Schwab (SCHW) Co-Chairman Bettinger exercises option and sells 67,514 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Charles Schwab Co-Chairman Walter W. Bettinger reported option exercises and related share sales on February 6, 2026. A nonqualified stock option to buy 67,514 shares at $42.99 per share was exercised and fully exhausted.
The same 67,514 shares of common stock, held indirectly through a family trust, were sold at a weighted average price of $104.2521, leaving the trust with 529,346 shares. Additional indirect holdings include shares held through an ESPP, ESOP, and by the spouse, including as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 67,514 shares ($7,038,476)
Net Sell
7 txns
Insider
Bettinger Walter W
Role
Co-Chairman
Sold
67,514 shs ($7.04M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonqualified Stock Option (right to buy) | 67,514 | $0.00 | -- |
| Exercise | Common Stock | 67,514 | $42.99 | $2.90M |
| Sale | Common Stock | 67,514 | $104.2521 | $7.04M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 596,860 shares (Indirect, by Family Trust)
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $104.25 to $104.315. 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. The option was granted under the company's 2013 Stock Incentive Plan and vests in four equal annual installments beginning on the first anniversary of the grant date.
FAQ
What insider transaction did SCHW Co-Chairman Walter W. Bettinger report on February 6, 2026?
Walter W. Bettinger reported exercising a nonqualified stock option for 67,514 Charles Schwab shares and selling the same 67,514 shares. The option had a $42.99 exercise price, and the shares were sold at a weighted average price of $104.2521.
What happened to Walter W. Bettinger’s stock options in this SCHW Form 4 filing?
A nonqualified stock option covering 67,514 Charles Schwab shares was exercised at $42.99 per share and then fully exhausted. Following the transaction, the reported number of derivative securities from that option series was reduced to zero, indicating no remaining options of that specific grant.
What other indirect Charles Schwab (SCHW) holdings are reported for Walter W. Bettinger?
In addition to the family trust position, indirect SCHW holdings include 4,332 shares via an ESPP, 6,684.414 shares via an ESOP, 2,386.6803 shares held by his spouse, and 176.1192 shares held by his spouse as trustee, all reported as indirect ownership.
Under which plan was Walter W. Bettinger’s exercised SCHW stock option originally granted?
The exercised nonqualified stock option was granted under Charles Schwab’s 2013 Stock Incentive Plan. It vested in four equal annual installments beginning on the first anniversary of the grant date, as described in the Form 4 footnote explaining the option’s vesting terms.