Putnam James S 4

What Happened James S. Putnam, a director of LPL Financial Holdings, was credited with 10 stock units on March 24, 2026. The Form 4 reports these as an award/acquisition (code A) at a reported acquisition price of $0. Each stock unit represents the right to receive one share of common stock and the units are fully vested. The units were credited to his account under the Issuer’s Non-Employee Director Deferred Compensation Plan (DDCP) in connection with a quarterly cash dividend.

Key Details

• Transaction date: 2026-03-24; Form 4 filed: 2026-03-26 (filed two days after the transaction, within the typical two-business-day window).
• Amount: 10 stock units; reported acquisition price: $0.
• Shares/units owned after the transaction: not specified in the filing.
• Footnote: Units granted under the 2021 Omnibus Equity Incentive Plan, fully vested; they were credited to Mr. Putnam’s DDCP account as a dividend-equivalent credit. The filing was executed on behalf of James S. Putnam pursuant to a Power of Attorney dated Nov. 21, 2024.

Context These stock units are dividend-equivalent/compensation credits (not an open-market purchase or sale) and are commonly used to compensate non-employee directors or mirror dividend payments. Because they are fully vested and credited to a deferred compensation plan, they do not represent a cash purchase or sale that would directly signal buying or selling sentiment.