LPL Financial (LPLA) Director Richard Schifter Receives 14-Share Award

What Happened
Richard P. Schifter, a director of LPL Financial Holdings, was credited with 14 stock units on August 28, 2026. The units were reported as acquired at $0.00 (total reported value $0). Each stock unit represents the right to receive one share of common stock and the units are fully vested; they were credited to Schifter’s Non-Employee Director Deferred Compensation Plan (DDCP) account in connection with a quarterly cash dividend.

Key Details

• Transaction date: 2026-08-28; Form 4 filed 2026-09-01.
• Transaction type/code: Award/Grant (A); 14 shares at $0.00 (acquired).
• Total reported value: $0 (units credited, no cash exchanged).
• Plan: 2021 Omnibus Equity Incentive Plan; units are fully vested.
• Reason: Units were credited to the reporting person’s DDCP account in connection with a quarterly dividend.
• Ownership after transaction: Not specified in the filing.
• Additional notes: Reporting person is co-trustee of certain trusts and remains beneficial owner of securities held by those trusts (footnote). The Form 4 was signed on behalf of Mr. Schifter under a Power of Attorney dated Nov 19, 2024.

Context
These are director compensation stock units tied to dividends and are not a buy or sell in the market. Because the units are fully vested and were merely credited to a deferred-comp account, this filing reflects routine compensation rather than a purchase signal; it does not involve immediate sale or cashless exercise.