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[Form 4] The Charles Schwab Corporation Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

The Charles Schwab Corporation (SCHW) � Form 4 Insider Filing

On 1 July 2025, director Marianne C. Brown reported the acquisition of 412 restricted stock units (RSUs) under the company’s Directors� Deferred Compensation Plan II. The equity was taken in lieu of cash board fees and is held in a rabbi trust until she leaves the Board of Directors. After the grant, Brown’s direct beneficial ownership rose to 6,525.39 RSUs, a figure that includes 18.88 units gained through dividend reinvestment. No shares were sold or disposed of, and no option exercises occurred. Because the transaction represents routine, non-cash director compensation rather than an open-market purchase or sale, it is considered to have minimal immediate market impact but modestly strengthens director–shareholder alignment.

The Charles Schwab Corporation (SCHW) � Comunicazione interna Form 4

Il 1° luglio 2025, la direttrice Marianne C. Brown ha segnalato l'acquisizione di 412 unità azionarie vincolate (RSU) nell'ambito del Piano di Compensazione Differita per Direttori II della società. Le azioni sono state ricevute in sostituzione delle commissioni del consiglio in contanti e sono custodite in un trust rabbinico fino al suo ritiro dal Consiglio di Amministrazione. Dopo la concessione, la proprietà diretta di Brown è salita a 6.525,39 RSU, cifra che comprende 18,88 unità ottenute tramite il reinvestimento dei dividendi. Non sono state vendute o cedute azioni, né sono state esercitate opzioni. Poiché la transazione rappresenta una normale compensazione non monetaria per i direttori, e non un acquisto o vendita sul mercato aperto, si ritiene che abbia un impatto minimo immediato sul mercato, ma rafforzi modestamente l’allineamento tra direttori e azionisti.

The Charles Schwab Corporation (SCHW) � Presentación interna Formulario 4

El 1 de julio de 2025, la directora Marianne C. Brown informó sobre la adquisición de 412 unidades restringidas de acciones (RSUs) bajo el Plan de Compensación Diferida para Directores II de la empresa. Las acciones se recibieron en lugar de honorarios en efectivo por su función en la junta y se mantienen en un fideicomiso rabínico hasta que deje la Junta Directiva. Tras la concesión, la propiedad directa de Brown aumentó a 6,525.39 RSUs, cifra que incluye 18.88 unidades obtenidas mediante la reinversión de dividendos. No se vendieron ni dispusieron acciones, ni se ejercieron opciones. Dado que la transacción representa una compensación rutinaria no monetaria para directores, y no una compra o venta en el mercado abierto, se considera que tiene un impacto inmediato mínimo en el mercado, pero fortalece modestamente la alineación entre directores y accionistas.

찰스 슈왑 코퍼레이�(SCHW) � 내부� 신고� Form 4

2025� 7� 1�, 이사� Marianne C. Brown은 회사� 이사� 이연 보상 계획 II� 따라 412개의 제한 주식 단위(RSU)� 취득했다� 보고했습니다. � 주식은 현금 이사� 수수� 대� 취득되었으며, 이사회에� 물러� 때까지 라비 트러스트� 보관됩니�. 부� � Brown� 직접 보유 주식은 6,525.39 RSU� 증가했으�, � � 18.88 단위� 배당� 재투자를 통해 얻은 것입니다. 주식 매도� 처분, 옵션 행사� 없었습니�. � 거래� 공개 시장에서� 매매가 아닌 일상적인 비현� 이사 보상� 해당하므�, 즉각적인 시장 영향은 최소� 간주되지� 이사와 주주 간의 정렬� 다소 강화합니�.

The Charles Schwab Corporation (SCHW) � Déclaration d’initié Formulaire 4

Le 1er juillet 2025, la directrice Marianne C. Brown a déclaré l’acquisition de 412 unités d’actions restreintes (RSU) dans le cadre du Plan de Compensation Différée des Administrateurs II de la société. Les actions ont été reçues en lieu et place des honoraires en espèces du conseil d’administration et sont conservées dans une fiducie rabbinique jusqu’� son départ du conseil. Après cette attribution, la propriété directe de Brown est montée à 6 525,39 RSU, incluant 18,88 unités obtenues par réinvestissement des dividendes. Aucune action n’a été vendue ou cédée, et aucune option exercée. Comme cette transaction représente une rémunération courante non monétaire pour les administrateurs, et non un achat ou une vente sur le marché ouvert, elle est considérée comme ayant un impact immédiat minimal sur le marché, tout en renforçant modestement l’alignement entre administrateurs et actionnaires.

