Schwab (NYSE: SCHW) director Ruffel granted RSUs and stock options
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Ruffel Charles A.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Nonqualified Stock Option (right to buy) | 3,977 | $0.00 | -- |
| Grant/Award | Common Stock | 1,602 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 3,977 shares (Direct, null);
Common Stock — 11,380.687 shares (Direct, null);
Common Stock — 9,756.761 shares (Indirect, by IRA)
Footnotes (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. Includes 81.9458 shares acquired through dividend reinvestment. Includes 94.6365 shares acquired through dividend reinvestment. Includes 34.2188 shares acquired through dividend reinvestment. 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
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.