LPL director awarded 15 stock units
Glavin William Francis Jr reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Glavin William Francis Jr reported acquisition or exercise transactions in this Form 4 filing.
LPL Financial Holdings Inc. director William Francis Glavin Jr reported a routine equity compensation change. He received 15 fully vested stock units of common stock, granted at $0.00 per unit under the company’s 2021 Omnibus Equity Incentive Plan and credited to his Non-Employee Director Deferred Compensation Plan account in connection with a quarterly cash dividend.
Each stock unit represents the right to receive one share of common stock. Following this award, Glavin holds 24,064 shares of common stock directly and 2,775 shares indirectly through his spouse’s trust. The filing shows no open-market purchases or sales, only an award and updated holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 15 shares
Grant/Award
2 txns
Insider
Glavin William Francis Jr
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 24,064 shares (Direct);
Common Stock — 2,775 shares (Indirect, Held by Spouse's Trust)
Footnotes (1)
- 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.
Key Figures
Stock units granted: 15 stock units
Grant price: $0.00 per unit
Direct holdings after award: 24,064 shares
+1 more
4 metrics
Stock units granted
15 stock units
Award under 2021 Omnibus Equity Incentive Plan
Grant price
$0.00 per unit
Stock unit award price
Direct holdings after award
24,064 shares
Common stock directly held after transaction
Indirect holdings after update
2,775 shares
Common stock held via spouse’s trust
Key Terms
2021 Omnibus Equity Incentive Plan, stock units, Non-Employee Director Deferred Compensation Plan, fully vested
4 terms
2021 Omnibus Equity Incentive Plan financial
"Represents stock units granted under the Issuer's 2021 Omnibus Equity Incentive Plan."
stock units financial
"Each stock unit represents the right to receive one share of common stock and is fully vested."
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.
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")"
fully vested financial
"which stock units are fully vested as of the date hereof."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LPLA director William Glavin report on this Form 4?
LPLA director William Francis Glavin Jr reported receiving 15 fully vested stock units of common stock as an equity award. The units were granted at $0.00 per unit under LPL’s 2021 Omnibus Equity Incentive Plan and credited through the Non-Employee Director Deferred Compensation Plan.
Was the LPLA Form 4 for William Glavin a stock purchase or a compensation grant?
The Form 4 reflects a compensation-related grant, not an open-market stock purchase. William Francis Glavin Jr received 15 fully vested stock units at $0.00 per unit under LPL’s 2021 Omnibus Equity Incentive Plan, credited via the Non-Employee Director Deferred Compensation Plan.
What are the stock units reported for William Glavin in the LPLA Form 4?
The stock units are fully vested awards under LPL’s 2021 Omnibus Equity Incentive Plan, where each unit entitles William Francis Glavin Jr to one share of common stock. The 15 units were credited in connection with a quarterly cash dividend into his deferred compensation plan account.
Does this LPLA Form 4 show any open-market buying or selling by William Glavin?
The Form 4 does not show any open-market buys or sells by William Francis Glavin Jr. It reports an award of 15 fully vested stock units at $0.00 per unit and updated direct and indirect share holdings, including shares held through his spouse’s trust.
What role does the Non-Employee Director Deferred Compensation Plan play in this LPLA filing?
The Non-Employee Director Deferred Compensation Plan is where the reported stock units were credited for William Francis Glavin Jr. Previously granted stock units subject to a deferral election, and the new 15-unit award, are fully vested and recorded in his deferred compensation plan account.
AI-generated analysis. How Rhea-AI works. Not financial advice.
