LPL Financial Holdings Inc. Director Richard P. Schifter Receives 14 Dividend-Equivalent Stock Units
LPL Financial Holdings Inc.
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Filing Summary
📊 Form 4 Filing: LPL Financial Holdings Inc. ($LPLA) Insider: SCHIFTER RICHARD P (Director) Type: Grant / Award (Dividend Equivalent) Shares: 14 @ $0.00 Total Value: $0.00 Direct Holdings After: 39,191.57 shares Significance: Low
Comprehensive Analysis
Insider Transaction Summary
- Company: LPL Financial Holdings Inc. ($LPLA)
- Insider: Richard P. Schifter (Director)
- Transaction Date: August 28, 2026
- Filing Date: September 1, 2026
- Transaction Type: Acquisition (Code A) – Dividend equivalent stock units
- Shares Acquired: 14 shares at $0.00 per share
- Post-Transaction Direct Beneficial Ownership: 39,191.5716 shares
- Indirect Holdings: 4,840 shares held across 11 grandchild trusts (440 shares each)
Analysis
The transaction reflects 14 fully vested stock units credited to Mr. Schifter's account under the Non-Employee Director Deferred Compensation Plan (DDCP) in connection with a quarterly cash dividend paid on common stock. Because this is an automatic dividend reinvestment/credit rather than an open-market transaction, it carries low trading significance.
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