FRANK C. HERRINGER - 02 Oct 2023 Form 4 Insider Report for SCHWAB CHARLES CORP (SCHW)

Role
Director
Signature
/s/ Kristopher R. Tate, Attorney-in-fact
Issuer symbol
SCHW
Transactions as of
02 Oct 2023
Transactions value $
$0
Form type
4
Filing time
04 Oct 2023, 17:56:58 UTC
Previous filing
06 Jul 2023
Next filing
04 Jan 2024
SEC
View on sec.gov

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 +771 +0.54% 145K 02 Oct 2023 Common Stock 771 Direct F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a right to receive one share of company stock.
F2 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.
F3 The RSUs 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 RSUs were received in lieu of cash compensation otherwise payable as director fees.
F5 Includes 618.25 RSUs acquired through dividend reinvestment.