Schwab banking chief exercises options, sells shares
Schwab Charles Corp managing director and Chief Banking Officer Paul V. Woolway exercised stock options and sold shares in pre-planned trades.
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Form Type
4
Rhea-AI Filing Summary
Schwab Charles Corp managing director and Chief Banking Officer Paul V. Woolway exercised stock options and sold shares in pre-planned trades. He exercised options for a total of 15,883 shares of common stock at an exercise price of $52.05 per share on April 14–15, 2026.
On the same dates, 15,883 shares of common stock were sold indirectly by a trust at weighted average prices of $98.0033 and $100.0046 per share under a Rule 10b5-1 trading plan adopted on November 24, 2025. Following these transactions, Woolway holds 25,153 shares directly and additional indirect holdings through a trust, an ESPP account and family accounts.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Woolway Paul V
Role
MD, Chief Banking Officer
Sold
15,883 shs ($1.57M)
Approx. gross sale proceeds
$1.57M
Approx. exercise cost
$827K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonqualified Stock Option (right to buy) | 7,941 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,941 | $52.05 | $413K |
| Sale | Common Stock | 7,941 | $100.0046 | $794K |
| Exercise | Nonqualified Stock Option (right to buy) | 7,942 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,942 | $52.05 | $413K |
| Sale | Common Stock | 7,942 | $98.0033 | $778K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 25,153 shares (Direct);
Common Stock — 29,866.4372 shares (Indirect, by Trust);
Common Stock — 7,500 shares (Indirect, by ESPP);
Common Stock — 1,536.624 shares (Indirect, by Son 1);
Common Stock — 1,536.624 shares (Indirect, by Son 2)
Footnotes (5)
- F1. Reflects the contribution of the shares received upon exercise of the option to a revocable trust.
- F2. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 24, 2025.
- F3. This transaction was executed in multiple trades at prices ranging from $98.00 to $98.025. The price reported reflects the weighted average sale 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.
- F4. This transaction was executed in multiple trades at prices ranging from $100.00 to $100.055. The price reported reflects the weighted average sale 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.
- F5. The option was granted under the company's 2013 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date.
Key Figures
Options exercised: 15,883 shares
Option exercise price: $52.05 per share
Shares sold: 15,883 shares
+5 more
8 metrics
Options exercised
15,883 shares
Total nonqualified stock options exercised on April 14–15, 2026
Option exercise price
$52.05 per share
Exercise price for nonqualified stock options
Shares sold
15,883 shares
Common stock sold indirectly by trust
Sale price range 1
$98.0033 per share
Weighted average price for April 14, 2026 sale
Sale price range 2
$100.0046 per share
Weighted average price for April 15, 2026 sale
Direct holdings after
25,153 shares
Direct SCHW common stock owned after transactions
Trust holdings after
29,866.4372 shares
Indirect SCHW shares held by trust after transactions
ESPP holdings after
7,500 shares
Indirect SCHW shares held by ESPP account
Key Terms
Nonqualified Stock Option, Rule 10b5-1 trading plan, revocable trust, weighted average sale price, +1 more
5 terms
Nonqualified Stock Option financial
"security_title: "Nonqualified Stock Option (right to buy)""
A nonqualified stock option (NQSO) is a company grant that gives an individual the right to buy shares at a set price but does not meet special tax rules for incentive stock options; when exercised the difference between the market price and the exercise price is treated as ordinary income for the recipient and as a tax-deductible expense for the company. It matters to investors because NQSOs affect an employee’s after-tax proceeds, the company’s reported expenses, and potential share dilution—think of it like a cash bonus that converts into stock but is taxed as regular pay when you take it.
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
revocable trust financial
"Reflects the contribution of the shares received upon exercise of the option to a revocable trust."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
weighted average sale price financial
"The price reported reflects the weighted average sale price."
2013 Stock Incentive Plan financial
"The option was granted under the company's 2013 Stock Incentive Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SCHW executive Paul V. Woolway do in this Form 4 filing?
Paul V. Woolway exercised stock options and sold shares of SCHW. He exercised options for 15,883 shares at $52.05 and those shares were then sold indirectly by a trust at prices near $98–$100 per share under a Rule 10b5-1 plan.
What option exercise activity did SCHW’s Paul V. Woolway report?
Woolway reported exercising 15,883 nonqualified stock options to acquire SCHW common stock at an exercise price of $52.05 per share. These options were granted under the company’s 2013 Stock Incentive Plan and had originally vested in four equal annual installments.
How are the trust and family SCHW holdings attributed in this Form 4?
The filing classifies certain positions as indirect ownership. Shares are noted as held “by Trust,” “by ESPP,” and “by Son 1” and “by Son 2,” indicating these accounts or persons hold the shares while still being reportable in Woolway’s overall beneficial ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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