Schwab director receives new stock and option awards
Stephen A. Ellis, a director of Charles Schwab, received new equity awards.
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Form Type
4
Rhea-AI Filing Summary
Stephen A. Ellis, a director of Charles Schwab, received new equity awards. He was granted 1,602 shares of Common Stock as restricted stock units at no cash cost and options on 3,977 shares with a $89.40 exercise price. Both awards were granted under the company’s 2022 Stock Incentive Plan and vest 25% on the first and second anniversaries of the grant date and 50% on the third. After these grants, Ellis directly holds 8,262 Common shares and indirectly holds 98,917.6963 shares through a trust, which includes shares acquired through dividend reinvestment.
Insider Trade Summary
Grant/Award: 5,579 shares
Grant/Award
3 txns
Insider
Ellis Stephen A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Nonqualified Stock Option (right to buy) | 3,977 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 1,602 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 3,977 contracts (Direct);
Common Stock — 8,262 shares (Direct);
Common Stock — 98,917.6963 shares (Indirect, by Trust)
Footnotes (3)
- F1. The reported transaction constitutes a grant of restricted stock units, which were granted under the company's 2022 Stock Incentive Plan and vest 25% on the first and second anniversary of the grant date and 50% on the third anniversary of the grant date.
- F2. Includes shares acquired through dividend reinvestment.
- F3. The option was granted under the company's 2022 Stock Incentive Plan and vests 25% on the first and second anniversary of the grant date and 50% on the third anniversary of the grant date
Key Figures
RSU grant: 1,602 shares
Option grant size: 3,977 shares
Option exercise price: $89.40/share
+3 more
6 metrics
RSU grant
1,602 shares
Restricted stock units granted on May 26, 2026
Option grant size
3,977 shares
Nonqualified stock option granted on May 26, 2026
Option exercise price
$89.40/share
Exercise price for nonqualified stock option
Option expiration
May 26, 2036
Expiration date of nonqualified stock option
Direct holdings after grant
8,262 shares
Common stock directly owned following the transactions
Indirect trust holdings
98,917.6963 shares
Common stock held indirectly by trust, includes dividend reinvestment
Key Terms
restricted stock units, 2022 Stock Incentive Plan, nonqualified stock option, dividend reinvestment, +1 more
5 terms
restricted stock units financial
"The reported transaction constitutes a grant of restricted stock units, which were granted under the company's 2022 Stock Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2022 Stock Incentive Plan financial
"were granted under the company's 2022 Stock Incentive Plan and vest 25% on the first and second anniversary"
nonqualified stock option financial
"The option was granted under the company's 2022 Stock Incentive Plan and vests 25% on the first and second anniversary"
A nonqualified stock option (NQSO) is a company grant that gives an individual the right to buy shares at a set price but does not meet special tax rules for incentive stock options; when exercised the difference between the market price and the exercise price is treated as ordinary income for the recipient and as a tax-deductible expense for the company. It matters to investors because NQSOs affect an employee’s after-tax proceeds, the company’s reported expenses, and potential share dilution—think of it like a cash bonus that converts into stock but is taxed as regular pay when you take it.
dividend reinvestment financial
"Includes shares acquired through dividend reinvestment."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
indirect ownership by Trust financial
"total_shares_following_transaction: 98917.6963, direct_or_indirect: I, nature_of_ownership: by Trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did SCHW director Stephen A. Ellis receive?
Stephen A. Ellis received 1,602 restricted stock units and a nonqualified stock option for 3,977 shares at a $89.40 exercise price. Both awards were granted under Charles Schwab’s 2022 Stock Incentive Plan with multi-year vesting.
How do Stephen A. Ellis’s new SCHW restricted stock units vest?
The 1,602 restricted stock units vest 25% on the first anniversary, 25% on the second, and 50% on the third anniversary of the grant date. This three-year schedule ties compensation to longer-term company performance and retention.
What are the terms of Stephen A. Ellis’s new SCHW stock options?
Ellis received a nonqualified stock option for 3,977 shares of Charles Schwab common stock with a $89.40 exercise price. The option vests 25% on the first and second anniversaries and 50% on the third, and expires on May 26, 2036.
Are Stephen A. Ellis’s SCHW holdings direct or through a trust?
Ellis holds 8,262 Charles Schwab shares directly in his own name. He also has 98,917.6963 shares held indirectly by a trust, which includes stock accumulated through the company’s dividend reinvestment feature as noted in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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