Enyedi Matthew 4

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).