FRANK C. HERRINGER - 14 Feb 2023 Form 4 Insider Report for SCHWAB CHARLES CORP (SCHW)

Role
Director
Signature
/s/ Kristopher R. Tate, Attorney-in-fact
Issuer symbol
SCHW
Transactions as of
14 Feb 2023
Transactions value $
-$463,483
Form type
4
Filing time
16 Feb 2023, 18:22:08 UTC
Previous filing
05 Jan 2023
Next filing
05 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHW Common Stock Options Exercise $276K +14.3K +292.81% $19.21 19.2K 14 Feb 2023 Direct
transaction SCHW Common Stock Gift $0 -14.3K -74.54% $0.00 4.9K 14 Feb 2023 Direct
transaction SCHW Common Stock Gift $0 +14.3K +9.45% $0.00 166K 14 Feb 2023 by Trust
transaction SCHW Common Stock Sale -$739K -9.14K -5.5% $80.87 157K 14 Feb 2023 by Trust F1
holding SCHW Common Stock 50.6K 14 Feb 2023 by Spouse

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 -14.3K -100% $0.00* 0 14 Feb 2023 Common Stock 14.3K $19.21 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $80.80 to $80.945. The price reported reflects the weighted average sale 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.
F2 The option was granted under the company's 2013 Stock Incentive Plan and vested (i) 25% on May 20, 2014, (ii) 25% on May 20, 2015, and (iii) 50% on May 20, 2016.