| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LPLA | Common Stock | Award | $0 | +5.9K | +68.29% | $0.00 | 14.5K | Feb 25, 2024 | Direct | F1 |
| transaction | LPLA | Common Stock | Tax liability | -$902K | -3.42K | -23.57% | $263.36 | 11.1K | Feb 25, 2024 | Direct | |
| transaction | LPLA | Common Stock | Award | $0 | +1.79K | +16.11% | $0.00 | 12.9K | Feb 25, 2024 | Direct | F2 |
| transaction | LPLA | Common Stock | Sale | -$631K | -2.4K | -18.61% | $263.00 | 10.5K | Feb 26, 2024 | Direct | F3, F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Represents shares of Common Stock received upon vesting of performance stock units ("PSUs") that were granted on February 25, 2021. 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, 2023. Based on the Issuer's TSR relative to this peer group, PSUs were earned at 200% of the reporting person's target award. |
| F2 | 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, 2025, February 25, 2026 and February 25, 2027. Vested shares will be issued to the reporting person as soon as practicable after the vesting date. |
| F3 | The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 20, 2023. |
| F4 | Consists of (i) 7,211 shares of Common Stock; (ii) 507 restricted stock units that vest in full on February 25, 2025; (iii) 988 restricted stock units that vest ratably on each of February 25, 2025 and February 25, 2026; and (iv) the restricted stock units reported on this Form 4. |
The signatory is signing on behalf of Matthew Enyedi pursuant to a Power of Attorney dated December 31, 2019.