Jambusaria Aneri 4

What Happened Aneri Jambusaria, Group Managing Director at LPL Financial (LPLA), received newly vested performance stock units (PSUs) and restricted stock units (RSUs) and sold a portion of shares to satisfy tax withholding. On Feb 25, 2026 she was issued 942 shares from vested PSUs and 1,302 restricted stock units (awarded at $0), and 715 shares were disposed of as a tax-withholding sale at $318.47 per share for proceeds of $227,706. The PSU payout reflected 81% of the target award based on relative total shareholder return for the three-year performance period ending Feb 14, 2026.

Key Details

• Transaction date: February 25, 2026; Form filed Feb 27, 2026 (appears timely).
• Awards received: 942 shares (PSUs vested) and 1,302 RSUs (awarded at $0).
• Sale to cover taxes: 715 shares disposed at $318.47, proceeds = $227,706 (code F = tax withholding).
• Shareholdings after transactions (per filing footnote): 4,611 shares of common stock plus outstanding RSUs including 380 RSUs (vest in full Feb 25, 2027), 738 RSUs (vest ratably Feb 25, 2027 & Feb 25, 2028), and the RSUs reported on this Form 4.
• Additional notes: PSUs awarded Feb 25, 2023 and earned at 81% of target; signatory executed filing under power of attorney dated Dec 17, 2024.

Context

• This was not an open-market sale for investment reasons but a routine tax-withholding disposition (common when equity awards vest).
• PSUs convert to shares only if performance targets are met (here, partially earned at 81%); RSUs are time-based and vest on future dates as specified.