In the latest moves following a management shift atop the country’s largest independent broker-dealer, LPL Financial insiders have either shed or acquired shares in three separate transactions disclosed to the SEC this week.
Former LPL CEO Mark Casady, who stepped down last month, netted $5.1 million when he exercised stock options before they expired, according to filings. His successor, Dan Arnold, received shares worth $1.5 million under his compensation package.
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