---
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"
generated_at: "2026-05-29T05:34:26.901959+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001397911-24-000164
- JSON: https://secwatch.observer/filing/0001397911-24-000164.json
- Plain text: https://secwatch.observer/filing/0001397911-24-000164.txt

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