Frank C. Herringer - Jan 3, 2022 Form 4 Insider Report for SCHWAB CHARLES CORP (SCHW)

Role
Director
Signature
Jamal Modir, Attorney-in-fact
Stock symbol
SCHW
Transactions as of
Jan 3, 2022
Transactions value $
$0
Form type
4
Date filed
1/5/2022, 01:12 PM
Previous filing
Oct 4, 2021
Next filing
Feb 10, 2022

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 Restricted Stock Units Award +481 +0.35% 137K Jan 3, 2022 Common Stock 481 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a right to receive one share of company stock.
F2 The restricted stock units were received pursuant to the Directors' Deferred Compensation Plan II (the "Plan") and are held in a rabbi trust for the benefit of the reporting person pursuant to the terms of the Plan.
F3 The restricted stock units are held in a rabbi trust for the benefit of the reporting person and are distributed to the reporting person when he leaves the Board of Directors.
F4 The restricted stock units were received in lieu of cash compensation otherwise payable as director fees.