Schwab (NYSE: SCHW) tech chief gets options, PBRSU vesting and tax withholding

Rhea-AI Filing Summary

Charles Schwab Corporation executive Dennis Howard reported equity awards and related tax withholding. He received 42,458 nonqualified stock options on March 2, 2026 at an exercise price of $0.00, which vest in four equal annual installments starting one year after the grant date.

On March 1, 2026, he acquired 16,312 shares of common stock upon vesting of performance-based restricted stock units tied to a three-year performance period ending December 31, 2025. The company withheld 6,204 shares at $95.305 per share to cover tax obligations, leaving him with 20,578 common shares held directly after these transactions.

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

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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 TX 76262

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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

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

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

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	03/01/2026		A(1)		16,312	A	$0	26,782	D
Common Stock	03/01/2026		F(2)		6,204	D	$95.305	20,578	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
Nonqualified Stock Option (right to buy)	$95.49	03/02/2026		A		42,458		(3)	03/02/2036	Common Stock	42,458	$0	42,458	D

Explanation of Responses:

1. Shares acquired on the vesting of performance-based restricted stock units ("PBRSUs") granted under the company's 2022 Stock Incentive Plan, reflecting the achievement by the reporting person of the performance goal over a three-year performance period ended December 31, 2025.

2. The company withheld shares of common stock from the reporting person to pay the tax withholding obligations related to the vesting of the PBRSUs.

3. The option was granted under the company's 2022 Stock Incentive Plan and vests in four equal annual installments beginning on the first anniversary of the grant date.

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What equity awards did SCHW executive Dennis Howard receive in this Form 4?

Dennis Howard received a grant of 42,458 nonqualified stock options at an exercise price of $0.00 per share and 16,312 shares of common stock from vested performance-based restricted stock units tied to a three-year performance period.

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

The company withheld 6,204 shares of common stock from Dennis Howard to satisfy tax withholding obligations related to the vesting of performance-based restricted stock units, using a price of $95.305 per share for this tax-withholding disposition.

What is the vesting schedule for Dennis Howard’s new SCHW stock options?

The 42,458 nonqualified stock options granted to Dennis Howard under the 2022 Stock Incentive Plan vest in four equal annual installments, beginning on the first anniversary of the March 2, 2026 grant date, subject to the plan’s terms and conditions.

What performance period applied to the SCHW PBRSUs that vested for Dennis Howard?

The performance-based restricted stock units that vested for Dennis Howard were tied to achievement of a performance goal over a three-year performance period ending on December 31, 2025, as specified under Charles Schwab’s 2022 Stock Incentive Plan.

How many SCHW common shares does Dennis Howard hold after these transactions?

Following the reported award vesting and tax withholding, Dennis Howard directly holds 20,578 shares of Charles Schwab common stock, as shown by the post-transaction ownership figure in the Form 4 for the non-derivative common stock line.

Are the SCHW transactions in this Form 4 open-market buys or sells?

The filing shows awards and tax withholding, not open-market trades. Shares were acquired through vesting of performance-based restricted stock units, and 6,204 shares were disposed of solely to cover tax liabilities at $95.305 per share.