Jonathan M. Craig - 02 Mar 2023 Form 4 Insider Report for SCHWAB CHARLES CORP (SCHW)

Role
Officer title: Managing Director, Head of Investor Services and Marketing
Signature
/s/ Kristopher R. Tate, Attorney-in-fact
Issuer symbol
SCHW
Transactions as of
02 Mar 2023
Net transactions value
-$5,252,923
Form type
4
Filing time
06 Mar 2023, 20:05:34 UTC
Previous filing
03 Mar 2023
Next filing
05 Mar 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 +68,758 $0.000000 68,758 02 Mar 2023 Direct F1
transaction SCHW Common Stock Tax liability $2,606,683 -34,091 -100% $76.46 0 02 Mar 2023 Direct F2, F3
transaction SCHW Common Stock Sale $2,646,240 -34,667 -76% $76.33 11,159 06 Mar 2023 by Trust F3, F4, F5
* 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, 2022.
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 revocable living trust.
F4 The sales reflected in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18, 2022.
F5 This transaction was executed in multiple trades at prices ranging from $75.94 to $76.70. 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.

Remarks:

Officer title: Managing Director, Head of Investor Services and Marketing