4//SEC Filing
Kalbaugh John Andrew 4
Accession 0001397911-21-000037
CIK 0001397911other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 5:29 PM ET
Size
13.8 KB
Accession
0001397911-21-000037
Insider Transaction Report
Form 4
Kalbaugh John Andrew
MD, Institution Services
Transactions
- Exercise/Conversion
Common Stock
2021-02-23$65.50/sh+8,745$572,798→ 36,229 total - Award
Common Stock
2021-02-23+7,538→ 35,022 total - Tax Payment
Common Stock
2021-02-23$135.41/sh−3,810$515,912→ 31,212 total - Sale
Common Stock
2021-02-24$134.94/sh−4,669$630,035→ 26,543 total - Exercise/Conversion
Option to purchase Common Stock
2021-02-23−8,745→ 0 totalExercise: $65.50Exp: 2028-02-23→ Common Stock (8,745 underlying) - Sale
Common Stock
2021-02-23$132.64/sh−8,745$1,159,937→ 27,484 total
Footnotes (5)
- [F1]The stock option exercise reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2020.
- [F2]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2020.
- [F3]Represents shares of Common Stock received upon vesting of performance share units ("PSUs") that were granted on February 23, 2018. 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, 2020. Based on the Issuer's TSR relative to this peer group, PSUs were earned at 200% of the reporting person's target award.
- [F4]Consists of (i) 22,390 shares of Common Stock; (ii) 1,632 restricted stock units that vest ratably on each of February 25, 2021 and February 25, 2022; and (iii) 2,521 restricted stock units that vest ratably on each of February 25, 2021, February 25, 2022 and February 25, 2023.
- [F5]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.
Documents
Issuer
LPL Financial Holdings Inc.
CIK 0001397911
Entity typeother
Related Parties
1- filerCIK 0001548546
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 5:29 PM ET
- Size
- 13.8 KB