BERNARD EDWARD C 4

What Happened

• Edward C. Bernard, a non-employee director of LPL Financial Holdings, received two stock-unit awards on May 15, 2026, totaling 1,060 stock units (712 units and 348 units). Each unit represents the right to receive one share of common stock. Both grants were recorded at $0.00 per unit (i.e., awards, not purchases or sales).

Key Details

• Transaction date reported: May 15, 2026; Form 4 filed May 19, 2026.
• Grants: 712 stock units (footnote F1) and 348 stock units (footnote F2) — total 1,060 units.
• Price: $0.00 per unit (award/grant code "A").
• Vesting / deferral: F1 units are scheduled to vest in full on May 20, 2027 and represent the equity portion of the annual retainer deferred under the Non-Employee Director Deferred Compensation Plan (DDCP). F2 units are fully vested but represent the cash portion of the annual retainer that Bernard elected to defer under the DDCP.
• Shares owned after transaction: Not specified in this filing.
• Filing note: Form signed on behalf of Edward C. Bernard under a Power of Attorney dated Nov 21, 2024.
• This is an award/grant (not a market purchase or sale) and therefore does not by itself indicate buying or selling sentiment.

Context

• Stock units are deferred compensation: each unit converts to one share when paid out under the plan, subject to vesting and deferral terms. Because part of the award is deferred (and part already vested but deferred for payout), this is a compensation event rather than an open-market trade.
• For retail investors, grants to directors are routine compensation and should be considered alongside other insider activity and company fundamentals.