Form 4: LPL Financial Holdings Inc. Director William Francis Glavin Jr. Reports Changes in Beneficial Ownership

Director William Francis Glavin Jr. reports acquisition of common stock and restricted stock grants from LPL Financial Holdings Inc.

Summary

• William Francis Glavin Jr., a director of LPL Financial Holdings Inc., reported changes in his beneficial ownership of the company's common stock.
• On May 10, 2024, Glavin acquired 699 shares of common stock and 378 shares of common stock.
• The 699 shares represent restricted stock granted under the Issuer's 2021 Omnibus Equity Incentive Plan, vesting fully on May 21, 2025.
• The 378 shares were received in lieu of the cash portion of the annual retainer under the Non-Employee Director Compensation Policy.
• Following these transactions, Glavin directly owns 22,323 shares of common stock and indirectly owns 2,775 shares held by his spouse's trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard regulatory filing reporting changes in beneficial ownership. There is no inherent positive or negative information about the company's performance.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their holdings in the company.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the holdings of a company director.

Key Dates