Bernard J. Clark - Mar 1, 2024 Form 4 Insider Report for SCHWAB CHARLES CORP (SCHW)

Role
MD Head of Advisor Services
Signature
/s/ P. Blake Allen, Attorney-in-fact
Stock symbol
SCHW
Transactions as of
Mar 1, 2024
Transactions value $
-$2,072,901
Form type
4
Date filed
3/5/2024, 08:55 PM
Previous filing
Mar 20, 2023
Next filing
May 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHW Common Stock Award $0 +80K $0.00 80K Mar 1, 2024 Direct F1
transaction SCHW Common Stock Tax liability -$2.07M -31.2K -100% $66.36 0 Mar 4, 2024 Direct F2, F3
holding SCHW Common Stock 170K Mar 1, 2024 by Trust F3
holding SCHW Common Stock 3.73K Mar 1, 2024 by 401(k) F4
holding SCHW Common Stock 670 Mar 1, 2024 by ESOP F4

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) Award $0 +65K $0.00 65K Mar 1, 2024 Common Stock 65K $66.47 Direct 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, 2023.
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 trust.
F4 This information is based on a plan statement as of December 31, 2023.
F5 The option was granted under the company's 2022 Stock Incentive Plan and vests in four equal annual installments beginning on the first anniversary of the grant date.

Remarks:

Exhibit 24 - Power of Attorney