Schwab CFO has 6,519 shares withheld for taxes

Charles Schwab CFO Michael D. Verdeschi reported a routine tax-related share disposition.

Rhea-AI Filing Summary

Charles Schwab CFO Michael D. Verdeschi reported a routine tax-related share disposition. On settlement of previously granted restricted stock units, 6,519 shares of common stock were withheld to cover tax obligations at a price of $87.42 per share. These shares were not sold in the open market but used to pay taxes due on equity compensation. After this withholding, Verdeschi directly holds 47,442 shares of Charles Schwab common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 6,519 shares

Exercise Price or Tax Liability 1 txn

Insider Verdeschi Michael D

Role CFO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	6,519	$87.42	$570K

Holdings After Transaction: Common Stock — 47,442 shares (Direct)

Footnotes (1)

1. F1. Shares withheld for taxes upon the settlement of restricted stock units granted to the reporting person on June 3, 2024.

Key Figures

Tax-withheld shares: 6,519 shares Reference price per share: $87.42 per share Shares held after transaction: 47,442 shares

3 metrics

Tax-withheld shares 6,519 shares Withheld for taxes on RSU settlement

Reference price per share $87.42 per share Value used for tax-withholding disposition

Shares held after transaction 47,442 shares Direct holdings after tax withholding

Key Terms

restricted stock units, tax-withholding disposition, Form 4

3 terms

restricted stock units financial

"restricted stock units granted to the reporting person on June 3, 2024"

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-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SCHW CFO Michael Verdeschi report on this Form 4?

Charles Schwab CFO Michael Verdeschi reported a tax-related share disposition. 6,519 common shares were withheld to cover taxes upon settlement of restricted stock units, rather than being sold on the open market.

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

The filing shows 6,519 shares of Charles Schwab common stock were withheld. These shares covered tax liabilities tied to restricted stock units, using a reference price of $87.42 per share for the withholding.

Does the SCHW Form 4 show an open-market sale by the CFO?

The Form 4 does not show an open-market sale. It reports a tax‑withholding disposition, where 6,519 shares were withheld by the company to satisfy tax obligations on equity compensation, a common administrative transaction.

How many SCHW shares does CFO Michael Verdeschi hold after this tax withholding?

After the tax withholding transaction, CFO Michael Verdeschi directly holds 47,442 shares of Charles Schwab common stock. This figure reflects his remaining position following the 6,519 shares withheld for taxes.

What triggered the tax-withholding transaction reported for SCHW’s CFO?

The transaction was triggered by the settlement of restricted stock units granted to the CFO on June 3, 2024. When those units settled, 6,519 shares were withheld to cover the related tax liabilities.

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

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Accepted by SEC EDGAR 06/04/2026 - 06:01 PM EDT Learn about SEC filing dates

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^*

Verdeschi Michael D

(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)
	CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026

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	06/03/2026		F		6,519(1)	D	$87.42	47,442	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 on June 3, 2024.

Remarks:

	/s/ P. Blake Allen, Attorney-in-Fact	06/04/2026
	** 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)