Schwab Co-Chair Bettinger exercises options, trust sells stock
Schwab Charles Corp Co-Chairman Walter W. Bettinger exercised 285896 nonqualified stock options at $52.0500 per share on July 27–28, 2026, converting them into an equal number of common shares held indirectly by a family trust.
Rhea-AI Filing Summary
Schwab Charles Corp Co-Chairman Walter W. Bettinger exercised 285896 nonqualified stock options at $52.0500 per share on July 27–28, 2026, converting them into an equal number of common shares held indirectly by a family trust. These options were granted under the company’s 2013 Stock Incentive Plan and carry an expiration date of March 1, 2028.
The family trust then sold 285896 Schwab common shares in open-market transactions, with prices reported as weighted averages and the underlying trades executed in ranges between $103.51 and $105.625 per share. Bettinger also reports indirect holdings through an ESOP, an ESPP and spouse-related accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
12 txns
Insider
Bettinger Walter W
Role
Co-Chairman
Sold
285,896 shs ($29.77M)
Approx. gross sale proceeds
$29.77M
Approx. exercise cost
$14.88M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonqualified Stock Option (right to buy) F8 | 93,408 | $0.00 | $0.00 |
| Exercise | Common Stock | 93,408 | $52.05 | $4.86M |
| Sale | Common Stock F2 | 42,265 | $103.86 | $4.39M |
| Sale | Common Stock F3 | 38,263 | $105.1848 | $4.02M |
| Sale | Common Stock F4 | 12,880 | $105.5636 | $1.36M |
| Exercise | Nonqualified Stock Option (right to buy) F8 | 192,488 | $0.00 | $0.00 |
| Exercise | Common Stock | 192,488 | $52.05 | $10.02M |
| Sale | Common Stock F1 | 192,488 | $103.9022 | $20.00M |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 529,346 shares (Indirect, by Family Trust);
Common Stock — 6,719.976 shares (Indirect, by ESOP);
Common Stock — 4,334 shares (Indirect, by ESPP);
Common Stock — 2,403.0846 shares (Indirect, by Spouse);
Common Stock — 176.1192 shares (Indirect, by Spouse, as Trustee)
Footnotes (8)
- F1. This transaction was executed in multiple trades at prices ranging from $103.61 to $104.27. 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.
- F2. This transaction was executed in multiple trades at prices ranging from $103.51 to $104.50. 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.
- F3. This transaction was executed in multiple trades at prices ranging from $104.51 to $105.50. 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.
- F4. This transaction was executed in multiple trades at prices ranging from $105.51 to $105.625. 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.
- F5. This information is based on a plan statement as of June 30, 2026.
- F6. This information is based on a plan statement as of July 15, 2026.
- F7. Includes 16.4043 shares acquired through dividend reinvestment.
- F8. 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.
Key Figures
Options exercised: 285896 shares
Option exercise price: $52.0500 per share
Shares sold: 285896 shares
+4 more
7 metrics
Options exercised
285896 shares
Nonqualified stock options exercised on July 27–28, 2026
Option exercise price
$52.0500 per share
Conversion or exercise price for nonqualified stock options
Shares sold
285896 shares
Common shares sold indirectly by a family trust on July 27–28, 2026
Sale price range
$103.51–$105.625 per share
Price ranges for multiple open-market sale trades
ESOP holdings
6719.9760 shares
Indirect common stock holdings by ESOP as of June 30, 2026
ESPP holdings
4334.0000 shares
Indirect common stock holdings by ESPP as of July 15, 2026
Spouse holdings
2403.0846 shares
Indirect holdings by spouse, including 16.4043 shares via dividend reinvestment
Key Terms
Nonqualified Stock Option (right to buy), 2013 Stock Incentive Plan, ESOP, ESPP, +1 more
5 terms
Nonqualified Stock Option (right to buy) financial
"Security title listed as Nonqualified Stock Option (right to buy)"
2013 Stock Incentive Plan financial
"The option was granted under the company's 2013 Stock Incentive Plan"
ESOP financial
"Indirect ownership noted as by ESOP with post-transaction holdings"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
ESPP financial
"Indirect ownership noted as by ESPP with post-transaction holdings"
An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.
dividend reinvestment financial
"Includes 16.4043 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Schwab (SCHW) Co-Chair Walter Bettinger report?
Walter W. Bettinger reported exercising 285896 nonqualified stock options at $52.0500 per share and a family trust selling 285896 common shares in open-market transactions, with prices based on weighted averages across multiple trades between $103.51 and $105.625.
How many Schwab (SCHW) options did Walter Bettinger exercise and at what price?
Walter W. Bettinger exercised 285896 nonqualified stock options on July 27–28, 2026. The options carried a conversion or exercise price of $52.0500 per share and were granted under Schwab’s 2013 Stock Incentive Plan, expiring on March 1, 2028.
Were Walter Bettinger’s Schwab (SCHW) trades made under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox is not marked as affirmative for these transactions, and the footnotes do not state that the option exercises or related family trust sales occurred under a Rule 10b5-1 trading plan.
What indirect Schwab (SCHW) holdings does Walter Bettinger report after these trades?
Indirect post-transaction holdings include 6719.9760 shares by ESOP, 4334.0000 shares by ESPP, 2403.0846 shares by spouse (including 16.4043 via dividend reinvestment) and 176.1192 shares held by spouse as trustee, in addition to family trust positions.
How are Walter Bettinger’s Schwab (SCHW) sales attributed in this Form 4?
All reported sales of Schwab common stock are attributed to indirect ownership "by Family Trust". The Form 4 lists Walter W. Bettinger as the reporting person, but the selling holder in each sale transaction is that family trust entity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
