Form 4: LPL Financial Holdings Inc.: Executive Althea Brown Reports Stock Disposal

Althea Brown, a Managing Director at LPL Financial Holdings Inc., reported the disposal of 514 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• On September 12, 2024, Althea Brown, a Managing Director at LPL Financial Holdings Inc., disposed of 514 shares of common stock.
• The transaction was executed at a price of $206.98 per share.
• This disposal was related to the satisfaction of tax obligations arising from the vesting of restricted stock units.
• Following the transaction, Ms. Brown beneficially owns 5,676 shares of LPL Financial Holdings Inc. common stock.
• These holdings include 925 shares of common stock, 2,880 restricted stock units vesting ratably on September 12, 2025, and September 12, 2026, and 1,871 restricted stock units vesting ratably on February 25, 2025, February 25, 2026, and February 25, 2027.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. This filing indicates that a company insider disposed of shares to cover tax obligations.

Stakeholder Impact

• The disposal of shares by a company insider could have a minor impact on shareholder sentiment, but is unlikely to be significant given the context of tax obligations.

Key Dates