LPL Financial Holdings Inc.

NOTE 12 -SHARE-BASED COMPENSATION

In May 2021, the Company adopted its 2021 Omnibus Equity Incentive Plan (the “2021 Plan”), which provides for the granting of stock options, warrants, restricted stock awards, restricted stock units, deferred stock units, performance stock units and other equity-based compensation to the Company’s employees, non-employee directors and other service providers. The 2021 Plan serves as the successor to the Company’s 2010 Omnibus Equity Incentive Plan (the “2010 Plan”). Following the adoption of the 2021 Plan, the Company is no longer making grants under the 2010 Plan, and the 2021 Plan is the only plan under which equity awards are granted. However, awards previously granted under the 2010 Plan will remain outstanding until vested, exercised or forfeited, as applicable.

There were 17,754,197 shares authorized for grant under the 2021 Plan and 10,706,966 shares remaining available for future issuance at June 30, 2026.

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LPL FINANCIAL HOLDINGS INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial Statements (Unaudited)

Restricted Stock and Stock Units

The following summarizes the Company’s activity in its restricted stock awards and stock units, which include restricted stock units, deferred stock units and performance stock units, as of and for the six months ended June 30, 2026:

(1) Includes 103,067 vested and undistributed deferred stock units.

The Company grants restricted stock awards and deferred stock units to its directors and restricted stock units and performance stock units to its employees and officers. Restricted stock awards and stock units must vest or are subject to forfeiture; however, restricted stock awards are included in shares outstanding upon grant and have the same dividend and voting rights as the Company’s common stock. The Company recognized $19.9 million and $16.8 million of share-based compensation expense related to the vesting of these restricted stock awards and stock units during the three months ended June 30, 2026 and 2025, respectively, and $39.3 million and $32.6 million during the six months ended June 30, 2026 and 2025, respectively. As of June 30, 2026, total unrecognized compensation cost for restricted stock awards and stock units was $145.7 million, which is expected to be recognized over a weighted-average remaining period of 2.2 years.

The Company also grants restricted stock units to its advisors and to institutions. The Company recognized share-based compensation expense of $0.9 million and $0.8 million related to the vesting of these awards during the three months ended June 30, 2026 and 2025, respectively, and $1.7 million during both the six months ended June 30, 2026 and 2025. As of June 30, 2026, total unrecognized compensation cost for restricted stock units granted to advisors and institutions was $8.7 million, which is expected to be recognized over a weighted-average remaining period of 1.6 years.