Thomas Corey E. 4
4 · LPL Financial Holdings Inc. · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
LPL Financial (LPLA) Director Corey E. Thomas Receives 7-Share Award
What Happened
Corey E. Thomas, a director of LPL Financial Holdings Inc., was credited with 7 stock units on 2026-03-24. The Form 4 reports these as an acquisition/award (A) at $0.00. The units were granted under the issuer’s 2021 Omnibus Equity Incentive Plan, are fully vested, and were credited to his Non-Employee Director Deferred Compensation Plan (DDCP) account in connection with a quarterly cash dividend.
Key Details
- Transaction date: 2026-03-24; filing date: 2026-03-26 (timely within Form 4 rules).
- Transaction: Award/acquisition of 7 stock units at $0.00 reported value.
- Shares owned after transaction: not disclosed in the filing.
- Footnote: Each stock unit represents the right to receive one share and the units were fully vested; these units were credited to a DDCP account as the result of a dividend credit (Footnote F1).
- Administrative note: The Form 4 was signed by a designee under a Power of Attorney dated Nov 25, 2024.
Context
These stock units are a non-cash award tied to dividend credits and deferred compensation — an administrative/compensation entry rather than a market purchase or sale. Such dividend-credited units do not necessarily indicate insider buying or selling sentiment; they reflect plan mechanics (conversion of dividends into deferred stock units).
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-24+7→ 13,841 total
Footnotes (1)
- [F1]Represents stock units granted under the Issuer's 2021 Omnibus Equity Incentive Plan. Each stock unit represents the right to receive one share of common stock and is fully vested. The reporting person was previously granted stock units that were subject to a written deferral election under the Issuer's Non-Employee Director Deferred Compensation Plan (the "DDCP"), which stock units are fully vested as of the date hereof. The stock units reported hereby were credited to the reporting person's DDCP account in connection with a quarterly cash dividend that was paid on shares of common stock.