Greg Gates - 25 Feb 2022 Form 4 Insider Report for LPL Financial Holdings Inc. (LPLA)

Role
Managing Director
Signature
Gregory M. Woods, attorney-in-fact
Issuer symbol
LPLA
Transactions as of
25 Feb 2022
Net transactions value
-$133,210
Form type
4
Filing time
01 Mar 2022, 17:03:03 UTC
Previous filing
13 Dec 2021
Next filing
06 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPLA Common Stock Tax liability $133,210 -729 -3.6% $182.73 19,777 25 Feb 2022 Direct
transaction LPLA Common Stock Award $0 +2,057 +10% $0.000000 21,834 25 Feb 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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, 2023, February 25, 2024, and February 25, 2025. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.
F2 Consists of (i) 14,063 shares of Common Stock; (ii) 735 restricted stock units that vest in full on February 25, 2023; (iii) 2,999 restricted stock units that vest ratably on each of June 5, 2022 and June 5, 2023; (iv) 1,980 restricted stock units that vest ratably on each of February 25, 2023 and February 25, 2024; 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 August 2, 2021.