Field Emily 4
Research Summary
AI-generated summary
LPL Financial (LPLA) Group Managing Director Emily Field Receives RSU Award
What Happened
Emily Field, a Group Managing Director at LPL Financial (LPLA), received a grant of 1,122 restricted stock units (RSUs) on February 25, 2026. The award is reported as an "A" (award/grant) transaction at $0.00 per share (no cash paid). Under the grant terms these RSUs convert to common shares only upon vesting.
Key Details
- Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (timely — Form 4 is generally due within two business days).
- Transaction type/code: A (award/grant). Price: $0.00 (RSUs granted, not purchased).
- Number of RSUs granted: 1,122.
- Shares owned after transaction: Not specified in this filing.
- Footnote F1: The 1,122 RSUs vest ratably on Feb 25, 2027, Feb 25, 2028 and Feb 25, 2029; vested shares will be issued as soon as practicable after each vesting date.
- Footnote F2: References existing RSUs consisting of 817 RSUs vesting ratably on Sept 5 of 2026–2028 plus the RSUs reported here.
- Signatory note: Form signed on behalf of Emily Field under a Power of Attorney dated July 21, 2025.
Context
RSUs are a deferred compensation award that convert into company shares only when they vest; they are not an immediate purchase or sale. Because this is an award (not a purchase), it is a routine compensation event rather than a direct market vote by the insider. No tax-withholding sale or immediate disposition is indicated in this filing.