Greg Gates - Feb 25, 2022 Form 4 Insider Report for LPL Financial Holdings Inc. (LPLA)

Role
Managing Director
Signature
Gregory M. Woods, attorney-in-fact
Stock symbol
LPLA
Transactions as of
Feb 25, 2022
Transactions value $
-$133,210
Form type
4
Date filed
3/1/2022, 05:03 PM
Previous filing
Dec 13, 2021
Next filing
Jun 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPLA Common Stock Tax liability -$133K -729 -3.56% $182.73 19.8K Feb 25, 2022 Direct
transaction LPLA Common Stock Award $0 +2.06K +10.4% $0.00 21.8K Feb 25, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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, 2023, February 25, 2024, and February 25, 2025. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
F2 Consists of (i) 14,063 shares of Common Stock; (ii) 735 restricted stock units that vest in full on February 25, 2023; (iii) 2,999 restricted stock units that vest ratably on each of June 5, 2022 and June 5, 2023; (iv) 1,980 restricted stock units that vest ratably on each of February 25, 2023 and February 25, 2024; and (v) the restricted stock units reported on this Form 4.

Remarks:

The signatory is signing on behalf of Greg Gates pursuant to a Power of Attorney dated August 2, 2021.