Schwab director granted RSUs and stock options

Charles Schwab Corporation director Charles A. Ruffel reported equity compensation awards rather than open-market trades.

Rhea-AI Filing Summary

Charles Schwab Corporation director Charles A. Ruffel reported equity compensation awards rather than open-market trades. He received a grant of restricted stock units representing 1,602 shares of Common Stock at a stated price of $0.00 per share.

The RSUs were granted under the company’s 2022 Stock Incentive Plan and vest 25% on each of the first and second anniversaries of the grant date and 50% on the third anniversary. Following this award, his direct Common Stock holdings reported in this entry total 11,380.6867 shares.

Ruffel was also granted a Nonqualified Stock Option covering 3,977 shares of Common Stock at an exercise price of $89.40 per share, expiring on May 26, 2036, with the same 25/25/50 vesting schedule. Indirect holdings include 3,527.8656 shares held by a 401(k) account and 9,756.7612 shares held by an IRA, which incorporate shares acquired through dividend reinvestment.

Insider Trade Summary

Grant/Award: 5,579 shares

Grant/Award 4 txns

Insider Ruffel Charles A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Nonqualified Stock Option (right to buy)	3,977	$0.00	$0.00
Grant/Award	Common Stock	1,602	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Nonqualified Stock Option (right to buy) — 3,977 contracts (Direct); Common Stock — 11,380.6867 shares (Direct); Common Stock — 9,756.7612 shares (Indirect, by IRA); Common Stock — 3,527.8656 shares (Indirect, by 401(k))

Footnotes (5)

1. F1. The reported transaction constitutes a grant of restricted stock units, which were granted under the company's 2022 Stock Incentive Plan and vest 25% on the first and second anniversary of the grant date and 50% on the third anniversary of the grant date.
2. F2. Includes 81.9458 shares acquired through dividend reinvestment.
3. F3. Includes 94.6365 shares acquired through dividend reinvestment.
4. F4. Includes 34.2188 shares acquired through dividend reinvestment.
5. F5. The option was granted under the company's 2022 Stock Incentive Plan and vests 25% on the first and second anniversary of the grant date and 50% on the third anniversary of the grant date

Key Figures

RSU grant size: 1,602 shares Option grant size: 3,977 shares Option exercise price: $89.40/share +5 more

8 metrics

RSU grant size 1,602 shares Restricted stock units granted as Common Stock on May 26, 2026

Option grant size 3,977 shares Nonqualified Stock Option covering Common Stock

Option exercise price $89.40/share Exercise price for Nonqualified Stock Option

Option expiration May 26, 2036 Expiration date of Nonqualified Stock Option grant

Direct holdings after grant 11,380.6867 shares Common Stock directly held following RSU grant

401(k) indirect holdings 3,527.8656 shares Common Stock held indirectly by 401(k) account

IRA indirect holdings 9,756.7612 shares Common Stock held indirectly by IRA, includes dividend reinvestment

RSU vesting pattern 25%/25%/50% RSUs and options vest over first, second, and third anniversaries

Key Terms

restricted stock units, 2022 Stock Incentive Plan, Nonqualified Stock Option (right to buy), dividend reinvestment, +1 more

5 terms

restricted stock units financial

"The reported transaction constitutes a grant of restricted stock units, which were granted under the company's 2022 Stock Incentive Plan"

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.

2022 Stock Incentive Plan financial

"which were granted under the company's 2022 Stock Incentive Plan and vest 25% on the first and second anniversary"

Nonqualified Stock Option (right to buy) financial

"Nonqualified Stock Option (right to buy)"

dividend reinvestment financial

"Includes 81.9458 shares acquired through dividend reinvestment."

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

indirect financial

"ownership_type: indirect, nature_of_ownership: by 401(k)"

FAQ

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

What equity awards did SCHW director Charles A. Ruffel receive in this Form 4?

Charles A. Ruffel received a grant of 1,602 restricted stock units and a Nonqualified Stock Option for 3,977 shares at an $89.40 exercise price. Both awards were issued under Schwab’s 2022 Stock Incentive Plan with multi-year vesting.

How do the new SCHW restricted stock units for Charles A. Ruffel vest?

Ruffel’s 1,602 restricted stock units vest over three years: 25% on the first anniversary of the grant date, 25% on the second, and the remaining 50% on the third. This schedule aligns compensation with longer-term company performance.

What are the key terms of Charles A. Ruffel’s new SCHW stock options?

Ruffel was granted Nonqualified Stock Options on 3,977 shares of Common Stock at an $89.40 exercise price, expiring May 26, 2036. The options vest 25% on the first and second anniversaries and 50% on the third anniversary of the grant date.

Are the SCHW transactions by Charles A. Ruffel open-market buys or compensation grants?

The reported SCHW transactions are compensation-related grants, not open-market purchases or sales. They include restricted stock units and Nonqualified Stock Options granted at a stated price of $0.00 under the company’s 2022 Stock Incentive Plan with time-based vesting.

What SCHW share holdings does Charles A. Ruffel report after these grants?

After the equity grants, Ruffel reports 11,380.6867 shares of Common Stock held directly. He also reports indirect holdings of 3,527.8656 shares via a 401(k) and 9,756.7612 shares via an IRA, with portions attributed to dividend reinvestment.

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

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Accepted by SEC EDGAR 05/28/2026 - 06:29 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^*

Ruffel Charles A.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

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	05/26/2026		A		1,602(1)	A	$0	11,380.6867(2)	D
Common Stock								9,756.7612(3)	I	by IRA
Common Stock								3,527.8656(4)	I	by 401(k)

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)	$89.4	05/26/2026		A		3,977		(5)	05/26/2036	Common Stock	3,977	$0	3,977	D

Explanation of Responses:

1. The reported transaction constitutes a grant of restricted stock units, which were granted under the company's 2022 Stock Incentive Plan and vest 25% on the first and second anniversary of the grant date and 50% on the third anniversary of the grant date.

2. Includes 81.9458 shares acquired through dividend reinvestment.

3. Includes 94.6365 shares acquired through dividend reinvestment.

4. Includes 34.2188 shares acquired through dividend reinvestment.

5. The option was granted under the company's 2022 Stock Incentive Plan and vests 25% on the first and second anniversary of the grant date and 50% on the third anniversary of the grant date

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	05/28/2026
	** 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)