Form 4: LPL Financial Holdings Inc.: Executive Officer Althea Brown Reports Changes in Beneficial Ownership

Althea Brown, a Managing Director at LPL Financial Holdings Inc., filed a Form 4 disclosing the acquisition and disposal of common stock and restricted stock units.

Summary

• On February 25, 2025, Althea Brown, a Managing Director at LPL Financial Holdings Inc., reported changes in beneficial ownership.
• The transactions included the disposal of 237 shares of common stock at $357.36 and the acquisition of 1,272 restricted stock units at $0.
• Following these transactions, Brown directly owns 5,439 shares of common stock and 6,711 restricted stock units.
• The restricted stock units vest ratably on February 25, 2026, February 25, 2027, and February 25, 2028.
• Robert S. Hatfield III, attorney-in-fact, signed the report on behalf of Althea Brown, pursuant to a power of attorney dated December 20, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

The restricted stock units will vest ratably over the next three years, indicating a continued alignment of the executive's interests with the company's performance.

Industry Context

Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders are informed about the transactions of a key executive, providing transparency into insider activity.

Key Dates