Equity awards and tax-share withholding for LPL Financial (LPLA) officer

Rhea-AI Filing Summary

LPL Financial Holdings Inc. principal accounting officer Katharine Reeping reported several equity compensation moves in Common Stock. She acquired 81 shares on February 25, 2026 from performance stock units granted on February 25, 2023, which vested at 81% of her target award based on relative total stockholder return.

On the same date, she disposed of 212 shares at $318.47 per share through a tax-withholding transaction to cover obligations tied to these awards. She also received 373 restricted stock units, each representing one future share, scheduled to vest ratably on February 25, 2027, February 25, 2028 and February 25, 2029.

After these transactions, her direct holdings consist of Common Stock plus multiple restricted stock unit grants, including 547 units vesting in full on February 25, 2027 and 380 units vesting over 2027 and 2028, along with the newly granted units.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Reeping Katharine

Role Principal Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	81	$0.00	--
Tax Withholding	Common Stock	212	$318.47	$68K
Grant/Award	Common Stock	373	$0.00	--

Holdings After Transaction: Common Stock — 2,052.906 shares (Direct)

Footnotes (1)

1. Represents shares of Common Stock received upon vesting of performance stock units ("PSUs") that were granted on February 25, 2023. The granted PSUs were eligible to become earned PSUs based on the Issuer's total stockholder return ("TSR") relative to the TSR of a predetermined comparator group over a three-year performance period ending February 14, 2026. Based on the Issuer's TSR relative to this peer group, PSUs were earned at 81% of the reporting person's target award. These shares represent restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Common Stock on the applicable vesting date. These restricted stock units will vest ratably on each of February 25, 2027, February 25, 2028 and February 25, 2029. Vested shares will be issued to the reporting person as soon as practicable after the vesting date. Consists of (i) 913.9057 shares of Common Stock; (ii) 547 restricted stock units that vest in full on February 25, 2027; (iii) 380 restricted stock units that vest ratably on each of February 25, 2027 and February 25, 2028; and (iv) the restricted stock units reported on this Form 4.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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
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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^*

Reeping Katharine

(Last) (First) (Middle)

C/O LPL FINANCIAL HOLDINGS INC.

4707 EXECUTIVE DRIVE

(Street)

SAN DIEGO CA 92121

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LPL Financial Holdings Inc. [ LPLA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Principal Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/25/2026		A		81(1)	A	$0	2,052.9057	D
Common Stock	02/25/2026		F		212	D	$318.47	1,840.9057	D
Common Stock	02/25/2026		A		373(2)	A	$0	2,213.9057(3)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of Common Stock received upon vesting of performance stock units ("PSUs") that were granted on February 25, 2023. The granted PSUs were eligible to become earned PSUs based on the Issuer's total stockholder return ("TSR") relative to the TSR of a predetermined comparator group over a three-year performance period ending February 14, 2026. Based on the Issuer's TSR relative to this peer group, PSUs were earned at 81% of the reporting person's target award.

2. These shares represent restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Common Stock on the applicable vesting date. These restricted stock units will vest ratably on each of February 25, 2027, February 25, 2028 and February 25, 2029. Vested shares will be issued to the reporting person as soon as practicable after the vesting date.

3. Consists of (i) 913.9057 shares of Common Stock; (ii) 547 restricted stock units that vest in full on February 25, 2027; (iii) 380 restricted stock units that vest ratably on each of February 25, 2027 and February 25, 2028; and (iv) the restricted stock units reported on this Form 4.

Remarks:

The signatory is signing on behalf of Katharine Reeping pursuant to a Power of Attorney dated February 25, 2025.

	/s/ Robert S. Hatfield III, attorney-in-fact	02/27/2026
	** Signature of Reporting Person	Date
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.

FAQ

What insider transactions did LPL Financial (LPLA) report for Katharine Reeping?

Katharine Reeping reported equity compensation transactions in LPL Financial stock. She received vested shares from performance stock units, new restricted stock units, and had shares withheld to cover tax obligations related to these awards on February 25, 2026.

How many LPL Financial shares were acquired by equity awards in this Form 4?

The filing shows 81 shares of LPL Financial Common Stock acquired from vested performance stock units and 373 new restricted stock units granted. Each restricted stock unit represents a contingent right to receive one share of Common Stock upon future vesting dates.

Why were 212 LPL Financial (LPLA) shares disposed of in this filing?

The 212 shares were disposed of in a tax-withholding transaction at $318.47 per share. This disposition was used to pay the exercise price or satisfy tax liabilities arising from the vesting or settlement of equity awards granted to Katharine Reeping.

How were the performance stock units for LPL Financial’s officer earned?

The performance stock units granted on February 25, 2023 were earned based on LPL Financial’s total stockholder return relative to a comparator group. Over a three-year period ending February 14, 2026, they vested at 81% of Katharine Reeping’s target award level.

What is the vesting schedule for the new restricted stock units at LPL Financial?

The newly granted restricted stock units will vest in three equal installments. They are scheduled to vest ratably on February 25, 2027, February 25, 2028, and February 25, 2029, with vested shares issued to Katharine Reeping after each vesting date.

What ongoing equity holdings does Katharine Reeping have in LPL Financial (LPLA)?

Her equity holdings include Common Stock and several restricted stock unit grants. These comprise 547 units vesting in full on February 25, 2027, 380 units vesting over 2027 and 2028, plus the restricted stock units reported in this Form 4 with vesting through 2029.