Dayton Semerjian - Feb 25, 2023 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, 2023
Transactions value $
-$1,563,678
Form type
4
Date filed
2/28/2023, 05:48 PM
Previous filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPLA Common Stock Award $0 +11.1K +77.01% $0.00 25.4K Feb 25, 2023 Direct F1
transaction LPLA Common Stock Tax liability -$1.56M -6.32K -24.85% $247.30 19.1K Feb 25, 2023 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, 2020. 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, 2022. 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) 16,799 shares of Common Stock; (ii) 956 restricted stock units that vest in full on February 25, 2024; and (iii) 1,363 restricted stock units that vest ratably on each of February 25, 2024 and February 25, 2025.

Remarks:

The signatory is signing on behalf of Dayton Semerjian pursuant to a Power of Attorney dated February 28, 2019.