Khanna Somesh 4

What Happened
Somesh Khanna, a director of LPL Financial Holdings, was granted 139 stock units on February 2, 2026. The Form 4 reports an acquisition price of $0 because these are stock units (each representing the right to one share) awarded under the Issuer's 2021 Omnibus Equity Incentive Plan. The units are scheduled to vest in full on May 13, 2026 and the reporting person elected to defer receipt of the equity portion of the annual director retainer.

Key Details

• Transaction date: 2026-02-02; Filing date: 2026-02-04 (appears timely under Form 4 rules).
• Grant: 139 stock units; reported acquisition price $0.
• Vesting: Scheduled to vest in full on May 13, 2026.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Units granted under the 2021 Omnibus Equity Incentive Plan and subject to a written deferral election under the Non-Employee Director Deferred Compensation Plan.
• Administrative: Form signed on behalf of Somesh Khanna pursuant to a Power of Attorney dated Jan 9, 2026.

Context
This is an equity award (common director compensation) rather than an open-market purchase or sale. Awards and deferred retainer elections are routine for non-employee directors and do not by themselves indicate a change in insider sentiment about the company. The units will convert to shares only if and when they vest and are distributed according to the deferral election.