EBERHART PAULETT 4

What Happened
Paulett Eberhart, a director of LPL Financial Holdings Inc. (LPLA), received a grant of 712 stock units on 2026-05-15. The award was reported as an acquisition at $0.00 per unit (transaction code A). These are restricted stock units (each convertible to one share) rather than an open-market purchase or sale, so the grant is a compensation event rather than a directional market trade.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (filed on time under the 2-business-day rule).
• Award: 712 stock units at $0.00 per unit (reported acquisition value $0). Transaction code: A (award/grant).
• Vesting: Units are scheduled to vest in full on May 20, 2027 (per footnote).
• Deferral: Units were granted under the 2021 Omnibus Equity Incentive Plan and are subject to a written deferral election under the Non-Employee Director Deferred Compensation Plan (Eberhart elected to defer the equity portion of the annual retainer).
• Shares owned after transaction: not disclosed in the provided filing details.
• Administrative note: The Form 4 was signed on behalf of Paulett Eberhart under a Power of Attorney dated November 25, 2024.

Context
Director grants like this are routine compensation for board service and reflect retention/compensation, not an independent buy or sell signal. Because these units are deferred and subject to a vesting schedule, they do not represent immediately tradable shares.