The Charles Schwab Corporation (SCHW) � Insider-Meldung Formular 4

Am 1. Juli 2025 meldete Direktorin Marianne C. Brown den Erwerb von 412 Restricted Stock Units (RSUs) im Rahmen des Directors� Deferred Compensation Plan II des Unternehmens. Die Aktien wurden anstelle von Barausschüttungen für den Vorstand bezogen und werden in einem Rabbi-Trust gehalten, bis sie den Vorstand verlässt. Nach der Zuteilung stieg Browns direkte wirtschaftliche Eigentümerschaft auf 6.525,39 RSUs, einschließlich 18,88 Einheiten, die durch Dividenden-Reinvestitionen erworben wurden. Es wurden keine Aktien verkauft oder veräußert, und keine Optionen ausgeübt. Da die Transaktion eine routinemäßige, nicht-bare Vergütung für Direktoren darstellt und keinen offenen Markt-Kauf oder -Verkauf, gilt sie als mit minimaler unmittelbarer Marktauswirkung, stärkt jedoch leicht die Ausrichtung zwischen Direktor und Aktionär.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine director RSU grant; neutral to share price.

The 412-unit grant adds roughly US$30�40k in theoretical value (depending on SCHW’s prevailing price) to Ms. Brown’s stake, lifting total holdings to 6,525.39 units. No cash changed hands and there was no sale pressure on the stock. Insider awards of this scale are customary for large-cap financial firms and do not signal a directional view on valuation. The filing therefore carries negligible influence on liquidity, earnings outlook, or capital structure.

TL;DR: Equity-based board pay enhances alignment; impact immaterial.

Issuing RSUs in lieu of cash reinforces best-practice governance by tying director compensation to long-term performance. Placement of the units in a rabbi trust until board departure further promotes retention and fiduciary focus. Nonetheless, the small grant size and lack of market transactions mean the disclosure is procedural rather than market-moving.

The Charles Schwab Corporation (SCHW) � Comunicazione interna Form 4

Il 1° luglio 2025, la direttrice Marianne C. Brown ha segnalato l'acquisizione di 412 unità azionarie vincolate (RSU) nell'ambito del Piano di Compensazione Differita per Direttori II della società. Le azioni sono state ricevute in sostituzione delle commissioni del consiglio in contanti e sono custodite in un trust rabbinico fino al suo ritiro dal Consiglio di Amministrazione. Dopo la concessione, la proprietà diretta di Brown è salita a 6.525,39 RSU, cifra che comprende 18,88 unità ottenute tramite il reinvestimento dei dividendi. Non sono state vendute o cedute azioni, né sono state esercitate opzioni. Poiché la transazione rappresenta una normale compensazione non monetaria per i direttori, e non un acquisto o vendita sul mercato aperto, si ritiene che abbia un impatto minimo immediato sul mercato, ma rafforzi modestamente l’allineamento tra direttori e azionisti.

The Charles Schwab Corporation (SCHW) � Presentación interna Formulario 4

El 1 de julio de 2025, la directora Marianne C. Brown informó sobre la adquisición de 412 unidades restringidas de acciones (RSUs) bajo el Plan de Compensación Diferida para Directores II de la empresa. Las acciones se recibieron en lugar de honorarios en efectivo por su función en la junta y se mantienen en un fideicomiso rabínico hasta que deje la Junta Directiva. Tras la concesión, la propiedad directa de Brown aumentó a 6,525.39 RSUs, cifra que incluye 18.88 unidades obtenidas mediante la reinversión de dividendos. No se vendieron ni dispusieron acciones, ni se ejercieron opciones. Dado que la transacción representa una compensación rutinaria no monetaria para directores, y no una compra o venta en el mercado abierto, se considera que tiene un impacto inmediato mínimo en el mercado, pero fortalece modestamente la alineación entre directores y accionistas.

