Schwab Charles R. - 01 Mar 2024 Form 4 Insider Report for SCHWAB CHARLES CORP (SCHW)

Role
Co-Chairman, Director
Signature
/s/ P. Blake Allen, Attorney-in-fact
Issuer symbol
SCHW
Transactions as of
01 Mar 2024
Transactions value $
-$2,211,785
Form type
4
Filing time
05 Mar 2024, 18:35:33
Previous filing
26 Feb 2024
Next filing
24 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHW Common Stock Award $0 +84.7K $0.00 84.7K 01 Mar 2024 Direct F1
transaction SCHW Common Stock Tax liability -$2.21M -33.3K -100% $66.36 0 01 Mar 2024 Direct F2, F3
holding SCHW Common Stock 61.2M 01 Mar 2024 by Trust F3
holding SCHW Common Stock 30.7M 01 Mar 2024 by Limited Partnership
holding SCHW Common Stock 44K 01 Mar 2024 by 188 Corp
holding SCHW Common Stock 7.37M 01 Mar 2024 by Spouse as Trustee

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) Award $0 +105K $0.00 105K 01 Mar 2024 Common Stock 105K $66.47 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired on the vesting of performance-based restricted stock units ("PBRSUs") granted under the company's 2013 Stock Incentive Plan, reflecting the achievement by the reporting person of the performance goal over a three-year performance period ended December 31, 2023.
F2 The company withheld shares of common stock from the reporting person to pay the tax withholding obligations related to the vesting of the PBRSUs.
F3 Reflects the contribution of the shares acquired on the vesting of and withholding related to the PBRSUs to a living trust.
F4 The option was granted under the company's 2022 Stock Incentive Plan and vests in four equal annual installments beginning on the first anniversary of the grant date.