Form 4: LPL Financial Holdings Inc.: Executive Greg Gates Reports Stock Disposal
SEC Form 4
Greg Gates, a Managing Director at LPL Financial Holdings Inc., reported the disposal of 234 shares of common stock to cover tax obligations.
Summary
- On June 12, 2024, Greg Gates, a Managing Director at LPL Financial Holdings Inc., disposed of 234 shares of common stock.
- The transaction was executed at a price of $278.99 per share.
- Following the transaction, Gates directly owns 18,846 shares of LPL Financial Holdings Inc.
- These holdings include common stock and restricted stock units vesting over the next three years.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock disposal by an executive, likely to cover tax obligations. It doesn't indicate a significant positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company, like officers and directors, trade the company's stock. This provides transparency to the market regarding the transactions of company insiders.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a standard disclosure related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/02/2021 | Date of Power of Attorney granted to Gregory M. Woods. |
| 06/12/2024 | Date of the transaction where 234 shares of common stock were disposed of. |
| 06/14/2024 | Date of signature for the Form 4 filing. |
| 02/25/2025 | First vesting date for some of the restricted stock units. |
| 06/12/2025 | First vesting date for some of the restricted stock units. |
| 02/25/2026 | Second vesting date for some of the restricted stock units. |
| 06/12/2026 | Second vesting date for some of the restricted stock units. |
| 02/25/2027 | Third vesting date for some of the restricted stock units. |
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