Kalbaugh John Andrew 4

4 · LPL Financial Holdings Inc. · Filed Feb 25, 2021

Form 4

Period: 2021-02-23

Managing Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2021-02-23$65.50/sh+8,745$572,798→ 36,229 total
Sale
Common Stock
[F2]
2021-02-23$132.64/sh−8,745$1,159,937→ 27,484 total
Award
Common Stock
[F3]
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
[F2][F4]
2021-02-24$134.94/sh−4,669$630,035→ 26,543 total
Exercise/Conversion
Option to purchase Common Stock
[F1][F5]
2021-02-23−8,745→ 0 total
Exercise: $65.50Exp: 2028-02-23→ Common Stock (8,745 underlying)

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.

Signature

/s/ Gregory M. Woods, attorney-in-fact|2021-02-25

Documents

1 file