Mnookin Allison 4

What Happened

• Allison Mnookin, a director of LPL Financial Holdings, was granted 712 stock units on May 15, 2026. The units were reported as acquired at $0.00 (no cash paid). Each stock unit represents the right to receive one share of common stock and is scheduled to vest in full on May 20, 2027.
• This was an equity award (not a purchase or sale). The units were granted as part of the Issuer's 2021 Omnibus Equity Incentive Plan and the reporting person elected to defer receipt under the Non-Employee Director Deferred Compensation Plan.

Key Details

• Transaction date: 2026-05-15; Filing date: 2026-05-19 (filed on the Form 4 due date — timely).
• Transaction type/code: A (award/grant); 712 stock units @ $0.00 reported.
• Vesting/settlement: Units convert 1:1 to common shares and vest in full on May 20, 2027.
• Footnote: Units are subject to a written deferral election under the Non-Employee Director Deferred Compensation Plan (reporting person elected to defer the equity portion of the annual retainer).
• Shares owned after transaction: Not specified in this filing.
• Signatory: Filing signed on behalf of Allison Mnookin under a Power of Attorney dated Nov 19, 2024.

Context

• Stock units are a common form of director compensation and represent a future right to receive shares; they do not indicate an immediate cash outlay or sale. The economic value to the holder will depend on LPL’s share price when the units settle. This award should be viewed as routine director compensation rather than an open-market purchase or sale signaling a trading decision.