SCHIFTER RICHARD P 4

4 · LPL Financial Holdings Inc. · Filed May 19, 2026

AI-generated summary of this filing

Updated May 19, 2026

LPL Financial (LPLA) Director Richard P. Schifter Receives Stock Award

What Happened

Richard P. Schifter, a director of LPL Financial (LPLA), received two grants on 2026-05-15 totaling 1,060 stock units (712 + 348). Each unit represents the right to receive one share of common stock. Both grants were reported at $0.00 (award/compensation), not open-market purchases or sales.

Key Details

Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (timely filing).
Grants: 712 units (F1) and 348 units (F2); total = 1,060 units; reported acquisition price $0.00; reported monetary value $0.
Vesting/deferral: F1 (712) vests in full on May 20, 2027. F2 (348) is fully vested but the recipient elected to defer receipt. Both are subject to the Non-Employee Director Deferred Compensation Plan (DDCP).
Shares owned after transaction: Not disclosed in the filing excerpt.
Other notes: F3 clarifies the reporting person is co-trustee of certain trusts and remains beneficial owner of securities held by those trusts. The Form 4 was signed on behalf of Mr. Schifter under a Power of Attorney dated Nov 19, 2024.
Transaction code: A = Award/Grant.

Context

These are equity awards (stock units/RSU-like), meaning the director has rights to future shares rather than an immediate market purchase or sale. Because the units are deferred or scheduled to vest later, there is no immediate change in publicly tradable shares from these entries. Such grants are common director compensation and should be viewed as routine disclosure of pay, not a direct market buy/sell signal.

Form 4

Period: 2026-05-15

Director

Transactions

Holdings

Footnotes (3)

[F1]Represents stock units granted under the Issuer's 2021 Omnibus Equity Incentive Plan (the "2021 Plan"). Each stock unit represents the right to receive one share of common stock and is scheduled to vest in full on May 20, 2027. These stock units are subject to a written deferral election under the Issuer's Non-Employee Director Deferred Compensation Plan (the "DDCP") pursuant to which the reporting person elected to defer receipt of the equity portion of the annual retainer under the Issuer's Non-Employee Director Compensation Policy (the "Policy").
[F2]Represents stock units granted under the 2021 Plan. Each stock unit represents the right to receive one share of common stock and is fully vested. These stock units are subject to a written deferral election under the DDCP pursuant to which the reporting person elected to defer receipt of the cash portion of the annual retainer under the Policy.
[F3]The reporting person is a co-trustee of each trust, and the sole beneficiary of each trust is a grandchild of the reporting person. The reporting person remains the beneficial owner of the securities held by such trusts.

Signature

/s/ Robert S. Hatfield III, attorney-in-fact|2026-05-19

1 file