Steinmeier Richard 4

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

AI-generated summary of this filing

Updated Feb 27, 2026

LPL Financial (LPLA) CEO Richard Steinmeier Receives Award, Sells 2,619 Shares

What Happened

Richard Steinmeier, CEO of LPL Financial (LPLA), received stock awards on Feb 25, 2026 (total 12,781 shares reported as grants/awards) and had 2,619 shares withheld to satisfy tax withholding obligations at $318.47/share (proceeds ≈ $834,073). The awards include shares issued on vesting of performance stock units (PSUs) and restricted stock units (RSUs).

Key Details

Transaction date: Feb 25, 2026; Form 4 filed Feb 27, 2026.
Grants/awards: 2,255 shares (A) and 10,526 shares (A) reported as acquired at $0.00 (awarded).
Tax withholding: 2,619 shares (F) disposed at $318.47/share for tax payment, total ≈ $834,073.
PSU performance: PSUs granted Feb 25, 2023 were earned at 81% of target based on relative total shareholder return for the three-year period ending Feb 14, 2026 (footnote).
RSU vesting: Some RSUs reported will vest ratably on Feb 25 of 2027, 2028 and 2029 (footnote).
Shares owned after the transactions are not specified in the excerpt provided.
Signing: Form signed under Power of Attorney dated Dec 17, 2024.

Context

This was not an open-market sale for cash gain but a tax-withholding disposition tied to PSU/RSU vesting (common “sell-to-cover” practice). PSUs converted to shares at 81% of target; RSUs include future-dated vesting schedules. No indication in the filing of a 10b5-1 plan or late filing beyond the normal two-day Form 4 window.

Form 4

Period: 2026-02-25

Chief Executive Officer

Transactions

Holdings

Footnotes (4)

[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) 3,446 shares of Common Stock; (ii) 868 restricted stock units that vest in full on February 25, 2027; (iii) 4,648 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.
[F4]The reporting person and his spouse are co-trustees of the trust and its sole beneficiaries. The reporting person remains the beneficial owner of, and retains his pecuniary interest in, the securities held by the trust.

Signature

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

1 file