Thomas Corey E. 4
4 · LPL Financial Holdings Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
LPL Financial (LPLA) Director Corey E. Thomas Receives Award
What Happened Corey E. Thomas, a non-employee director of LPL Financial Holdings, received two grants of stock units on May 15, 2026 totaling 1,060 units (712 units and 348 units). Each stock unit represents the right to receive one share of LPL common stock; both grants were recorded at $0.00 (award code A) as director compensation and are subject to deferral elections.
Key Details
- Transaction date: 2026-05-15; Grants: 712 units @ $0.00 (F1) and 348 units @ $0.00 (F2).
- Filing date / Reported: Form 4 filed 2026-05-19 (filed within the SEC two-business-day window).
- Shares owned after transaction: Not disclosed in the provided excerpt.
- Footnotes:
- F1: 712 stock units granted under the 2021 Omnibus Equity Incentive Plan; each unit vests in full on May 20, 2027 and was deferred under the Non-Employee Director Deferred Compensation Plan (DDCP) for the equity portion of the annual retainer.
- F2: 348 stock units granted under the 2021 Plan; these units are fully vested but the reporting person elected to defer receipt under the DDCP for the cash portion of the annual retainer.
- Signature: Filing submitted on behalf of Corey E. Thomas pursuant to a Power of Attorney dated Nov. 25, 2024.
Context These awards are routine non-employee director compensation (stock units that convert to shares per plan terms and/or are paid out later under a deferral plan). Because these were granted as deferred compensation rather than open-market purchases or sales, they should be viewed as board pay rather than a direct trading signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-15+712→ 14,553 total - Award
Common Stock
[F2]2026-05-15+348→ 14,901 total
Footnotes (2)
- [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.