Greg Gates - 25 Feb 2025 Form 4 Insider Report for LPL Financial Holdings Inc. (LPLA)

Signature
/s/ Robert S. Hatfield III, attorney-in-fact
Issuer symbol
LPLA
Transactions as of
25 Feb 2025
Net transactions value
-$1,186,078
Form type
4
Filing time
27 Feb 2025, 18:29:31 UTC
Previous filing
14 Jun 2024
Next filing
09 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPLA Common Stock Award $0 +6,170 +33% $0.000000 25,016 25 Feb 2025 Direct F1
transaction LPLA Common Stock Tax liability $1,186,078 -3,319 -13% $357.36 21,697 25 Feb 2025 Direct
transaction LPLA Common Stock Award $0 +2,157 +9.9% $0.000000 23,854 25 Feb 2025 Direct F2, F3
* 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, 2022. 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 February 14, 2025. 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, 2026, February 25, 2027 and February 25, 2028. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
F3 Consists of (i) 18,614 shares of Common Stock; (ii) 510 restricted stock units that vest in full on February 25, 2026; (iii) 1,022 restricted stock units that vest ratably on each of June 12, 2025 and June 12, 2026; (iv) 1,551 restricted stock units that vest ratably on each of February 25, 2026 and February 25, 2027; and (v) the restricted stock units reported on this Form 4.

Remarks:

The signatory is signing on behalf of Greg Gates pursuant to a Power of Attorney dated December 17, 2024, which is filed as Exhibit 24.1 to this filing.