Enyedi Matthew 4
4 · LPL Financial Holdings Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
LPL Financial GM Matthew Enyedi Sells Shares After PSU Vesting
What Happened
Matthew Enyedi, Group Managing Director at LPL Financial (LPLA), had performance stock units and restricted stock units convert to shares on Feb 25, 2026 (total 3,975 shares granted/issued). To satisfy taxes and per a 10b5-1 plan, he disposed of 3,442 shares via withholding and open-market sales on Feb 25–26, 2026, generating total proceeds of about $1,099,713. Specifically, 1,333 shares were withheld/used to pay tax obligations at $318.47 ($424,521), and five open-market sale lots totaling 2,109 shares brought roughly $675,192 (prices ranged from about $317.87 to $322.90; reported as weighted averages).
Key Details
- Dates: Awards/vesting on 2026-02-25; sales/withholding on 2026-02-25 and 2026-02-26.
- Awarded/Acquired: 1,799 shares (A) and 2,176 shares (A) on 2/25/2026 — total 3,975 shares.
- Disposed: 1,333 shares (F: tax withholding) @ $318.47 = $424,521; plus open-market sales of 463, 628, 666, 169 and 183 shares on 2/26/2026 at weighted averages (see filing) for ~$675,192. Total disposed ≈ 3,442 shares for ~$1.10M.
- Net change: +533 shares retained from the vesting after sales/withholding (3,975 issued − 3,442 disposed).
- Notable footnotes:
- F1: PSUs granted 2/25/2023 vested at 81% of target based on 3‑year TSR performance — those became part of the shares received.
- F2: Some reported units are restricted stock units that vest ratably on 2/25/2027, 2/25/2028 and 2/25/2029.
- F3: The open-market sales were executed under a Rule 10b5-1 trading plan adopted 11/24/2025.
- F4–F8: Reported sale prices are weighted averages; the filing offers to provide per-trade price breakdowns on request.
- Shares owned after transaction (per filing footnote F9): 10,242 shares of common stock plus additional restricted stock units (597 RSUs vesting 2/25/2027; 1,106 RSUs vesting ratably in 2027–2028; and the RSUs reported on this Form 4).
Context
- This is largely a routine post-vesting outcome: PSUs/RSUs converted to shares, some shares were withheld to pay taxes and others sold under a pre-set 10b5-1 plan. Such sales are common after equity vesting and do not, by themselves, signal a definitive opinion about the company.
- Codes: A = Award/Grant, F = Payment of exercise price/tax withholding, S = Open-market sale.
- Filing was made Feb 27, 2026 for transactions dated Feb 25–26, 2026 (no indication in the filing that the report was late).
Insider Transaction Report
Form 4
Enyedi Matthew
Group Managing Director
Transactions
- Award
Common Stock
[F1]2026-02-25+1,799→ 15,387 total - Tax Payment
Common Stock
2026-02-25$318.47/sh−1,333$424,521→ 14,054 total - Award
Common Stock
[F2]2026-02-25+2,176→ 16,230 total - Sale
Common Stock
[F3][F4]2026-02-26$318.38/sh−463$147,410→ 15,767 total - Sale
Common Stock
[F3][F5]2026-02-26$319.38/sh−628$200,571→ 15,139 total - Sale
Common Stock
[F3][F6]2026-02-26$320.99/sh−666$213,779→ 14,473 total - Sale
Common Stock
[F3][F7]2026-02-26$321.74/sh−169$54,374→ 14,304 total - Sale
Common Stock
[F3][F8][F9]2026-02-26$322.72/sh−183$59,058→ 14,121 total
Footnotes (9)
- [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]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 24, 2025.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $317.87 to $318.79, 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]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $319.16 to $319.60, 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 (5) to this Form 4.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $320.48 to $321.47, 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 (6) to this Form 4.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $321.48 to $321.82, 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 $322.50 to $322.90, 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]Consists of (i) 10,242 shares of Common Stock; (ii) 597 restricted stock units that vest in full on February 25, 2027; (iii) 1,106 restricted stock units that vest ratably on each of February 25, 2027 and February 25, 2028; and (iv) the restricted stock units reported on this Form 4.
Signature
/s/ Robert S. Hatfield III, attorney-in-fact|2026-02-27