LPL Financial (LPLA) Principal Accounting Officer Katharine Reeping Sells 440 Shares

What Happened
Katharine Reeping, Principal Accounting Officer of LPL Financial Holdings Inc. (LPLA), sold 439.949 shares of LPL common stock in open-market transactions on September 11, 2026. The sales were executed at a weighted average price of $347.88 per share (range $347.72–$347.88), producing approximately $153,049 in gross proceeds. This was a sale (not a purchase or award), which is commonly a routine disposition and does not by itself indicate company outlook.

Key Details

• Transaction date: September 11, 2026 (reported on Form 4 filed September 14, 2026). Filing appears timely (within the SEC’s 2-business-day window).
• Price: Weighted average $347.88 per share; reported price range $347.72–$347.88 (see footnote).
• Shares sold: 439.949 shares; proceeds ≈ $153,049.
• Shares/holdings after transaction (per filing footnote): 473.9567 shares of common stock plus 1,300 restricted stock units (547 RSUs vesting Feb 25, 2027; 380 RSUs vesting ratably Feb 25, 2027 & Feb 25, 2028; 373 RSUs vesting ratably Feb 25, 2027, Feb 25, 2028 & Feb 25, 2029).
• Footnotes: F1 explains the reported price is a weighted average across multiple trades and the reporting person can provide breakdown on request; F2 details the composition and vesting schedule of post-transaction holdings.
• Signature: Form signed on behalf of Katharine Reeping under a Power of Attorney dated Feb 25, 2025.
• No 10b5-1 plan or other trading plan is disclosed in this filing.

Context
Sales by executives can be routine (diversification, tax needs, planned sales) and are less informative than purchases. This transaction reduced Reeping’s liquid common shares while she retains a modest directly held position and additional RSUs vesting through 2029.