Greg Gates - Jun 12, 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
Jun 12, 2023
Transactions value $
$0
Form type
4
Date filed
6/13/2023, 05:13 PM
Previous filing
Jun 7, 2023
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPLA Common Stock Award $0 +1.53K +6.42% $0.00 25.4K Jun 12, 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 June 12, 2024, June 12, 2025 and June 12, 2026. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
F2 Consists of (i) 19,959 shares of Common Stock; (ii) 990 restricted stock units that vest in full on February 25, 2024; (iii) 1,372 restricted stock units that vest ratably on each of February 25, 2024 and February 25, 2025; (iv) 1,528 restricted stock units that vest ratably on each of February 25, 2024, February 25, 2025 and February 25, 2026; and (v) the restricted stock units reported in this Form 4.

Remarks:

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