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.
Positive
- None.
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- None.
Insights
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Nonqualified Stock Option (right to buy) | 42,113 | $0.00 | -- |
| Grant/Award | Common Stock | 141,757 | $0.00 | -- |
| Tax Withholding | Common Stock | 60,743 | $95.305 | $5.79M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (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. The company withheld shares of common stock from the reporting person to pay the tax withholding obligations related to the vesting of the PBRSUs. 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.
