Form 4 for LPLA LPL Financial Holdings Inc.
Accepted 2023-02-28 00:00:00 ET · period of report 2023-02-25 · accession 0001397911-23-000026 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2023-02-28 | 2023-02-25 | LPLA | Arnold Dan H. | Pres, CEO, Dir | A - Grant | $0.00 | +79.5K | 193.3K | +70% | $0 |
| 2023-02-28 | 2023-02-25 | LPLA | Arnold Dan H. | Pres, CEO, Dir | F - Tax | $247.30 | -39.5K | 181.7K | -18% | -$9.77M | |
| M | 2023-02-28 | 2023-02-27 | LPLA | Arnold Dan H. | Pres, CEO, Dir | S - Sale | $246.20 | -38.4K | 192.2K | -17% | -$9.46M |
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 | 2023-02-25 | A | A | 67,888 | $0.00 | 221,200.94 | D | — | — | (F1) Represents shares of Common Stock received upon vesting of performance stock units ("PSUs") that were granted on February 25, 2020. The granted PSUs were eligible to become earned PSUs based on the Issuer's total stockholder return ("TSR") relative to the TSR of a predetermined comparator group over a three-year performance period ending December 31, 2022. Based on the Issuer's TSR relative to this peer group, PSUs were earned at 200% of the reporting person's target award. |
| 2 | Common | Common Stock | 2023-02-25 | F | D | 39,519 | $247.30 | 181,681.94 | D | — | — | |
| 3 | Common | Common Stock | 2023-02-25 | A | A | 11,646 | $0.00 | 193,327.94 | D | — | — | (F2) These shares represent restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock on the applicable vesting date. These restricted stock units will vest ratably on each of February 25, 2024, February 25, 2025, and February 25, 2026. Vested shares will be issued to the reporting person as soon as practicable after the vesting date. |
| 4 | Common | Common Stock | 2023-02-27 | S | D | 2,060 | $247.44 | 154,883.94 | D | — | — | (F7) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $247.24 to $247.79, 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 (7) to this Form 4. (F8) Consists of (i) 130,485.94 shares of Common Stock; (ii) 4,915 restricted stock units that vest in full on February 25, 2024; (iii) 7,837 restricted stock units that vest ratably on each of February 25, 2024 and February 25, 2025; and (iv) the restricted stock units reported on this Form 4. |
| 5 | Common | Common Stock | 2023-02-27 | S | D | 18,908 | $245.70 | 173,259.94 | D | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $245.22 to $246.21, 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 (5) to this Form 4. |
| 6 | Common | Common Stock | 2023-02-27 | S | D | 16,316 | $246.71 | 156,943.94 | D | — | — | (F6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $246.24 to $247.22, 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 (6) to this Form 4. |
| 7 | Common | Common Stock | 2023-02-27 | S | D | 1,160 | $244.82 | 192,167.94 | D | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $244.19 to $245.16, 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. |