Charles Schwab (NYSE: SCHW) exec withholds 1,292 shares for taxes

Rhea-AI Filing Summary

SCHWAB CHARLES CORP executive Howard Dennis, MD, Chief Tech, OPS & Data Officer, reported a tax-withholding disposition of 1,292 shares of common stock on August 1, 2026. Shares were withheld to cover taxes upon settlement of restricted stock units at $104.8675 per share, leaving 9,178 shares held directly.

Insider Trade Summary

Net Seller: 1,292 shares

Net Sell 1 txn

Insider Howard Dennis

Role MD, Chief Tech, OPS & Data Off

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	1,292	$104.8675	$135K

Holdings After Transaction: Common Stock — 9,178 shares (Direct)

Footnotes (1)

1. F1. Shares withheld for taxes upon the settlement of restricted stock units granted to the reporting person.

Key Figures

Shares withheld for taxes: 1,292 shares Average price per share: $104.8675 per share Shares owned after transaction: 9,178 shares

3 metrics

Shares withheld for taxes 1,292 shares Common stock withheld to satisfy tax liability on RSU settlement on 2026-08-01

Average price per share $104.8675 per share Valuation used for the tax-withholding disposition of 1,292 shares

Shares owned after transaction 9,178 shares Directly held Charles Schwab common stock following the reported disposition

Key Terms

restricted stock units, tax liability, withholding securities

3 terms

restricted stock units financial

"upon the settlement of restricted stock units granted to the reporting person"

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.

tax liability financial

"Payment of tax liability by delivering or withholding securities"

withholding securities financial

"Payment of tax liability by delivering or withholding securities"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/04/2026 - 07:34 PM Accepted by SEC EDGAR 08/04/2026 - 07:34 PM Learn about SEC filing dates

FAQ

What insider transaction did SCHW executive Howard Dennis report?

Howard Dennis reported a tax-withholding disposition of Charles Schwab common stock. The company withheld shares to satisfy his tax obligations arising from the settlement of restricted stock units, rather than through an open-market purchase or sale transaction.

How many Charles Schwab (SCHW) shares were withheld for taxes?

The transaction involved 1,292 shares of Charles Schwab common stock withheld for taxes. These shares were retained by the company to cover the reporting person’s tax liability when previously granted restricted stock units settled.

At what price were the SCHW shares valued for the tax withholding?

The withheld shares were valued at an average of $104.8675 per share. This per-share value is used solely for determining the tax-withholding amount related to the settlement of restricted stock units granted to the reporting person.

How many SCHW shares does Howard Dennis own after this transaction?

Following the tax-withholding disposition, Howard Dennis directly owns 9,178 shares of Charles Schwab common stock. This figure reflects his reported direct holdings immediately after the company withheld shares to satisfy his associated tax obligations.

Did the SCHW insider transaction involve open-market buying or selling?

No, the reported activity was a tax-withholding disposition, not an open-market trade. Shares were withheld by the issuer to pay tax liabilities on restricted stock unit settlement, consistent with the Form 4’s code F description and related footnote.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Howard Dennis

(Last) (First) (Middle)

3000 SCHWAB WAY

(Street)

WESTLAKE TEXAS 76262

(City) (State) (Zip)

UNITED STATES

(Country)

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

5. 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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/01/2026		F(1)		1,292	D	$104.8675	9,178	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld for taxes upon the settlement of restricted stock units granted to the reporting person.

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	08/04/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)