찰스 슈왑 코퍼레이�(SCHW) � 내부� 신고� Form 4

2025� 7� 1�, 이사� Marianne C. Brown은 회사� 이사� 이연 보상 계획 II� 따라 412개의 제한 주식 단위(RSU)� 취득했다� 보고했습니다. � 주식은 현금 이사� 수수� 대� 취득되었으며, 이사회에� 물러� 때까지 라비 트러스트� 보관됩니�. 부� � Brown� 직접 보유 주식은 6,525.39 RSU� 증가했으�, � � 18.88 단위� 배당� 재투자를 통해 얻은 것입니다. 주식 매도� 처분, 옵션 행사� 없었습니�. � 거래� 공개 시장에서� 매매가 아닌 일상적인 비현� 이사 보상� 해당하므�, 즉각적인 시장 영향은 최소� 간주되지� 이사와 주주 간의 정렬� 다소 강화합니�.

The Charles Schwab Corporation (SCHW) � Déclaration d’initié Formulaire 4

Le 1er juillet 2025, la directrice Marianne C. Brown a déclaré l’acquisition de 412 unités d’actions restreintes (RSU) dans le cadre du Plan de Compensation Différée des Administrateurs II de la société. Les actions ont été reçues en lieu et place des honoraires en espèces du conseil d’administration et sont conservées dans une fiducie rabbinique jusqu’� son départ du conseil. Après cette attribution, la propriété directe de Brown est montée à 6 525,39 RSU, incluant 18,88 unités obtenues par réinvestissement des dividendes. Aucune action n’a été vendue ou cédée, et aucune option exercée. Comme cette transaction représente une rémunération courante non monétaire pour les administrateurs, et non un achat ou une vente sur le marché ouvert, elle est considérée comme ayant un impact immédiat minimal sur le marché, tout en renforçant modestement l’alignement entre administrateurs et actionnaires.

The Charles Schwab Corporation (SCHW) � Insider-Meldung Formular 4

Am 1. Juli 2025 meldete Direktorin Marianne C. Brown den Erwerb von 412 Restricted Stock Units (RSUs) im Rahmen des Directors� Deferred Compensation Plan II des Unternehmens. Die Aktien wurden anstelle von Barausschüttungen für den Vorstand bezogen und werden in einem Rabbi-Trust gehalten, bis sie den Vorstand verlässt. Nach der Zuteilung stieg Browns direkte wirtschaftliche Eigentümerschaft auf 6.525,39 RSUs, einschließlich 18,88 Einheiten, die durch Dividenden-Reinvestitionen erworben wurden. Es wurden keine Aktien verkauft oder veräußert, und keine Optionen ausgeübt. Da die Transaktion eine routinemäßige, nicht-bare Vergütung für Direktoren darstellt und keinen offenen Markt-Kauf oder -Verkauf, gilt sie als mit minimaler unmittelbarer Marktauswirkung, stärkt jedoch leicht die Ausrichtung zwischen Direktor und Aktionär.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Brown Marianne Catherine

(Last) (First) (Middle)
3000 SCHWAB WAY

(Street)
WESTLAKE TX 76262

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SCHWAB CHARLES CORP [ SCHW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 07/01/2025 A 412(2) (3) (3) Common Stock 412 (4) 6,525.39(5) D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents a right to receive one share of company stock.
2. The RSUs 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.
3. The RSUs are held in a rabbi trust for the benefit of the reporting person and are distributed to the reporting person when she leaves the Board of Directors.
4. The RSUs were received in lieu of cash compensation otherwise payable as director fees.
5. Includes 18.88 RSUs acquired through dividend reinvestment.
Remarks:
/s/ Jeffrey E. Salvesen, Attorney-in-Fact 07/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many shares did SCHW director Marianne C. Brown acquire?

She acquired 412 restricted stock units on 1 July 2025.

What is the director’s total SCHW ownership after the transaction?

Marianne C. Brown now directly holds 6,525.39 RSUs.

Were any SCHW shares sold in this Form 4 filing?

No. The filing reports only an acquisition; no shares were sold or disposed of.

Under which plan were the RSUs granted to the director?

The units were issued through the Directors� Deferred Compensation Plan II.

When will the RSUs be distributed to the director?

The RSUs will be distributed when she leaves the Board of Directors.

Did the director elect RSUs instead of cash compensation?

Yes, the 412 RSUs were received in lieu of cash director fees.
Schwab (CHARLES) Corp. (The)

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SCHW Stock Data

165.78B
1.71B
6.34%
76.21%
0.93%
Capital Markets
Security Brokers, Dealers & Flotation Companies
United States
WESTLAKE