LPL Financial (LPLA) Director William F. Glavin Jr Receives Award

What Happened
William F. Glavin Jr., a director of LPL Financial Holdings Inc. (LPLA), was granted/credited 10 stock units on August 28, 2026. The reported transaction is an award/acquisition (code A) of 10 units at $0.00 per unit (no cash paid). Each stock unit represents the right to receive one share of common stock and the units reported are fully vested.

Key Details

• Transaction date: 2026-08-28 (reported on Form 4 filed 2026-09-01).
• Price/consideration: $0.00 per unit; total cash paid reported = $0.
• Instrument: 10 stock units under the Issuer's 2021 Omnibus Equity Incentive Plan, credited to the reporting person’s Non-Employee Director Deferred Compensation Plan (DDCP).
• Vesting/status: Units are fully vested.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Units were credited in connection with a quarterly cash dividend on shares; previously granted units subject to a written deferral election were also fully vested.
• Signature: Form signed on behalf of William F. Glavin Jr. under a Power of Attorney dated Nov 19, 2024.
• Timeliness: Form 4 filed Sep 1, 2026 (within the two-business-day reporting window for an Aug 28 transaction).

Context
This was a dividend-equivalent credit to a deferred-compensation account (an award), not an open-market purchase or sale. Such credits are routine for directors who elect to receive dividends as stock units and do not by themselves indicate a change in sentiment about the company.