Field report on Form 4 for LPLA?

The Form 4 reports an acquisition of 817 restricted stock units on 09/05/2025 (transaction code A) for $0.

When do the restricted stock units granted to Emily Field vest?

The RSUs vest ratably on September 5, 2026, September 5, 2027 and September 5, 2028, with shares issued as soon as practicable after each vesting date.

How many shares will Emily Field beneficially own after the reported transaction?

The report shows 817 shares beneficially owned following the transaction.

Was the Form 4 signed directly by Emily Field?

The signature on the Form 4 is by Robert S. Hatfield III as attorney‑in‑fact, dated 09/09/2025, under a power of attorney dated July 21, 2025.

Does the filing indicate any sale or disposition of shares by Emily Field?

No. The filing shows an acquisition of RSUs (transaction code A) and does not report any dispositions.