Reeping Katharine 4
4 · LPL Financial Holdings Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
LPL Financial (LPLA) Principal Accounting Officer Receives Award
What Happened Katharine Reeping, Principal Accounting Officer of LPL Financial (LPLA), received equity awards on Feb 25, 2026 and had shares withheld to cover tax obligations. Specifically, Reeping was credited with two award transactions: 81 shares (awarded at $0) and 373 restricted stock units (awarded at $0). To satisfy tax withholding related to vested awards, 212 shares were disposed at $318.47 per share for proceeds of $67,516.
Key Details
- Transaction date: 2026-02-25 (reported on Form 4 filed 2026-02-27).
- Grants/Acquisitions: 81 shares @ $0.00 and 373 shares (restricted stock units) @ $0.00.
- Tax withholding/disposition: 212 shares disposed @ $318.47 each for $67,516 (code F).
- Holdings after transaction (per footnote): 913.9057 shares of common stock; 547 RSUs vesting in full on Feb 25, 2027; 380 RSUs vesting ratably on Feb 25, 2027 and Feb 25, 2028; plus the restricted stock units reported on this Form 4.
- Footnotes: PSUs granted 2/25/2023 vested at 81% of target based on relative TSR (these produced shares subject to withholding). The 373-share award represents restricted stock units vesting ratably in 2027–2029. The Form 4 was signed by an authorized representative under a Power of Attorney dated Feb 25, 2025.
- Filing timeliness: Form 4 was filed two business days after the transactions (appears timely).
Context
- The 212-share disposition was a tax-withholding event (routine), not an open-market sale signal of intent. The PSU portion vested based on performance vs. a peer group (earned at 81% of target). The other awards are restricted stock units that will vest over future dates, and vested shares will be issued as soon as practicable.
Insider Transaction Report
Form 4
Reeping Katharine
Principal Accounting Officer
Transactions
- Award
Common Stock
[F1]2026-02-25+81→ 2,052.906 total - Tax Payment
Common Stock
2026-02-25$318.47/sh−212$67,516→ 1,840.906 total - Award
Common Stock
[F2][F3]2026-02-25+373→ 2,213.906 total
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) 913.9057 shares of Common Stock; (ii) 547 restricted stock units that vest in full on February 25, 2027; (iii) 380 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