Key facts
- This page summarizes Dan H. Arnold's Form 4 filing for LPL Financial Holdings Inc. (LPLA).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 18 Jun 2024, 16:13.
Dan H. Arnold - 14 Jun 2024 Form 4 Insider Report for LPL Financial Holdings Inc. (LPLA)
- Reporting relationship
- President & CEO, Director
- Issuer ticker
- LPLA
- Reported as of
- 14 Jun 2024
- Net transaction value
- -$1,179,489
- SEC form
- 4
- Accepted by SEC
- 18 Jun 2024, 16:13:57 UTC
- Prior SEC filing
- 07 Jun 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Gregory M. Woods, attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Dan H. Arnold filed Form 4 for LPL Financial Holdings Inc. (LPLA) on 18 Jun 2024.
Change
- Previous filing in this sequence was filed on 07 Jun 2024.
- Current net transaction value: -$1,179,489.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
LPLA
transaction
Common Stock
Options Exercise
- Transaction value
- $394,800
- Shares
- +10,000
- Change %
- +7.2%
- Price
- $39.48
- Shares after
- 148,285
- Date
- 14 Jun 2024
- Ownership
- Direct
- Footnotes
- F1
LPLA
transaction
Common Stock
Sale
- Transaction value
- $1,574,289
- Shares
- -5,677
- Change %
- -3.8%
- Price
- $277.31
- Shares after
- 142,608
- Date
- 14 Jun 2024
- Ownership
- Direct
- Footnotes
- F2, F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
LPLA
transaction
Derivative
Option to purchase Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- -10,000
- Change %
- -17%
- Price
- $0.000000
- Shares after
- 47,603
- Date
- 14 Jun 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 10,000
- Exercise price
- $39.48
- Footnotes
- F1, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 5 footnotes
Footnote F1
The stock option exercise reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2024.
Footnote F2
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2024.
Footnote F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.31 to $277.36, 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 (3) to this Form 4.
Footnote F4
Consists of (i) 118,172.94 shares of Common Stock; (ii) 3,919 restricted stock units that vest in full on February 25, 2025; (iii) 7,764 restricted stock units that vest ratably on each of February 25, 2025 and February 25, 2026; and (iv) 12,752 restricted stock units that vest ratably on each of February 25, 2025, February 25, 2026 and February 25, 2027.
Footnote F5
This option became exercisable in three installments, beginning March 13, 2018, which was the first anniversary of the date on which it was granted. The option became fully vested on March 13, 2020.
SEC remarks
The signatory is signing on behalf of Dan H. Arnold pursuant to a Power of Attorney dated March 15, 2017.