Edward Fandrey - Aug 25, 2021 Form 4 Insider Report for LPL Financial Holdings Inc. (LPLA)

Role
Managing Director
Signature
/s/ Gregory M. Woods, attorney-in-fact
Stock symbol
LPLA
Transactions as of
Aug 25, 2021
Transactions value $
-$525,813
Form type
4
Date filed
8/27/2021, 04:27 PM
Previous filing
Jun 16, 2021
Next filing
Nov 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPLA Common Stock Tax liability -$260K -1.76K -7.09% $148.37 23K Aug 25, 2021 Direct
transaction LPLA Common Stock Sale -$265K -1.78K -7.76% $148.78 21.2K Aug 26, 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 14, 2021.
F2 Consists of (i) 100 shares of Common Stock; (ii) 17,494 restricted stock units that vest in six installments as follows: 3,539 restricted stock units on November 25, 2021; 1,953 restricted stock units on February 25, 2022, May 25, 2022, August 25, 2022 and November 25, 2022; and 6,143 restricted stock units on February 25, 2023; and (iii) 3,603 restricted stock units that vest ratably on each of February 25, 2022, February 25, 2023 and February 25, 2024.

Remarks:

The signatory is signing on behalf of Edward Fandrey pursuant to a Power of Attorney dated January 21, 2021.