Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement [Abstract]

Summary of stock option and warrant activity

The following table summarizes the Company’s stock option and warrant activity as of and for the nine months ended September 30, 2025:


	Number of Shares	Weighted- Average Exercise Price		Weighted-Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (In thousands)
Outstanding — December 31, 2024	135,510	$	61.08
Granted	—	$	—
Exercised	(67,822)	$	58.91
Forfeited and Expired	—	$	—
Outstanding — September 30, 2025	67,688	$	63.25	2.44	$	18,238
Exercisable — September 30, 2025	67,688	$	63.25	2.44	$	18,238
Exercisable and expected to vest — September 30, 2025	67,688	$	63.25	2.44	$	18,238

Summary of outstanding stock options and warrant information

The following table summarizes information about outstanding stock options and warrants as of September 30, 2025:


	Outstanding				Exercisable
Range of Exercise Prices	Number of Shares	Weighted- Average Exercise Price		Weighted-Average Remaining Life (Years)	Number of Shares	Weighted- Average Exercise Price
$19.85 - $25.00	3,383	$	19.85	0.41	3,383	$	19.85
$25.01 - $35.00	—	$	—	0.00	—	$	—
$35.01 - $45.00	14,995	$	39.48	1.45	14,995	$	39.48
$45.01 - $65.00	—	$	—	0.00	—	$	—
$65.01 - $75.00	16,710	$	65.50	2.38	16,710	$	65.50
$75.01 - $80.00	32,600	$	77.53	3.15	32,600	$	77.53
	67,688	$	63.25	2.45	67,688	$	63.25

Summary of restricted stock awards and restricted stock units activity

The following summarizes the Company’s activity in its restricted stock awards and stock units, which include restricted stock units, deferred stock units and performance stock units, as of and for the nine months ended September 30, 2025:


	Restricted Stock Awards			Stock Units
	Number of Shares	Weighted-Average Grant-Date Fair Value		Number of Units		Weighted-Average Grant-Date Fair Value
Outstanding — December 31, 2024	6,291	$	268.64	622,564		$	233.55
Granted	1,820	$	372.50	324,305		$	363.24
Vested	(6,907)	$	277.90	(253,350)		$	240.05
Forfeited	—	$	—	(52,779)		$	324.55
Outstanding — September 30, 2025	1,204	$	372.50	640,740	(1)	$	289.13
Expected to vest — September 30, 2025	1,204	$	372.50	484,807		$	322.39

_______________________________

(1) Includes 97,500 vested and undistributed deferred stock units.

LPL Financial Holdings Inc. 10-Q