Morningstar Matthew 4

What Happened

• Matthew Morningstar, Group Managing Director at LPL Financial, received a grant of 1,122 restricted stock units (RSUs) on February 25, 2026. The award was reported on a Form 4 filed February 27, 2026. The RSUs were granted at $0.00 (no cash paid) and represent a contingent right to one share each upon vesting.

Key Details

• Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (filed within the standard 2-business-day window).
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 1,122 RSUs; reported acquisition price: $0.00.
• Holdings after grant (per footnote): 578 actual shares of Common Stock and 2,837 RSUs total (1,715 previously granted that vest Dec 9, 2026–2028, plus the 1,122 RSUs in this filing).
• Vesting: The 1,122 RSUs vest ratably on Feb 25 of 2027, 2028 and 2029; vested shares will be issued as soon as practicable after each vesting date (see footnote F1).
• Admin: The Form 4 was signed on behalf of Morningstar under a Power of Attorney dated Nov 22, 2025.

Context

• This filing documents a compensation award (RSUs), not an open-market purchase or sale. RSU grants are common as part of executive compensation and do not necessarily indicate a trading signal. The units convert to shares only as they vest according to the schedule noted above.