LPL’s Morningstar granted 1,122 restricted stock units

Morningstar Matthew reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Morningstar Matthew reported acquisition or exercise transactions in this Form 4 filing.

LPL Financial Holdings Inc. Group Managing Director Matthew Morningstar reported an equity award of 1,122 shares of Common Stock in the form of restricted stock units. The grant carried a price of $0.00 per share, indicating a compensation award rather than an open-market purchase.

The restricted stock units vest ratably on each of February 25, 2027, February 25, 2028 and February 25, 2029, with vested shares to be issued to him after each vesting date. Following this grant, he holds a total of 3,415 shares and restricted stock units, including previously granted awards.

Insider Trade Summary

Grant/Award: 1,122 shares

Grant/Award 1 txn

Insider Morningstar Matthew

Role Group Managing Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,122	$0.00	$0.00

Holdings After Transaction: Common Stock — 3,415 shares (Direct)

Footnotes (2)

1. F1. 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 February 25, 2027, February 25, 2028 and February 25, 2029. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
2. F2. Consists of (i) 578 shares of Common Stock; (ii) 1,715 restricted stock units that vest ratably on each of December 9, 2026, December 9, 2027 and December 9, 2028; and (iii) the restricted stock units reported on this Form 4.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did LPL Financial (LPLA) report for Matthew Morningstar?

Matthew Morningstar received a grant of 1,122 restricted stock units. The award represents contingent rights to Common Stock as part of his compensation, rather than a market purchase. Shares will be delivered only as the units vest over future dates.

How do Matthew Morningstar’s new restricted stock units at LPL Financial (LPLA) vest?

The 1,122 restricted stock units vest in three equal annual installments. They vest ratably on February 25, 2027, February 25, 2028, and February 25, 2029, with actual shares of Common Stock issued to him shortly after each vesting date.

What is Matthew Morningstar’s total reported LPL Financial (LPLA) equity after this Form 4?

After the grant, Morningstar reports beneficial ownership of 3,415 units and shares. This consists of 578 shares of Common Stock, 1,715 previously granted restricted stock units vesting December 2026–2028, and the newly granted 1,122 restricted stock units.

Did Matthew Morningstar buy LPL Financial (LPLA) shares on the open market?

No, the Form 4 shows a compensation-related award, not a market purchase. The transaction code is “A” for a grant or award, with a reported price of $0.00 per share, reflecting equity compensation rather than a purchase for cash.

What role does Matthew Morningstar hold at LPL Financial (LPLA)?

Matthew Morningstar is reported as a Group Managing Director of LPL Financial. His Form 4 filing reflects equity compensation aligned with this executive role, including restricted stock units that vest over multiple years as part of his long-term incentive package.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/27/2026 - 05:13 PM Learn about SEC filing dates

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^*

Morningstar Matthew

(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)
02/25/2026

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	02/25/2026		A		1,122(1)	A	$0	3,415(2)	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 February 25, 2027, February 25, 2028 and February 25, 2029. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.

2. Consists of (i) 578 shares of Common Stock; (ii) 1,715 restricted stock units that vest ratably on each of December 9, 2026, December 9, 2027 and December 9, 2028; and (iii) the restricted stock units reported on this Form 4.

Remarks:

The signatory is signing on behalf of Matthew Morningstar pursuant to a Power of Attorney dated November 22, 2025.

	/s/ Robert S. Hatfield III, attorney-in-fact	02/27/2026
	** 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.