Schwab (SCHW) CEO boosts stake with 21,959-share open-market buy

Rhea-AI Filing Summary

Schwab Charles Corp President & CEO Richard A. Wurster purchased 21,959 shares of common stock in an open-market transaction. The shares were bought on May 28, 2026 at a weighted average price of $84.2257 per share.

Following this purchase, Wurster directly holds 218,409 common shares. A separate entry shows indirect ownership of 4,595 shares held by ESPP, reflecting shares acquired through an employee stock purchase arrangement. The filing notes the buy was executed in multiple trades between $84.04 and $84.51 per share.

Insider Trade Summary

Net Buyer: 21,959 shares ($1,849,512)

Net Buy 2 txns

Insider Wurster Richard A

Role President & CEO

Bought 21,959 shs ($1.85M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	21,959	$84.2257	$1.85M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 218,409 shares (Direct, null); Common Stock — 4,595 shares (Indirect, by ESPP)

Footnotes (1)

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Key Figures

Shares purchased: 21,959 shares Weighted average purchase price: $84.2257 per share Trade price range: $84.04–$84.51 per share +2 more

5 metrics

Shares purchased 21,959 shares Open-market purchase on May 28, 2026

Weighted average purchase price $84.2257 per share Common stock open-market buy

Trade price range $84.04–$84.51 per share Multiple executions for the same purchase

Direct holdings after transaction 218,409 shares Common stock owned directly by CEO after purchase

Indirect ESPP holdings 4,595 shares Common stock held indirectly by ESPP

Key Terms

open-market purchase, weighted average purchase price, ESPP, indirect ownership

4 terms

open-market purchase financial

"The transaction is described as an open-market purchase of 21,959 shares."

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

weighted average purchase price financial

"The price reported reflects the weighted average purchase price."

The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.

ESPP financial

"A separate entry shows indirect ownership of 4,595 shares held by ESPP."

An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.

indirect ownership financial

"The filing lists an additional 4,595 shares as indirect ownership by ESPP."

Form 4 Insider Transactions: What Each Field Means →

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^*

Wurster Richard 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
X	Officer (give title below)		Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

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	05/28/2026		P		21,959	A	$84.2257(1)	218,409	D
Common Stock								4,595	I	by ESPP

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

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $84.04 to $84.51. The price reported reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

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)

FAQ

What insider transaction did Schwab (SCHW) CEO Richard Wurster report?

Richard A. Wurster reported buying 21,959 Schwab common shares in the open market. The purchase occurred on May 28, 2026 at a weighted average price of $84.2257 per share, increasing his directly held stake to 218,409 shares.

At what price did the Schwab (SCHW) CEO buy the 21,959 shares?

The CEO bought 21,959 Schwab shares at a weighted average price of $84.2257. A footnote explains the trade was executed in multiple lots, with individual prices ranging from $84.04 to $84.51 per share, all on May 28, 2026.

How many Schwab (SCHW) shares does CEO Richard Wurster own after this Form 4?

After the reported transaction, Richard Wurster directly owns 218,409 Schwab common shares. The filing also lists an additional 4,595 shares held indirectly by ESPP, reflecting ownership through an employee stock purchase-related account.

Was the Schwab (SCHW) CEO’s Form 4 trade an open-market purchase?

Yes, the Form 4 classifies the CEO’s transaction as an open-market purchase. The filing specifies transaction code P, described as a purchase in an open market or private transaction, with 21,959 shares acquired at a weighted average price of $84.2257.

What does the indirect Schwab (SCHW) holding by ESPP mean for the CEO?

The Form 4 shows 4,595 Schwab shares held indirectly by ESPP for the CEO. This indicates a separate ownership line, typically associated with an employee stock purchase arrangement, in addition to his 218,409 directly owned common shares after the reported purchase.