Arnold Dan H. 4

Accession 0001397911-24-000017

CIK 0001397911other

View on SEC.gov Company Profile

Filed

Feb 26, 7:00 PM ET

Accepted

Feb 27, 7:16 PM ET

Size

32.3 KB

Accession

0001397911-24-000017

Insider Transaction Report

Form 4

Period: 2024-02-23

LPL Financial Holdings Inc.LPLA

Arnold Dan H.

MD & Div. President, FIS

Transactions

Exercise/Conversion
Common Stock
2024-02-23$39.48/sh+7,089$279,874→ 140,257.94 total
Sale
Common Stock
2024-02-23$265.39/sh−5,267$1,397,809→ 134,990.94 total
Sale
Common Stock
2024-02-23$266.43/sh−1,822$485,435→ 133,168.94 total
Award
Common Stock
2024-02-25+12,752→ 173,705.94 total
Exercise/Conversion
Common Stock
2024-02-26$39.48/sh+2,911$114,926→ 176,616.94 total
Sale
Common Stock
2024-02-26$263.59/sh−800$210,872→ 175,316.94 total
Exercise/Conversion
Option to purchase Common Stock
2024-02-23−7,089→ 60,514 total
Exercise: $39.48Exp: 2027-03-13→ Common Stock (7,089 underlying)
Award
Common Stock
2024-02-25+68,800→ 201,968.94 total
Tax Payment
Common Stock
2024-02-25$263.36/sh−41,015$10,801,710→ 160,953.94 total
Sale
Common Stock
2024-02-26$262.73/sh−500$131,365→ 176,116.94 total
Sale
Common Stock
2024-02-26$264.90/sh−1,200$317,880→ 174,116.94 total
Sale
Common Stock
2024-02-26$265.99/sh−12,390$3,295,616→ 161,726.94 total
Sale
Common Stock
2024-02-26$266.76/sh−11,506$3,069,341→ 150,220.94 total
Sale
Common Stock
2024-02-26$267.80/sh−8,411$2,252,466→ 141,809.94 total
Exercise/Conversion
Option to purchase Common Stock
2024-02-26−2,911→ 57,603 total
Exercise: $39.48Exp: 2027-03-13→ Common Stock (2,911 underlying)

Footnotes (14)

[F1]The stock option exercises reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 20, 2023.
[F10]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $265.42 to $266.41, 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 (10) to this Form 4.
[F11]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $266.42 to $267.36, 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 (11) to this Form 4.
[F12]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $267.43 to $268.25, 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 (12) to this Form 4.
[F13]Consists of (i) 117,374.94 shares of Common Stock; (ii) 3,919 restricted stock units that vest in full on February 25, 2025; (iii) 7,764 restricted stock units that vest ratably on each of February 25, 2025 and February 25, 2026; and (iv) the restricted stock units reported on this Form 4.
[F14]This option became exercisable in three installments, beginning March 13, 2018, which was the first anniversary of the date on which it was granted. The option became fully vested on March 13, 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 November 20, 2023.
[F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $265.00 to $265.96, 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 (3) to this Form 4.
[F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $266.05 to $266.97, 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.
[F5]Represents shares of Common Stock received upon vesting of performance stock units ("PSUs") that were granted on February 25, 2021. 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, 2023. Based on the Issuer's TSR relative to this peer group, PSUs were earned at 200% of the reporting person's target award.
[F6]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, 2025, February 25, 2026 and February 25, 2027. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
[F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $262.32 to $262.92, 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]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $263.36 to $264.11, 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 (8) to this Form 4.
[F9]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $264.38 to $265.25, 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 (9) to this Form 4.

Documents

1 file

4
wk-form4_1709079349.xmlPrimary
FORM 4

Issuer

LPL Financial Holdings Inc.

CIK 0001397911

→

Entity typeother

Related Parties

filerCIK 0001487487

Filing Metadata

Form type: 4
Filed: Feb 26, 7:00 PM ET
Accepted: Feb 27, 7:16 PM ET
Size: 32.3 KB

View on SEC.gov