Form 4: LPL Financial Director Richard Schifter Reports Acquisition of 13 Stock Units

Richard P. Schifter, a Director at LPL Financial Holdings Inc., reported the acquisition of 13 common stock units, increasing his total beneficial ownership to over 39,000 shares.

Summary

• Richard P. Schifter, a Director of LPL Financial Holdings Inc. (LPLA), reported a transaction on June 12, 2025.
• The transaction involved the acquisition of 13 common stock units.
• These stock units were granted under the Issuer's 2021 Omnibus Equity Incentive Plan and are fully vested.
• The units were credited to Mr. Schifter's Non-Employee Director Deferred Compensation Plan (DDCP) account, stemming from a quarterly cash dividend paid on common stock.
• Following this transaction, Mr. Schifter directly beneficially owns 39,196.8345 shares of common stock.
• Additionally, Mr. Schifter indirectly beneficially owns 4,840 shares of common stock through 11 separate grandchild trusts (440 shares each), for which he serves as a co-trustee and remains the beneficial owner.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction (acquisition of stock units from a dividend) and does not contain information that would significantly alter the company's outlook or valuation, thus indicating a neutral sentiment.

Positives

• A director's acquisition of additional stock units, even if routine and small, can signal continued alignment of interests with shareholders.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategy.

Industry Context

This filing is a routine disclosure of an insider transaction, common across all publicly traded companies, and does not provide specific insights into broader industry trends within the financial services sector.

Related Party Transactions

• The reporting person indirectly beneficially owns shares held by 11 grandchild trusts, for which he is a co-trustee. This is a standard disclosure for beneficial ownership.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a small, routine transaction for a director's compensation and dividend reinvestment.

Key Dates

Keywords

LPL Financial Holdings Inc., LPLA, SEC Form 4, Insider Transaction, Beneficial Ownership, Director Compensation, Stock Units, Equity Incentive Plan, Dividend Reinvestment