Glavin William Francis Jr 4

What Happened William F. Glavin Jr., a director of LPL Financial Holdings, was credited with 15 stock units on 2026-03-24. The Form 4 reports this as an award/acquisition of 15 shares at $0.00 (total reported value $0). The units are fully vested and represent the right to receive one share of common stock per unit.

Key Details

• Transaction date: 2026-03-24; Form 4 filed: 2026-03-26 (appears timely; Form 4s are generally due within two business days).
• Transaction type: Award/Grant (code A) — 15 stock units acquired at $0.00.
• Reported value: $0 (these are stock units credited, not a cash purchase).
• Ownership after transaction: Not specified in the filing.
• Footnote: Units were granted under the Issuer's 2021 Omnibus Equity Incentive Plan and were credited to Mr. Glavin’s Non-Employee Director Deferred Compensation Plan (DDCP) account in connection with a quarterly cash dividend; the units are fully vested.
• Administrative note: The Form 4 was signed by a representative under a Power of Attorney dated Nov 19, 2024.

Context These were dividend-equivalent stock units credited to a director’s deferred compensation account, not an open-market buy or sale. Such awards are common for non-employee directors and do not, by themselves, indicate a buy/sell trading signal. Each unit converts to one share of common stock when paid out under the plan.