Form 4: LPL Financial Group Managing Director Disposes of Shares for Tax Withholding

Marc Eliot Cohen, Group Managing Director at LPL Financial Holdings Inc., reported the disposition of 44 common shares to cover tax withholding obligations at a price of $379.39 per share.

Summary

• Marc Eliot Cohen, the Group Managing Director of LPL Financial Holdings Inc. (LPLA), filed a Form 4 statement regarding a transaction on June 12, 2025.
• The transaction involved the disposition of 44 shares of LPL Financial Common Stock.
• The shares were disposed of at a price of $379.39 per share.
• This disposition was coded as 'F', indicating it was made to satisfy tax withholding obligations.
• Following this transaction, Mr. Cohen directly beneficially owns 4,031.2114 shares of Common Stock.
• His beneficial ownership includes 2,394.2114 shares of Common Stock, 222 restricted stock units vesting on February 25, 2026, 85 restricted stock units vesting on June 12, 2026, 556 restricted stock units vesting ratably on February 25, 2026 and February 25, 2027, and 774 restricted stock units vesting ratably on February 25, 2026, February 25, 2027, and February 25, 2028.
• Additionally, 19 shares are indirectly held by the reporting person's spouse.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine insider transaction for tax withholding purposes, which is a common and expected event and does not reflect a discretionary sale or purchase.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details a routine insider transaction for tax withholding purposes, which is a common occurrence for executives receiving equity compensation. It does not provide broader insights into LPL Financial's industry position or trends.

Stakeholder Impact

• Shareholders: The disposition of a small number of shares for tax purposes by an executive is a routine event and is unlikely to have a significant impact on the company's share price or investor sentiment.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

LPL Financial Holdings Inc., LPLA, Marc Eliot Cohen, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Common Stock, Restricted Stock Units, Executive Compensation