Sallie R. Larsen - Nov 10, 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
Nov 10, 2023
Transactions value $
-$2,316,699
Form type
4
Date filed
11/14/2023, 05:07 PM
Previous filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPLA Common Stock Options Exercise $739K +13.5K +53.53% $54.81* 38.7K Nov 10, 2023 Direct
transaction LPLA Common Stock Sale -$3.06M -13.5K -34.87% $226.57 25.2K Nov 10, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LPLA Option to purchase Common Stock Options Exercise $0 -13.5K -100% $0.00* 0 Nov 10, 2023 Common Stock 13.5K $54.81 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $226.43 to $227.02, inclusive. The reporting person undertakes to provide to LPL Financial Holdings Inc., any security holder of LPL Financial Holdings Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.
F2 Consists of (i) 21,080 shares of Common Stock; (ii) 677 restricted stock units that vest in full on February 25, 2024; (iii) 908 restricted stock units that vest ratably on each of February 25, 2024 and February 25, 2025; and (iv) 2,531 restricted stock units that vest ratably on each of February 25, 2024, February 25, 2025 and February 25, 2026.
F3 This option became exercisable in three installments, beginning on February 24, 2015, which was the first anniversary of the date on which it was granted. The option became fully vested on February 24, 2017.

Remarks:

The signatory is signing on behalf of Sallie R. Larsen pursuant to a Power of Attorney dated August 3, 2015.