Schwab (SCHW) Co-Chair Bettinger reports trust stock sales and option exercises
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Charles Schwab Co-Chairman Walter W. Bettinger reported option exercises and related stock sales through a family trust. On February 3, 2026, nonqualified stock options with a $42.99 exercise price for 162,462 shares were exercised, followed by family trust sales of 141,033 and 21,429 common shares at weighted average prices of $103.8485 and $104.2429.
On February 4, 2026, additional options for 94,948 shares at $42.99 were exercised and the same number of shares were sold by the family trust at a weighted average price of $104.252. After these transactions, the family trust held 529,346 Schwab common shares, with further indirect holdings reported through an ESPP, ESOP, and spouse-related accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 257,410 shares ($26,778,406)
Net Sell
11 txns
Insider
Bettinger Walter W
Role
Co-Chairman
Sold
257,410 shs ($26.78M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonqualified Stock Option (right to buy) | 94,948 | $0.00 | -- |
| Exercise | Common Stock | 94,948 | $42.99 | $4.08M |
| Sale | Common Stock | 94,948 | $104.252 | $9.90M |
| Exercise | Nonqualified Stock Option (right to buy) | 162,462 | $0.00 | -- |
| Exercise | Common Stock | 162,462 | $42.99 | $6.98M |
| Sale | Common Stock | 141,033 | $103.8485 | $14.65M |
| Sale | Common Stock | 21,429 | $104.2429 | $2.23M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 67,514 shares (Direct);
Common Stock — 624,294 shares (Indirect, by Family Trust)
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $103.17 to $104.16. 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. This transaction was executed in multiple trades at prices ranging from $104.17 to $104.32. 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. This transaction was executed in multiple trades at prices ranging from $104.25 to $104.28. 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. This information is based on a plan statement as of January 30, 2026. This information is based on a plan statement as of February 1, 2026. Includes 6.9046 shares acquired through dividend reinvestment. 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.
FAQ
What insider activity did SCHW Co-Chair Walter Bettinger report on this Form 4?
Walter W. Bettinger reported option exercises and related stock sales through a family trust. On February 3–4, 2026, nonqualified stock options at $42.99 were exercised and corresponding common shares were sold at weighted average prices just above $103 and $104.
What stock options did Walter Bettinger exercise in the February 2026 SCHW Form 4 filing?
Walter W. Bettinger exercised nonqualified stock options with a $42.99 exercise price. These options covered 162,462 Schwab common shares on February 3, 2026, and 94,948 shares on February 4, 2026, all granted under the company’s 2013 Stock Incentive Plan.