Richard Steinmeier - Aug 4, 2022 Form 4 Insider Report for LPL Financial Holdings Inc. (LPLA)

Role
Managing Director
Signature
/s/ Gregory M. Woods, attorney-in-fact
Stock symbol
LPLA
Transactions as of
Aug 4, 2022
Transactions value $
-$1,023,154
Form type
4
Date filed
8/8/2022, 04:48 PM
Previous filing
Mar 1, 2022
Next filing
Sep 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPLA Common Stock Options Exercise $570K +7.36K +30.55% $77.53 31.4K Aug 4, 2022 Direct F1
transaction LPLA Common Stock Sale -$1.59M -7.36K -23.4% $216.64 24.1K Aug 4, 2022 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LPLA Option to purchase Common Stock Options Exercise $0 -7.36K -100% $0.00* 0 Aug 4, 2022 Common Stock 7.36K $77.53 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 May 31, 2022.
F2 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 31, 2022.
F3 Consists of (i) 9,711 shares of Common Stock; (ii) 7,537 restricted stock units that vest in full on September 7, 2022; (iii) 1,378 restricted stock units that vest in full on February 25, 2023; (iv) 2,840 restricted stock units that vest ratably on each of February 25, 2023 and February 25, 2024; and (v) 2,612 restricted stock units that vest ratably on each of February 25, 2023, February 25, 2024 and February 25, 2025.
F4 This option became exercisable in three installments, beginning February 25, 2020, which was the first anniversary of the date on which it was granted. The option became fully vested on February 25, 2022.

Remarks:

The signatory is signing on behalf of Richard Steinmeier pursuant to a Power of Attorney dated August 21, 2018.