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.
Positive
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Insights
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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Footnotes (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. 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.
