LPL Financial ( (LPLA) ) has shared an announcement.
LPL Financial Holdings Inc. has reached a settlement with former CEO Dan H. Arnold, allowing him to retain 47,994 stock options valued at $12 million, following his termination for cause. This settlement includes non-competition and non-solicitation clauses, effective until September 30, 2025, and represents 15% of the potential severance benefits he could have received if terminated without cause.
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