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Greg Gates of LPL Financial (LPLA) reports tax-withholding share disposition on Form 4

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LPL Financial Holdings Inc. executive Greg Gates reported a routine tax-related share disposition. On this Form 4, 232 shares of Common Stock were withheld at $295.66 per share to satisfy tax obligations by delivering securities, not through an open-market sale.

Following this transaction, Gates directly holds 20,532 shares in total, consisting of 12,737 shares of Common Stock and several grants of restricted stock units that vest between February 25, 2027 and August 31, 2029. The filing reflects ongoing equity compensation rather than discretionary trading activity.

Positive

  • None.

Negative

  • None.
Insider Gates Greg
Role Group Managing Director
Type Security Shares Price Value
Tax Withholding Common Stock 232 $295.66 $69K
Holdings After Transaction: Common Stock — 20,532 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Tax-withholding shares 232 shares Common Stock delivered for tax liability on F-code transaction
Price per share $295.66/share Value used for 232-share tax-withholding disposition
Total holdings after transaction 20,532 shares Direct ownership of Common Stock and RSUs following Form 4 event
Common Stock portion 12,737 shares Common Stock included in 20,532 total post-transaction holdings
RSUs vesting Feb 25, 2027 776 RSUs Restricted stock units that vest in full on February 25, 2027
RSUs vesting 2027–2028 1,438 RSUs RSUs vesting ratably on February 25, 2027 and February 25, 2028
RSUs vesting 2027–2029 2,774 RSUs RSUs vesting ratably on February 25, 2027, 2028 and 2029
RSUs vesting 2028 & Aug 31, 2029 2,807 RSUs RSUs vesting ratably on February 25, 2028 and August 31, 2029
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock units financial
"restricted stock units that vest in full on February 25, 2027"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Gates Greg
(Last)(First)(Middle)
C/O LPL FINANCIAL
4707 EXECUTIVE DRIVE
(Street)
SAN DIEGO CALIFORNIA 92121
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
LPL Financial Holdings Inc. [ LPLA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Group Managing Director
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/12/2026F232D$295.6620,532(1)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Consists of (i) 12,737 shares of Common Stock; (ii) 776 restricted stock units that vest in full on February 25, 2027; (iii) 1,438 restricted stock units that vest ratably on each of February 25, 2027 and February 25, 2028; (iv) 2,774 restricted stock units that vest ratably on each of February 25, 2027, February 25, 2028 and February 25, 2029; and (v) 2,807 restricted stock units that vest ratably on each of February 25, 2028 and August 31, 2029.
Remarks:
The signatory is signing on behalf of Greg Gates pursuant to a Power of Attorney dated December 17, 2024.
/s/ Robert S. Hatfield III, attorney-in-fact06/15/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Greg Gates of LPL Financial (LPLA) report in this Form 4?

Greg Gates reported a tax-withholding disposition of 232 shares of LPL Financial common stock. The shares were delivered to cover tax obligations, rather than sold in the open market, and his overall equity stake remains substantial after the transaction.

How many LPL Financial (LPLA) shares were used for tax withholding?

A total of 232 shares of LPL Financial common stock were used to pay tax liabilities by delivering securities. This transaction was coded "F" on the Form 4, indicating payment of exercise price or tax liability rather than a regular market sale.

What is Greg Gates’ LPL Financial (LPLA) share ownership after this filing?

After the tax-withholding transaction, Greg Gates directly holds 20,532 LPL Financial-related shares. This total includes 12,737 common shares and multiple restricted stock unit grants scheduled to vest between February 2027 and August 2029, reflecting ongoing equity-based compensation.

What types of equity awards does Greg Gates hold in LPL Financial (LPLA)?

Greg Gates holds LPL Financial common stock and several restricted stock unit awards. These RSUs vest on specific future dates, including February 25, 2027, 2028 and 2029, and August 31, 2029, highlighting a multi-year equity incentive structure tied to continued service.

Does this LPL Financial (LPLA) Form 4 show an open-market sale by Greg Gates?

No, the Form 4 does not show an open-market sale. The transaction is a tax-withholding disposition coded "F," meaning shares were delivered to satisfy tax obligations associated with equity awards, a common administrative step in stock-based compensation programs.