Form 4 for LPLA LPL Financial Holdings Inc.
Accepted 2022-02-09 00:00:00 ET · period of report 2022-02-07 · accession 0001397911-22-000007 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-02-09 | 2022-02-07 | LPLA | White George Burton | Managing Dir | S - Sale+OE | $181.18 | -80.4K | 46.6K | -63% | -$14.56M |
| DM | 2022-02-09 | 2022-02-07 | LPLA | White George Burton | Managing Dir | M - OptEx | $29.48 | +80.4K | 111.6K | +257% | +$2.37M |
| DM | 2022-02-09 | 2022-02-07 | LPLA | White George Burton | Managing Dir | M - OptEx | $0.00 | -80.4K | 2,969 | -96% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-02-07 | S | D | 14,184 | $180.12 | 112,812 | D | — | — | (F1) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $179.59 to $180.58, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4. |
| 2 | Common | Common Stock | 2022-02-07 | M | A | 9,448 | $65.50 | 121,056 | D | — | — | |
| 3 | Common | Common Stock | 2022-02-07 | M | A | 5,940 | $77.53 | 126,996 | D | — | — | |
| 4 | Common | Common Stock | 2022-02-07 | M | A | 64,980 | $19.85 | 111,608 | D | — | — | |
| 5 | Common | Common Stock | 2022-02-07 | S | D | 50,735 | $181.14 | 62,077 | D | — | — | (F2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $180.59 to $181.58, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4. |
| 6 | Common | Common Stock | 2022-02-07 | S | D | 10,915 | $182.08 | 51,162 | D | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $181.59 to $182.55, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (3) to this Form 4. |
| 7 | Common | Common Stock | 2022-02-07 | S | D | 4,534 | $182.80 | 46,628 | D | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $182.60 to $183.15, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (4) to this Form 4. (F5) Consists of (i) 41,215 shares of Common Stock; (ii) 988 restricted stock units that vest in full on February 25, 2022; (iii) 1,968 restricted stock units that vest ratably on each of February 25, 2022 and February 25, 2023; and (iv) 2,457 restricted stock units that vest ratably on each of February 25, 2022, February 25, 2023 and February 25, 2024. |
| 8 | Derivative | Option to purchase Common Stock | 2022-02-07 | M | D | 64,980 | $0.00 | 0 | D | $19.85 · — to 2026-02-25 | 64,980 Common Stock | (F6) This option became exercisable in three installments, beginning February 25, 2017, which was the first anniversary of the date on which it was granted. The option became fully vested on February 25, 2019. |
| 9 | Derivative | Option to purchase Common Stock | 2022-02-07 | M | D | 9,448 | $0.00 | 0 | D | $65.50 · — to 2028-02-23 | 9,448 Common Stock | (F7) This option became exercisable in three installments, beginning February 23, 2019, which was the first anniversary of the date on which it was granted. The option became fully vested on February 23, 2021. |
| 10 | Derivative | Option to purchase Common Stock | 2022-02-07 | M | D | 5,940 | $0.00 | 2,969 | D | $77.53 · — to 2029-02-25 | 5,940 Common Stock | (F8) This option became exercisable as to 2,970 shares on each of February 25, 2020 and February 25, 2021, and will become exercisable as to the remaining 2,969 shares on February 25, 2022. |