LPL Financial (LPLA) Proxy filing summary

Executive summary

• The annual meeting is scheduled for May 14, 2026, with voting rights for shareholders of record as of March 16, 2026.

• Proxy materials are distributed electronically to promote sustainability, with printed copies available upon request.

• Shareholders can vote by internet, phone, mail, or in person, and may revoke proxies at any time before voting.

Voting matters and shareholder proposals

• Election of 11 directors for one-year terms.

• Ratification of Deloitte & Touche LLP as independent auditor for 2026.

• Advisory vote on executive compensation (say-on-pay).

• Amendments to the Charter: eliminate supermajority voting, provide officer exculpation, and remove the corporate opportunities provision.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of 11 directors: 10 independent and the CEO.

• Board diversity: 27.3% female, 27.3% ethnically or racially diverse.

• Annual board and committee evaluations, with a focus on balanced tenure and skills.

• Proxy access allows significant shareholders to nominate directors.

• Board committees (Audit and Risk, Nominating and Governance, Compensation) are composed solely of independent directors.