Delaware | 001-34963 | 20-3717839 |
(State or other jurisdictions of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Nos.) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
• | an annual base salary of $800,000, effective as of January 3, 2017; |
• | a target annual cash bonus opportunity of 225% of annual base salary, effective as of January 3, 2017; |
• | a target annual long-term incentive compensation award opportunity with a grant date value of 350% of annual base salary, effective as of January 3, 2017, with 50% of such award to consist of stock options and 50% of such award to consist of performance-based share units; and |
• | a one-time grant of restricted stock units with an aggregate grant date value of $1.5 million, which is expected to be granted on February 13, 2017, such grant to vest as to one-third of the number of restricted stock units on each of the third, fourth and fifth anniversaries of the date of grant. |
LPL FINANCIAL HOLDINGS INC. | ||
By: | /s/ David P. Bergers | |
David P. Bergers | ||
General Counsel |