{"schema_version":"secwatch.filing_event.v1","accession":"0001397911-24-000164","form_type":"8-K","ticker":"LPLA","cik":"0001397911","company_name":"LPL Financial Holdings Inc.","filed_at":"2024-12-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.341534+00:00","generated_at":"2026-05-29T05:34:26.901959+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"LPL Financial settles with former CEO Dan Arnold; retains $12M in options","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001397911-24-000164","json":"https://secwatch.observer/filing/0001397911-24-000164.json","markdown":"https://secwatch.observer/filing/0001397911-24-000164.md","text":"https://secwatch.observer/filing/0001397911-24-000164.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1397911/000139791124000164/0001397911-24-000164-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1397911/000139791124000164/lpla-20241208.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T05:34:26.901959+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}