Bernard J. Clark - May 28, 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
May 28, 2024
Transactions value $
-$4,260,623
Form type
4
Date filed
5/30/2024, 08:44 PM
Previous filing
Mar 5, 2024
Next filing
Jun 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHW Common Stock Options Exercise $1.23M +28.7K $42.99 0 May 28, 2024 Direct F1
transaction SCHW Common Stock Sale -$5.29M -74.6K -37.48% $70.91 124K May 28, 2024 by Trust F1, F2, F3
transaction SCHW Common Stock Sale -$202K -2.82K -2.26% $71.88 122K May 28, 2024 by Trust F2, F4
holding SCHW Common Stock 3.74K May 28, 2024 by 401(k) F5
holding SCHW Common Stock 673 May 28, 2024 by ESOP F5

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 -28.7K -100% $0.00* 0 May 28, 2024 Common Stock 28.7K $42.99 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Reflects the contribution of 28,670 shares received upon exercise of the option to a trust.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-l trading plan adopted by the reporting person on February 27, 2024.
F3 This transaction was executed in multiple trades at prices ranging from $70.56 to $71.56. 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.
F4 This transaction was executed in multiple trades at prices ranging from $71.57 to $72.09. 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.
F5 This information is based on a plan statement as of March 31, 2024.
F6 The option was granted under the company's 2013 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date.