Seese Scott 4
4 · LPL Financial Holdings Inc. · Filed Feb 25, 2021
Insider Transaction Report
Form 4
Seese Scott
Managing Director
Transactions
- Tax Payment
Common Stock
2021-02-23$135.41/sh−4,691$635,208→ 29,521 total - Award
Common Stock
2021-02-23+11,076→ 34,212 total - Sale
Common Stock
2021-02-24$134.94/sh−4,661$628,955→ 24,860 total
Footnotes (3)
- [F1]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.
- [F2]The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2020.
- [F3]Consists of (i) 17,767 shares of Common Stock; (ii) 2,729 restricted stock units that vest ratably on each of February 25, 2021 and February 25, 2022; and (iii) 4,364 the restricted stock units that vest ratably on each of February 25, 2021, February 25, 2022, and February 25, 2023.