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

What Happened Richard P. Schifter, a director of LPL Financial Holdings, was credited with 19 stock units on 2026-06-04. The units are fully vested, represent the right to receive one share each (so equivalent to 19 shares), and were recorded at $0.00 cash paid (an award/credit, not a purchase). The units were credited to his account under the Issuer’s Non-Employee Director Deferred Compensation Plan (DDCP) in connection with a quarterly cash dividend.

Key Details

• Transaction date: 2026-06-04; Form 4 filed: 2026-06-08 (appears timely).
• Transaction type/code: Award/Grant (A); 19 stock units; reported acquisition price $0.00.
• Share ownership after the transaction: not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Units granted under the 2021 Omnibus Equity Incentive Plan, fully vested, credited to his DDCP account tied to a quarterly dividend.
  • F2: Reporting person is co-trustee of certain trusts; a grandchild is the sole beneficiary, and the reporting person remains beneficial owner of securities held by those trusts.
• Signature/filing note: Form signed on behalf of Richard P. Schifter under a Power of Attorney dated Nov. 19, 2024.

Context These units are dividend-related, fully vested stock-unit credits to a deferred-comp account — an administrative award rather than an open-market purchase or sale. Such credits typically reflect dividend deferral or director compensation mechanics and do not by themselves indicate trading sentiment.