Brent Simonich - Feb 25, 2023 Form 4 Insider Report for LPL Financial Holdings Inc. (LPLA)

Role
Principal Accounting Officer
Signature
/s/ Gregory M. Woods, attorney-in-fact
Stock symbol
LPLA
Transactions as of
Feb 25, 2023
Transactions value $
-$87,792
Form type
4
Date filed
2/28/2023, 05:57 PM
Previous filing
Nov 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPLA Common Stock Tax liability -$87.8K -355 -5.88% $247.30 5.69K Feb 25, 2023 Direct
transaction LPLA Common Stock Award $0 +1.09K +19.1% $0.00 6.77K Feb 25, 2023 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, 2024, February 25, 2025, and February 25, 2026. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
F2 Consists of (i) 4,065 shares of Common Stock; (ii) 676 restricted stock units that vest in full on February 25, 2024; (iii) 946 restricted stock units that vest ratably on each of February 25, 2024 and February 25, 2025; and (iv) the restricted stock units reported on this Form 4.

Remarks:

The signatory is signing on behalf of Brent Simonich pursuant to a Power of Attorney dated February 9, 2021.