Cohen Marc Eliot 4

4 · LPL Financial Holdings Inc. · Filed Feb 27, 2026

AI-generated summary of this filing

Updated Feb 27, 2026

LPL Financial (LPLA) Group MD Marc Cohen Receives Award; 483 Shares Withheld

What Happened

Marc Eliot Cohen, Group Managing Director at LPL Financial (LPLA), received 1,940 shares on Feb 25, 2026 from vesting equity awards (two grants of 537 and 1,403 shares). Of those, 483 shares were withheld to cover tax liabilities (reported as a "F" withholding disposal) at $318.47 per share, totaling ~$153,821. The net issuance to Cohen was 1,457 shares.
The withheld shares reflect tax withholding on vested awards—not an open-market sale. The award entries are reported at $0.00 acquisition price because they are vested awards (PSUs/RSUs), not purchases.

Key Details

Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (timely).
Acquisitions: 537 shares (award) and 1,403 shares (award) at $0.00.
Withholding/disposition: 483 shares at $318.47 each = $153,821 (tax withholding).
Net new shares issued to Cohen: 1,457 (1,940 vested − 483 withheld).
Footnotes: PSUs granted Feb 25, 2023 vested based on 3‑year TSR vs. peers and were earned at 81% of target (F1). Other reported units include restricted stock units that vest ratably on Feb 25 of 2027, 2028 and 2029 (F2). Aggregate holdings description in filing lists 3,206.2114 shares of common stock plus various RSUs and the units reported here (F3).
Signing: Form signed by a representative under Power of Attorney dated Dec 11, 2024.

Context

This was a vesting event (PSUs/RSUs) with shares withheld for taxes (routine administrative action), not a discretionary sale or open-market trade. For retail investors, purchases or open-market sales by insiders can signal sentiment; tax withholding on vesting is standard and does not itself indicate buying or selling intent.

Form 4

Period: 2026-02-25

Group Managing Director

Transactions

Holdings

Footnotes (3)

[F1]Represents shares of Common Stock received upon vesting of performance stock units ("PSUs") that were granted on February 25, 2023. 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 February 14, 2026. Based on the Issuer's TSR relative to this peer group, PSUs were earned at 81% of the reporting person's target award.
[F2]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, 2027, February 25, 2028 and February 25, 2029. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
[F3]Consists of (i) 3,206.2114 shares of Common Stock; (ii) 85 restricted stock units that vest in full on June 12, 2026; (iii) 278 restricted stock units that vest in full on February 25, 2027; (iv) 516 restricted stock units that vest ratably on each of February 25, 2027 and February 25, 2028; and (v) the restricted stock units reported on this Form 4.

Signature

/s/ Robert S. Hatfield III, attorney-in-fact|2026-02-27

1 file