Charles R. Schwab - Mar 2, 2023 Form 4 Insider Report for SCHWAB CHARLES CORP (SCHW)

Role
Co-Chairman, Director
Signature
/s/ Kristopher R. Tate, Attorney-in-fact
Stock symbol
SCHW
Transactions as of
Mar 2, 2023
Transactions value $
-$3,507,411
Form type
4
Date filed
3/6/2023, 08:08 PM
Previous filing
Mar 3, 2023
Next filing
May 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHW Common Stock Award $0 +112K $0.00 112K Mar 2, 2023 Direct F1
transaction SCHW Common Stock Tax liability -$3.51M -45.9K -100% $76.46 0 Mar 2, 2023 Direct F2, F3
holding SCHW Common Stock 59.9M Mar 2, 2023 by Trust F3
holding SCHW Common Stock 30.7M Mar 2, 2023 by Limited Partnership
holding SCHW Common Stock 44K Mar 2, 2023 by 188 Corp
holding SCHW Common Stock 9.22M Mar 2, 2023 by Spouse as Trustee
* 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 living trust.