Jonathan S. Beatty - 11 Jul 2024 Form 4 Insider Report for SCHWAB CHARLES CORP (SCHW)

Role
MD, Head of Advisor Services
Signature
/s/ P. Blake Allen, Attorney-in-fact
Issuer symbol
SCHW
Transactions as of
11 Jul 2024
Net transactions value
-$23,995
Form type
4
Filing time
15 Jul 2024, 16:48:38 UTC
Previous filing
03 Jul 2024
Next filing
12 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHW Common Stock Options Exercise $34,507 +780 +2.2% $44.24 36,981 11 Jul 2024 Direct F1
transaction SCHW Common Stock Sale $58,502 -780 -4.1% $75.00 18,069 11 Jul 2024 by Trust F1, F2, F3

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 -780 -6.5% $0.000000 11,158 11 Jul 2024 Common Stock 780 $44.24 Direct F4
* 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 780 shares received upon exercise of the option to a trust.
F2 The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 28, 2024.
F3 The transaction was executed in multiple trades at prices ranging from $75.00 to $75.02. 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 transfer of shares and prices at which the transaction was effected.
F4 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.