Frank C. Herringer - Feb 1, 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
Feb 1, 2024
Transactions value $
-$209,397
Form type
4
Date filed
2/5/2024, 09:36 PM
Previous filing
Jan 4, 2024
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHW Common Stock Options Exercise $263K +10.5K $25.01 7.4K Feb 1, 2024 Direct F1
transaction SCHW Common Stock Sale -$472K -7.59K -4.34% $62.25 167K Feb 1, 2024 by Trust F1, F2
holding SCHW Common Stock 50.6K Feb 1, 2024 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 -10.5K -100% $0.00* 0 Feb 1, 2024 Common Stock 10.5K $25.01 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the contribution of 10,511 shares received upon exercise of the option to a trust.
F2 The transaction was executed in multiple trades at prices ranging from $62.19 to $62.295. 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.
F3 The option was granted under the company's 2013 Stock Incentive Plan and vested (i) 25% on May 19, 2015, (ii) 25% on May 19, 2016, and (iii) 50% on May 19, 2017.