John K. Adams Jr - Mar 22, 2024 Form 4 Insider Report for SCHWAB CHARLES CORP (SCHW)

Role
Director
Signature
/s/ P. Blake Allen, Attorney-in-fact
Stock symbol
SCHW
Transactions as of
Mar 22, 2024
Transactions value $
-$668,210
Form type
4
Date filed
3/26/2024, 07:51 PM
Previous filing
May 24, 2023
Next filing
May 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHW Common Stock Options Exercise $245K +7.84K +17.63% $31.21 52.3K Mar 22, 2024 Direct F1
transaction SCHW Common Stock Options Exercise $228K +7.87K +15.04% $28.96 60.2K Mar 22, 2024 Direct F1
transaction SCHW Common Stock Sale -$1.14M -15.7K -26.1% $72.64 44.5K Mar 22, 2024 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SCHW Nonqualified Stock Option (right to buy) Options Exercise $0 -7.84K -100% $0.00* 0 Mar 22, 2024 Common Stock 7.84K $31.21 Direct F4
transaction SCHW Nonqualified Stock Option (right to buy) Options Exercise $0 -7.87K -100% $0.00* 0 Mar 22, 2024 Common Stock 7.87K $28.96 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Includes 673.8678 shares acquired through dividend reinvestment.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-l trading plan adopted by the reporting person on August 28, 2023.
F3 The transaction was executed in multiple trades at prices ranging from $72.57 to $72.645. The price reported reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F4 The option was granted under the company's 2013 Stock Incentive Plan and vests 25% on the first and second anniversary of the grant date and 50% on the third anniversary of the grant date.

Remarks:

Exhibit 24 - Power of Attorney