LPL Financial settles with former CEO Dan Arnold; retains $12M in options

LPL Financial Holdings Inc.

Arnold retains 47,994 options valued at $12.0M ($327.56/share); forfeits 98,432 options.
Retained options exercisable from Dec 16 to Dec 31, 2024 only.
Settlement includes non-competition, non-disparagement, non-solicitation through Sept 30, 2025.
No severance benefits paid; retained options equal 15% of termination-without-cause package.
Arnold was terminated for cause on Oct 1, 2024; all other equity awards forfeited.

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