Charles Schwab (SCHW) reports PBRSU vesting, tax withholding and options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Charles Schwab Corp director and Co-Chairman Charles R. Schwab reported equity compensation activity. He acquired 38,838 shares of common stock upon vesting of performance-based restricted stock units tied to a three-year performance period ending December 31, 2025.
The company withheld 15,283 shares at $95.305 per share to cover tax obligations related to this vesting. Schwab also received a grant of 72,489 nonqualified stock options, which vest in four equal annual installments starting on the first anniversary of the grant date. The filing also lists large indirect common stock holdings through a trust, a limited partnership, a corporation, and a trust where his spouse serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Schwab Charles R.
Role
Co-Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Nonqualified Stock Option (right to buy) | 72,489 | $0.00 | -- |
| Grant/Award | Common Stock | 38,838 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,283 | $95.305 | $1.46M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 72,489 shares (Direct);
Common Stock — 38,838 shares (Direct);
Common Stock — 55,746,284 shares (Indirect, by Trust)
Footnotes (1)
- Shares acquired on the vesting of performance-based restricted stock units ("PBRSUs") granted under the company's 2022 Stock Incentive Plan, reflecting the achievement by the reporting person of the performance goal over a three-year performance period ended December 31, 2025. The company withheld shares of common stock from the reporting person to pay the tax withholding obligations related to the vesting of the PBRSUs. Reflects the contribution of the shares acquired on the vesting of and withholding related to the PBRSU's to a living trust. 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.
FAQ
What equity awards did Charles R. Schwab report in this SCHW Form 4?
Charles R. Schwab reported vesting of 38,838 performance-based restricted stock units and a new grant of 72,489 nonqualified stock options. The options were issued under the 2022 Stock Incentive Plan and vest in four equal annual installments beginning one year after the grant date.
What performance period applied to Charles Schwab’s vested PBRSUs in this Form 4?
The vested performance-based restricted stock units were tied to a three-year performance period ending December 31, 2025. The 38,838 acquired shares reflect achievement of the specified performance goal over that period under the 2022 Stock Incentive Plan.
How do the newly granted SCHW stock options for Charles R. Schwab vest?
The 72,489 nonqualified stock options granted to Charles R. Schwab vest in four equal annual installments. The first installment begins on the first anniversary of the grant date, aligning with typical long-term incentive structures under the 2022 Stock Incentive Plan.
What indirect Charles Schwab (SCHW) holdings are reported for Charles R. Schwab?
The Form 4 lists indirect common stock holdings through several entities: a trust, a limited partnership, 188 Corp, and a trust where his spouse serves as trustee. These indirect positions are reported separately from his directly held shares and option awards.