LPL Financial (LPLA) Emily Field Surrenders 106 Shares for Tax

What Happened

• Emily Field, Group Managing Director at LPL Financial, disposed of 106 shares on September 5, 2026 to satisfy an exercise price or tax liability (transaction code F). The shares were valued at $359.33 each, for a total of $38,089. This was a share surrender/withholding to cover obligations, not an open-market sale.

Key Details

• Transaction date: 2026-09-05; filing date: 2026-09-08.
• Price per share: $359.33; shares surrendered/disposed: 106; total value: $38,089.
• Beneficial ownership reported (per footnote): 166 shares of Common Stock plus restricted stock units — 545 RSUs that vest ratably on Sept 5, 2027 and Sept 5, 2028; and 1,122 RSUs that vest ratably on Feb 25 of 2027, 2028 and 2029.
• Transaction code F indicates payment of exercise price or tax liability (shares were withheld/surrendered rather than sold into the open market).
• Signatory note: the Form 4 was signed on behalf of Emily Field under a Power of Attorney dated July 21, 2025.
• Filing timeliness: filed three days after the reported transaction date; no late filing indication is noted in the report.

Context

• Code F transactions are typically routine: companies often withhold or accept surrendered shares to cover taxes or exercise costs tied to option exercises or RSU vesting. This does not necessarily indicate a change in the insider’s view of the company’s prospects.