---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-155488"
form_type: "8-K"
ticker: "LPLA"
cik: "0001397911"
company_name: "LPL Financial Holdings Inc."
filed_at: "2025-07-03T23:59:59+00:00"
generated_at: "2026-05-18T09:25:59.421304+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Former Chief Legal Officer Althea Brown signs consulting deal; $270K repayment waived, RSUs vest through Sept 20

## Summary
- Consulting period July 2 to September 20, 2025; supports transition of chief legal officer duties.
- Repayment obligation of $269,573 for sign-on bonus and relocation waived.
- 5,400 unvested RSUs continue to vest during consulting term; forfeited after.
- Agreement includes a general release of claims against LPL.
- Consultant reports to CEO; retains laptop and email access.

## SEC filing metadata
- accession: 0001193125-25-155488
- form_type: 8-K
- ticker: LPLA
- cik: 0001397911
- company_name: LPL Financial Holdings Inc.
- filed_at: 2025-07-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397911/000119312525155488/0001193125-25-155488-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397911/000119312525155488/d79661d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-155488
- JSON: https://secwatch.observer/filing/0001193125-25-155488.json
- Plain text: https://secwatch.observer/filing/0001193125-25-155488.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.