Form 4: LPL Financial Holdings Inc. Director William Francis Glavin Jr. Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director William Francis Glavin Jr. reports acquisition of 16 common stock units due to dividend payment and updates holdings in spouse's trust.
Summary
- On March 26, 2024, William Francis Glavin Jr., a director of LPL Financial Holdings Inc., reported changes in his beneficial ownership of the company's common stock.
- He acquired 16 shares of common stock due to a quarterly cash dividend paid on shares of common stock, credited to his Non-Employee Director Deferred Compensation Plan (DDCP) account.
- He directly owns 21,246 shares of common stock.
- He indirectly owns 2,775 shares of common stock held by his spouse's trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports changes in stock ownership.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of company directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| May 16, 2017 | Date of Power of Attorney granted to Gregory M. Woods. |
| March 26, 2024 | Date of transaction: acquisition of common stock due to dividend payment. |
| March 28, 2024 | Date of signature of the report. |
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