Schwab co-chair exercises options, sells 74K shares
Rhea-AI Filing Summary
SCHWAB CHARLES CORP (SCHW) reported that Co-Chairman Walter W. Bettinger II exercised a nonqualified stock option for 74,388 shares of common stock at an exercise price of $46.81 per share, originally granted under the 2013 Stock Incentive Plan. The same number of shares was acquired indirectly by a family trust and then sold by that trust in multiple trades totaling 74,388 shares at a weighted average price of $110.9137 per share. Following the option exercise, 154,589 option shares remain directly held, and indirect holdings include shares held through an ESOP, ESPP and by the reporting person's spouse and related accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Bettinger Walter W
Role
Co-Chairman
Sold
74,388 shs ($8.25M)
Approx. gross sale proceeds
$8.25M
Approx. exercise cost
$3.48M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonqualified Stock Option (right to buy) F3 | 74,388 | $0.00 | $0.00 |
| Exercise | Common Stock | 74,388 | $46.81 | $3.48M |
| Sale | Common Stock F1 | 74,388 | $110.9137 | $8.25M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 154,589 shares (Direct);
Common Stock — 610,360 shares (Indirect, by Family Trust);
Common Stock — 6,728.899 shares (Indirect, by ESOP);
Common Stock — 4,334 shares (Indirect, by ESPP);
Common Stock — 176.1192 shares (Indirect, by Spouse, as Trustee);
Common Stock — 2,410.1473 shares (Indirect, by Spouse)
Footnotes (3)
- F1. This transaction was executed in multiple trades at prices ranging from $110.90 to $110.98. 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.
- F2. Includes 7.0627 shares acquired through dividend reinvestment.
- F3. 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 shares exercised: 74,388 shares
Option exercise price: $46.81 per share
Shares sold by family trust: 74,388 shares
+5 more
8 metrics
Option shares exercised
74,388 shares
Nonqualified Stock Option for SCHW common stock exercised on 2026-08-28
Option exercise price
$46.81 per share
Exercise price of the Nonqualified Stock Option
Shares sold by family trust
74,388 shares
Common stock sold indirectly by Family Trust on 2026-08-28
Weighted average sale price
$110.9137 per share
Weighted average price for sale of 74,388 SCHW shares, trades from $110.90 to $110.98
Options held after transaction
154,589 shares
Total SCHW shares underlying options directly held after exercise
ESOP indirect holdings
6,728.8990 shares
SCHW common stock held indirectly by ESOP after transactions
ESPP indirect holdings
4,334.0000 shares
SCHW common stock held indirectly by ESPP after transactions
Spouse indirect holdings
2,410.1473 shares
SCHW shares held indirectly by spouse, including 7.0627 via dividend reinvestment
Key Terms
Nonqualified Stock Option, weighted average sale price, ESOP, ESPP, +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.
weighted average sale price financial
"The price reported reflects the weighted average sale price."
ESOP financial
"nature_of_ownership: "by ESOP""
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
ESPP financial
"nature_of_ownership: "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.
dividend reinvestment financial
"Includes 7.0627 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.
FAQ
What insider transactions did SCHW Co-Chairman Walter W. Bettinger report on this Form 4 for SCHW?
Walter W. Bettinger II reported exercising a nonqualified stock option for 74,388 shares at an exercise price of $46.81 per share and an indirect family trust selling 74,388 shares of SCHW common stock at a weighted average price of $110.9137 per share.
What stock option did Walter Bettinger exercise in this SCHW Form 4 filing?
He exercised a Nonqualified Stock Option to buy 74,388 shares of SCHW common stock at an exercise price of $46.81 per share. The option was granted under the company’s 2013 Stock Incentive Plan and vested in four equal annual installments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
