Schwab (SCHW) Co-Chair Bettinger logs RSU vesting, option grant and tax share withholding

Rhea-AI Filing Summary

Charles Schwab Co-Chairman Walter W. Bettinger reported equity compensation transactions involving common stock and options. On March 1, 2026, he acquired 141,757 shares of common stock at $0.0000 per share through the vesting of performance-based restricted stock units tied to a three-year performance period ending December 31, 2025. On the same date, the company withheld 60,743 shares of common stock at $95.3050 per share to cover related tax obligations, a tax-withholding disposition rather than an open-market sale, leaving 81,014 shares of this award directly owned afterward. On March 2, 2026, he received a nonqualified stock option for 42,113 shares at an exercise price of $0.0000, scheduled to vest in four equal annual installments beginning on the first anniversary of the grant date. The filing also lists indirect common stock holdings through a family trust, ESOP, ESPP, and a trust where his spouse serves as trustee.

Insights

Executive compensation analyst

Standard equity compensation grants and related tax withholding, with no open-market buying or selling.

The transactions show Walter W. Bettinger receiving equity under Charles Schwab’s 2022 Stock Incentive Plan. He acquired 141,757 common shares via performance-based RSU vesting after a three-year performance period and a 42,113-share nonqualified stock option grant.

A portion of the vested shares, 60,743, was disposed of solely to satisfy tax withholding at $95.3050 per share, which is typical for equity awards and not an open-market sale. Remaining directly held shares from this award total 81,014. The filing also details indirect holdings via a family trust, ESOP, ESPP, and a trust where his spouse is trustee.

These actions represent routine executive compensation and tax settlement rather than discretionary buying or selling. Subsequent company filings may provide additional context on future equity awards or changes in executive share ownership.

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^*

Bettinger Walter W

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Chairman

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)		141,757	A	$0	141,757	D
Common Stock	03/01/2026		F(2)		60,743	D	$95.305	81,014	D
Common Stock								529,346	I	by Family Trust
Common Stock								6,684.414	I	by ESOP
Common Stock								4,332	I	by ESPP
Common Stock								176.1192	I	by Spouse, as Trustee

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		42,113		(3)	03/02/2036	Common Stock	42,113	$0	42,113	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
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