Schwab (SCHW) director receives new RSU and stock option awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schwab Charles Corp director Paula A. Sneed reported new equity awards in company stock. She received a grant of 1,602 shares of Common Stock in the form of restricted stock units under the company’s 2022 Stock Incentive Plan. These units vest 25% on the first and second anniversaries of the grant date and 50% on the third anniversary.
She 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. After these awards, she directly holds 9,675 shares of Common Stock and indirectly holds 96,974.1605 shares through a trust. These transactions are compensation-related grants rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
SNEED PAULA 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 | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 3,977 shares (Direct, null);
Common Stock — 9,675 shares (Direct, null);
Common Stock — 96,974.161 shares (Indirect, by Trust)
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. 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
Restricted stock units granted: 1,602 shares
Stock option shares granted: 3,977 shares
Option exercise price: $89.40 per share
+3 more
6 metrics
Restricted stock units granted
1,602 shares
Common Stock RSU grant under 2022 Stock Incentive Plan
Stock option shares granted
3,977 shares
Nonqualified stock option covering common shares
Option exercise price
$89.40 per share
Nonqualified stock option strike price
Option expiration date
May 26, 2036
Nonqualified stock option term end
Direct shares after awards
9,675 shares
Common Stock directly held following transactions
Indirect trust holdings
96,974.1605 shares
Common Stock held indirectly by trust
Key Terms
restricted stock units, 2022 Stock Incentive Plan, Nonqualified Stock Option (right to buy), vest, +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
"security_title": "Nonqualified Stock Option (right to buy)""
vest financial
"and vest 25% on the first and second anniversary of the grant date and 50% on the third anniversary of the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant/award acquisition financial
"transaction_action": "grant/award acquisition""
FAQ
What equity awards did Paula A. Sneed receive from SCHW on this Form 4?
Paula A. Sneed received 1,602 restricted stock units and a nonqualified stock option for 3,977 shares of Charles Schwab common stock. Both awards were granted under the 2022 Stock Incentive Plan as part of her director compensation, not open-market transactions.
How do Paula A. Sneed’s new SCHW restricted stock units vest?
The 1,602 restricted stock units vest 25% on the first anniversary, 25% on the second anniversary, and 50% on the third anniversary of the grant date. This multi-year schedule encourages longer-term alignment between the director’s interests and company performance.
What are the key terms of Paula A. Sneed’s new SCHW stock option grant?
She received a nonqualified stock option for 3,977 shares of common stock with an exercise price of $89.40 per share. The option vests 25% after one year, 25% after two years, and 50% after three years, and expires on May 26, 2036.
Are Paula A. Sneed’s SCHW transactions open-market buys or sales?
The reported transactions are compensation-related grants, not market trades. They include restricted stock units and a nonqualified stock option granted at no cash cost per share under the 2022 Stock Incentive Plan, rather than purchases or sales on the open market.