Putnam James S 4
4 · LPL Financial Holdings Inc. · Filed May 16, 2023
Insider Transaction Report
Form 4
Putnam James S
Director
Transactions
- Award
Common Stock
2023-05-12+784→ 134,729.5 total - Award
Common Stock
2023-05-12+506→ 135,235.5 total
Footnotes (2)
- [F1]Represents stock units granted under the Issuer's 2021 Omnibus Equity Incentive Plan (the "2021 Plan"). Each stock unit represents the right to receive one share of common stock and is scheduled to vest in full on May 8, 2024. These stock units are subject to a written deferral election under the Issuer's Non-Employee Director Deferred Compensation Plan pursuant to which the reporting person elected to defer receipt of the equity portion of the annual retainer under the Issuer's Non-Employee Director Compensation Policy (the "Policy").
- [F2]The reporting person elected to receive these shares, which were granted under the 2021 Plan, in lieu of the cash portion of the annual retainer under the Policy.