Schwab (NYSE: SCHW) tech chief discloses stock and option awards

Rhea-AI Filing Summary

Schwab executive Howard Dennis, MD and Chief Technology, Operations & Data Officer, filed an initial ownership report as of January 29, 2026. He beneficially owns restricted stock units representing 10,470 shares of common stock granted under the 2022 Stock Incentive Plan, vesting in three equal annual installments beginning August 1, 2026.

The filing also lists several nonqualified stock options to buy Schwab common stock, including grants for 111,903 shares at $64.10 per share expiring March 1, 2031, and additional options for 35,779–54,720 shares with exercise prices between $66.47 and $78.12, expiring from 2032 through 2035, all held directly.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Howard Dennis

(Last) (First) (Middle)

3000 SCHWAB WAY

(Street)

WESTLAKE TX 76262

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/29/2026

3. Issuer Name and Ticker or Trading Symbol
SCHWAB CHARLES CORP [ SCHW ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	MD, Chief Tech, OPS & Data Off

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	10,470(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Nonqualified Stock Option (right to buy)	(2)	03/01/2031	Common Stock	111,903	$64.1	D
Nonqualified Stock Option (right to buy)	(2)	03/01/2032	Common Stock	35,779	$77.86	D
Nonqualified Stock Option (right to buy)	(3)	03/01/2033	Common Stock	38,304	$77.41	D
Nonqualified Stock Option (right to buy)	(4)	03/01/2034	Common Stock	44,003	$66.47	D
Nonqualified Stock Option (right to buy)	(5)	03/03/2035	Common Stock	54,720	$78.12	D

Explanation of Responses:

1. The reported holding comprises restricted stock units granted under the company's 2022 Stock Incentive Plan and vests in three equal annual installments beginning on August 1, 2026.

2. The options are fully vested.

3. 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 of March 1, 2023.

4. 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 of March 1, 2024.

5. 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 of March 3, 2025.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ P. Blake Allen, Attorney-in-fact	02/09/2026
	** 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 5 (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

What does Howard Dennis report owning in his Form 3 for SCHW?

Howard Dennis reports beneficial ownership of restricted stock units representing 10,470 shares of Charles Schwab common stock, plus multiple nonqualified stock options to purchase additional shares, all held directly, under the company’s 2022 Stock Incentive Plan as of January 29, 2026.

How many Schwab (SCHW) shares does Howard Dennis’ restricted stock cover?

The reported restricted stock units for Howard Dennis cover 10,470 shares of Charles Schwab common stock. These units were granted under the 2022 Stock Incentive Plan and are scheduled to vest in three equal annual installments beginning on August 1, 2026.

What stock options does Howard Dennis hold in Charles Schwab (SCHW)?

Howard Dennis holds several nonqualified stock options to buy Schwab common stock, including 111,903 shares at $64.10 expiring March 1, 2031, and additional grants for 35,779–54,720 shares with exercise prices between $66.47 and $78.12, expiring from 2032 through 2035.

When do Howard Dennis’ Schwab (SCHW) restricted stock units vest?

Howard Dennis’ restricted stock units under Charles Schwab’s 2022 Stock Incentive Plan vest in three equal annual installments. Vesting begins on August 1, 2026, meaning one-third of the 10,470-share award vests each year over a three-year period.

Are Howard Dennis’ Schwab (SCHW) options already vested?

One option grant for 111,903 shares at $64.10 is described as fully vested. Other option grants made under Schwab’s 2022 Stock Incentive Plan vest in four equal annual installments starting on the first anniversary of grant dates in March 2023, 2024, and 2025.

What role does Howard Dennis hold at Charles Schwab (SCHW)?

In this ownership report, Howard Dennis is identified as an officer of Charles Schwab, serving as Managing Director, Chief Technology, Operations and Data Officer. The filing reflects his equity-based compensation and direct beneficial ownership in Schwab’s common stock and options.