LPL Financial (LPLA) director granted 19 stock units, updates trust holdings

Rhea-AI Filing Summary

SCHIFTER RICHARD P reported acquisition or exercise transactions in this Form 4 filing.

LPL Financial Holdings Inc. director Richard P. Schifter reported receiving an award of 19 fully vested stock units of common stock on March 24, 2026. The units were granted under LPL’s 2021 Omnibus Equity Incentive Plan and were credited to his deferred compensation plan account in connection with a quarterly cash dividend on the stock.

Each stock unit represents the right to receive one share of common stock, and Schifter’s direct holdings after the grant total 38,098.5716 shares. He also reports indirect beneficial ownership as co-trustee of 11 separate grandchildren’s trusts, with each trust holding 440 shares of common stock.

Insights

Equity compensation analyst

Routine director stock unit grant with additional trust holdings disclosed.

Director Richard P. Schifter received 19 fully vested stock units of LPL Financial common stock, credited under the 2021 Omnibus Equity Incentive Plan to his deferred compensation plan in connection with a quarterly cash dividend. This is a standard non-cash, compensation-related equity award.

The filing also details indirect holdings where Schifter serves as co-trustee for 11 grandchildren’s trusts, each holding 440 shares, and confirms he remains the beneficial owner of those securities. There are no open-market purchases or sales reported in this Form 4, so it primarily updates ownership records rather than signaling a change in trading behavior.

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^*

SCHIFTER RICHARD P

(Last) (First) (Middle)

C/O TPG

301 COMMERCE STREET, SUITE 3300

(Street)

FORT WORTH TEXAS 76102

(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)
03/24/2026

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	03/24/2026		A		19(1)	A	$0	38,098.5716	D
Common Stock								440	I	By Co-Trustee of Grandchild's Trust #1(2)
Common Stock								440	I	By Co-Trustee of Grandchild's Trust #2(2)
Common Stock								440	I	By Co-Trustee of Grandchild's Trust #3(2)
Common Stock								440	I	By Co-Trustee of Grandchild's Trust #4(2)
Common Stock								440	I	By Co-Trustee of Grandchild's Trust #5(2)
Common Stock								440	I	By Co-Trustee of Grandchild's Trust #6(2)
Common Stock								440	I	By Co-Trustee of Grandchild's Trust #7(2)
Common Stock								440	I	By Co-Trustee of Grandchild's Trust #8(2)
Common Stock								440	I	By Co-Trustee of Grandchild's Trust #9(2)
Common Stock								440	I	By Co-Trustee of Grandchild's Trust #10(2)
Common Stock								440	I	By Co-Trustee of Grandchild's Trust #11(2)

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.

2. The reporting person is a co-trustee of each trust, and the sole beneficiary of each trust is a grandchild of the reporting person. The reporting person remains the beneficial owner of the securities held by such trusts.

Remarks:

The signatory is signing on behalf of Richard P. Schifter pursuant to a Power of Attorney dated November 19, 2024.

	/s/ Robert S. Hatfield III, attorney-in-fact	03/26/2026
	** 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 Richard P. Schifter report in this Form 4?

He reported an acquisition of 19 fully vested stock units of LPL Financial common stock. The units were granted under the 2021 Omnibus Equity Incentive Plan and credited to his deferred compensation account in connection with a quarterly cash dividend.

Were any LPLA shares bought or sold in the market in this Form 4?

No open-market purchases or sales were reported. The filing shows a compensation-related grant of 19 stock units and updated ownership totals, rather than discretionary buying or selling activity in LPL Financial common stock.

How many LPLA shares does Richard P. Schifter hold directly after this transaction?

Following the grant, Richard P. Schifter directly holds 38,098.5716 shares of LPL Financial common stock. These holdings reflect his position after the 19 fully vested stock units were credited to his deferred compensation plan account.

What is the nature of the 19 LPLA stock units granted to Schifter?

The 19 stock units are fully vested awards under LPL’s 2021 Omnibus Equity Incentive Plan. Each unit represents the right to receive one share of common stock and was credited in connection with a quarterly cash dividend to his deferred compensation plan account.

What indirect LPLA holdings are reported through grandchildren’s trusts?

Schifter is co-trustee of 11 separate grandchildren’s trusts, each holding 440 shares of LPL Financial common stock. The filing states he remains the beneficial owner of the securities held by these trusts, in addition to his direct holdings.

Does this LPLA Form 4 mention any stock option exercises or derivatives?

No derivative securities or stock option exercises are reported. The Form 4 only covers non-derivative common stock, including the 19 stock units credited and the direct and indirect share holdings summarized as of the transaction date.