Director at LPL Financial (NASDAQ: LPLA) awarded dividend-based stock units

Rhea-AI Filing Summary

BERNARD EDWARD C reported acquisition or exercise transactions in this Form 4 filing.

Director Edward C. Bernard received 4 stock units of LPL Financial Holdings Inc. common stock on June 4, 2026. These units were granted at no cash cost under the company’s 2021 Omnibus Equity Incentive Plan and credited to his deferred compensation account as a dividend equivalent. After this award, he holds 16,259 shares/units directly. This is a routine, fully vested equity compensation grant rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BERNARD EDWARD C

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4	$0.00	--

Holdings After Transaction: Common Stock — 16,259 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock units granted: 4 stock units Grant price per unit: $0.00 per unit Holdings after transaction: 16,259 shares/units

3 metrics

Stock units granted 4 stock units Grant dated June 4, 2026 under equity plan

Grant price per unit $0.00 per unit Non-cash stock unit award

Holdings after transaction 16,259 shares/units Direct ownership after June 4, 2026 grant

Key Terms

stock units, 2021 Omnibus Equity Incentive Plan, Non-Employee Director Deferred Compensation Plan, quarterly cash dividend

4 terms

stock units financial

"Represents stock units granted under the Issuer's 2021 Omnibus Equity Incentive Plan."

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.

2021 Omnibus Equity Incentive Plan financial

"Represents stock units granted under the Issuer's 2021 Omnibus Equity Incentive Plan."

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")"

quarterly cash dividend financial

"credited to the reporting person's DDCP account in connection with a quarterly cash dividend that was paid"

A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/08/2026 - 04:05 PM Accepted by SEC EDGAR 06/08/2026 - 04:05 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^*

BERNARD EDWARD C

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

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	06/04/2026		A		4(1)	A	$0	16,259	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. 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.

Remarks:

The signatory is signing on behalf of Edward C. Bernard pursuant to a Power of Attorney dated November 21, 2024.

	/s/ Robert S. Hatfield III, attorney-in-fact	06/08/2026
	** 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 insider transaction did LPL Financial (LPLA) report for Edward C. Bernard?

LPL Financial reported that director Edward C. Bernard acquired 4 stock units of common stock. The units were granted as fully vested equity compensation and credited as a dividend-equivalent to his deferred compensation account, not bought on the open market.

Was the recent LPLA Form 4 transaction an open-market stock purchase?

No, the Form 4 shows a grant of 4 stock units, not an open-market purchase. The units were awarded at $0.00 per unit under equity and deferred compensation plans, functioning as stock-based compensation tied to a quarterly cash dividend.

How many LPL Financial (LPLA) shares does Edward C. Bernard hold after this grant?

Following the reported transaction, Edward C. Bernard holds 16,259 shares/units of LPL Financial common stock directly. The 4 newly granted stock units increased his position slightly as part of ongoing non-employee director compensation arrangements.

What plan was used for the latest LPLA stock unit grant to the director?

The 4 stock units were granted under LPL Financial’s 2021 Omnibus Equity Incentive Plan. They were credited to the director’s account pursuant to the Non-Employee Director Deferred Compensation Plan as fully vested stock-based compensation linked to a quarterly cash dividend.

Why were 4 LPL Financial stock units credited to the director’s deferred compensation account?

The 4 stock units were credited in connection with a quarterly cash dividend paid on LPL Financial common shares. Under the deferred compensation plan, dividend-equivalent stock units are added to the director’s account instead of receiving that dividend in cash.