George Burton White - Feb 25, 2022 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
Feb 25, 2022
Transactions value $
-$907,072
Form type
4
Date filed
3/1/2022, 05:36 PM
Previous filing
Feb 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPLA Common Stock Award $0 +7.91K +16.97% $0.00 54.5K Feb 25, 2022 Direct F1
transaction LPLA Common Stock Tax liability -$907K -4.96K -9.1% $182.73 49.6K Feb 25, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Common Stock received upon vesting of performance stock units ("PSUs") that were granted on February 25, 2019. The granted PSUs were eligible to become earned PSUs based on the Issuer's total stockholder return ("TSR") relative to the TSR of a predetermined comparator group over a three-year performance period ending December 31, 2021. Based on the Issuer's TSR relative to this peer group, PSUs were earned at 200% of the reporting person's target award.
F2 Consists of (i) 46,956 shares of Common Stock; (ii) 984 restricted stock units that vest in full on February 25, 2023; and (iii) 1,638 restricted stock units that vest ratably on each of February 25, 2023 and February 25, 2024.

Remarks:

The signatory is signing on behalf of George Burton White pursuant to a Power of Attorney dated August 11, 2015.