Matthew Enyedi - 20 Jul 2021 Form 4 Insider Report for LPL Financial Holdings Inc. (LPLA)

Role
Managing Director
Signature
/s/ Gregory M. Woods, attorney-in-fact
Issuer symbol
LPLA
Transactions as of
20 Jul 2021
Net transactions value
-$662,647
Form type
4
Filing time
21 Jul 2021, 18:29:16 UTC
Previous filing
12 May 2021
Next filing
01 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPLA Common Stock Options Exercise $126,721 +2,312 +48% $54.81 7,084 20 Jul 2021 Direct F1
transaction LPLA Common Stock Options Exercise $213,192 +5,400 +76% $39.48 12,484 20 Jul 2021 Direct F1
transaction LPLA Common Stock Sale $1,002,560 -7,712 -62% $130.00 4,772 20 Jul 2021 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LPLA Option to purchase Common Stock Options Exercise $0 -2,312 -100% $0.000000* 0 20 Jul 2021 Common Stock 2,312 $54.81 Direct F1, F4
transaction LPLA Option to purchase Common Stock Options Exercise $0 -5,400 -51% $0.000000 5,154 20 Jul 2021 Common Stock 5,400 $39.48 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option exercises reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 19, 2021.
F2 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 19, 2021
F3 Consists of (i) 984 shares of Common Stock; (ii) 417 restricted stock units that vest in full on February 25, 2022; (iii) 1,406 restricted stock units that vest ratably on each of February 25, 2022 and February 25, 2023; and (iv) 1,965 restricted stock units that vest ratably on each of February 25, 2022, February 25, 2023 and February 25, 2024.
F4 This option became exercisable in three installments, beginning February 24, 2015, which was the first anniversary of the date on which it was granted. The option became fully vested on February 24, 2017.
F5 This option became exercisable in three installments, beginning March 13, 2018, which was the first anniversary of the date on which it was granted. The option became fully vested on March 13, 2020.

Remarks:

The signatory is signing on behalf of Matthew Enyedi pursuant to a Power of Attorney dated December 31, 2019.