Marc Eliot Cohen - Feb 25, 2025 Form 4 Insider Report for LPL Financial Holdings Inc. (LPLA)

Role
Managing Director
Signature
/s/ Robert S. Hatfield III, attorney-in-fact
Stock symbol
LPLA
Transactions as of
Feb 25, 2025
Transactions value $
-$642,938
Form type
4
Date filed
2/27/2025, 06:14 PM
Previous filing
Dec 31, 2024
Next filing
Jun 16, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPLA Common Stock Award $0 +1.14K +28.98% $0.00 5.07K Feb 25, 2025 Direct F1
transaction LPLA Common Stock Tax liability -$241K -673 -13.26% $357.36 4.4K Feb 25, 2025 Direct
transaction LPLA Common Stock Award $0 +774 +17.59% $0.00 5.18K Feb 25, 2025 Direct F2
transaction LPLA Common Stock Sale -$402K -1.1K -21.26% $365.85 4.08K Feb 26, 2025 Direct F3
holding LPLA Common Stock 19 Feb 25, 2025 Held by the Reporting Person's spouse
* 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) 2,353.2114 shares of Common Stock; (ii) 222 restricted stock units that vest in full on February 25, 2026; (iii) 170 restricted stock units that vest ratably on each of June 12, 2025 and June 12, 2026; (iv) 556 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 Marc Cohen pursuant to a Power of Attorney dated December 11, 2024.