Schwab exec sells 3,177 shares at $108.12
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Form Type
4
Rhea-AI Filing Summary
SCHWAB CHARLES CORP (SCHW) reported that officer Neesha Hathi, MD, Head Wealth Adv, Bnk, Tst, exercised a nonqualified stock option for 3,177 shares of common stock at an exercise price of $52.05 per share, originally granted under the company’s 2013 Stock Incentive Plan. The acquired shares were contributed to a trust and, on the same date, that trust sold 3,177 shares of common stock at a weighted average price of $108.1201 per share in multiple trades between $107.805 and $108.725. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 29, 2026.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Hathi Neesha
Role
MD, Head Wealth Adv, Bnk, Tst
Sold
3,177 shs ($343K)
Approx. gross sale proceeds
$343K
Approx. exercise cost
$165K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonqualified Stock Option (right to buy) F4 | 3,177 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,177 | $52.05 | $165K |
| Sale | Common Stock F2, F3, F1 | 3,177 | $108.1201 | $343K |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 3,177 contracts (Direct);
Common Stock — 0 shares (Direct);
Common Stock — 0 shares (Indirect, by Trust)
Footnotes (4)
- F1. Reflects the contribution of the shares received upon exercise of the option to a trust.
- F2. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-l trading plan adopted by the reporting person on May 29, 2026.
- F3. This transaction was executed in multiple trades at prices ranging from $107.805 to $108.725. 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 affected.
- F4. 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
Option exercise shares: 3,177 shares
Option exercise price: $52.05 per share
Shares sold: 3,177 shares
+3 more
6 metrics
Option exercise shares
3,177 shares
Shares acquired on exercise of nonqualified stock option on August 28, 2026
Option exercise price
$52.05 per share
Exercise price of nonqualified stock option granted under 2013 Stock Incentive Plan
Shares sold
3,177 shares
Common stock sold indirectly by trust on August 28, 2026
Weighted average sale price
$108.1201 per share
Weighted average price for sales executed between $107.805 and $108.725
Option expiration date
March 1, 2028
Expiration of nonqualified stock option exercised for 3,177 shares
Rule 10b5-1 plan adoption date
May 29, 2026
Date reporting person adopted trading plan used for the reported sales
Key Terms
Nonqualified Stock Option, Rule 10b5-l trading plan, weighted average sale price, 2013 Stock Incentive Plan, +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-l trading plan regulatory
"sales reported in this Form 4 were effected pursuant to a Rule 10b5-l trading plan"
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"
indirect financial
"direct_or_indirect: "I" with nature_of_ownership "by Trust""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SCHW officer Neesha Hathi report on this Form 4 for SCHW?
Neesha Hathi reported exercising a nonqualified stock option for 3,177 shares of SCHW common stock at $52.05 per share and the subsequent sale of 3,177 shares of common stock at a weighted average price of $108.1201 per share on August 28, 2026.
What type of derivative security did the SCHW Form 4 transaction involve?
The transaction involved a Nonqualified Stock Option (right to buy) covering 3,177 shares of SCHW common stock, granted under the company’s 2013 Stock Incentive Plan with an exercise price of $52.05 per share and an expiration date of March 1, 2028.
Were Neesha Hathi’s SCHW stock sales made under a Rule 10b5-1 trading plan?
Yes. A footnote states the SCHW sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 29, 2026, indicating the trades were pre-arranged under that plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
