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Director William Glavin Jr gets 712 restricted LPL Financial (LPLA) shares under equity plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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 an equity compensation grant of common stock. He received 712 shares of restricted stock under the company’s 2021 Omnibus Equity Incentive Plan pursuant to its Non-Employee Director Compensation Policy. This restricted stock is scheduled to vest in full on May 20, 2027. After this award, Glavin directly holds 24,049 shares of common stock and indirectly holds 2,775 shares through his spouse’s trust.

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Insights

Director received routine restricted stock grant with multi-year vesting.

Director William Francis Glavin Jr acquired 712 shares of restricted common stock as a grant under LPL Financial’s 2021 Omnibus Equity Incentive Plan and its Non-Employee Director Compensation Policy. The shares were issued at a stated price of $0.0000, reflecting non-cash compensation.

The restricted stock is scheduled to vest in full on May 20, 2027, creating a multi-year incentive for continued board service and alignment with shareholders. Following the grant, he holds 24,049 shares directly and 2,775 shares indirectly via a spouse’s trust, indicating that this is a modest, routine award rather than a large market transaction.

Insider Glavin William Francis Jr
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 712 $0.00 $0.00
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 24,049 shares (Direct); Common Stock — 2,775 shares (Indirect, Held by Spouse's Trust)
Footnotes (1)
  1. F1. These shares represent restricted stock that was granted under the Issuer's 2021 Omnibus Equity Incentive Plan pursuant to the Issuer's Non-Employee Director Compensation Policy. This restricted stock is scheduled to vest in full on May 20, 2027.
Restricted stock grant 712 shares Grant/award acquisition of common stock
Grant price $0.0000 per share Reported transaction price for restricted stock
Direct holdings after grant 24,049 shares Common stock directly owned post-transaction
Indirect holdings 2,775 shares Common stock held via spouse's trust
Vesting date May 20, 2027 Restricted stock scheduled to vest in full
restricted stock financial
"These shares represent restricted stock that was granted under the Issuer's 2021 Omnibus Equity Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2021 Omnibus Equity Incentive Plan financial
"granted under the Issuer's 2021 Omnibus Equity Incentive Plan pursuant to the Issuer's Non-Employee Director Compensation Policy"
Non-Employee Director Compensation Policy financial
"pursuant to the Issuer's Non-Employee Director Compensation Policy"
indirect ownership financial
"nature_of_ownership: Held by Spouse's Trust"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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

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FAQ

What did LPL Financial (LPLA) director William Glavin Jr receive in this Form 4 filing?
Director William Francis Glavin Jr received a grant of 712 shares of LPL Financial common stock as restricted stock. The award was issued under the 2021 Omnibus Equity Incentive Plan and the company’s Non-Employee Director Compensation Policy as equity-based compensation.

When do the newly granted LPLA restricted shares to William Glavin Jr vest?
The 712 restricted shares granted to William Francis Glavin Jr are scheduled to vest in full on May 20, 2027. Vesting means the restrictions lapse on that date, and he will then own the shares outright, assuming he continues to meet plan conditions.

How many LPL Financial (LPLA) shares does William Glavin Jr hold after this transaction?
After the reported grant, William Francis Glavin Jr holds 24,049 shares of LPL Financial common stock directly. He also has 2,775 shares reported as held indirectly through his spouse’s trust, reflecting both personal and related-party holdings.

Is the LPLA Form 4 for William Glavin Jr a market purchase or sale?
The Form 4 shows a grant/award acquisition of 712 restricted shares, not a market purchase or sale. The transaction code is “A,” indicating an equity award under a compensation plan, with no open-market buying or selling activity disclosed.

Under what plan was the restricted stock granted to LPLA director William Glavin Jr?
The 712 restricted shares were granted under LPL Financial’s 2021 Omnibus Equity Incentive Plan. The filing states the grant was made pursuant to the company’s Non-Employee Director Compensation Policy, which governs equity awards for outside directors.
SEC Form 4
FORM 4UNITED 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*
Glavin William Francis Jr
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/15/2026A712(1)A$024,049D
Common Stock2,775IHeld by Spouse's Trust
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. These shares represent restricted stock that was granted under the Issuer's 2021 Omnibus Equity Incentive Plan pursuant to the Issuer's Non-Employee Director Compensation Policy. This restricted stock is scheduled to vest in full on May 20, 2027.
Remarks:
The signatory is signing on behalf of William F. Glavin, Jr. pursuant to a Power of Attorney dated November 19, 2024.
/s/ Robert S. Hatfield III, attorney-in-fact05/19/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR