Schwab (NYSE: SCHW) director-linked trust sells 11,825 shares after option exercises
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Charles Schwab director Christopher V. Dodds, through a trust, reported option exercises and a share sale in Charles Schwab Corp. common stock. On February 6, 2026, a trust associated with him acquired 4,390 shares at $73, 4,703 shares at $62.66, and 2,732 shares at $51.97 upon exercising nonqualified stock options.
The trust then sold 11,825 common shares at a weighted average price of $104.5509, with individual trades ranging from $104.38 to $104.67. After these transactions, the trust held 449,406 indirect shares, while Dodds also reported 4,067 directly held shares and 2,732 remaining options under the 2022 stock incentive plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,825 shares ($1,236,314)
Net Sell
8 txns
Insider
DODDS CHRISTOPHER V
Role
Director
Sold
11,825 shs ($1.24M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonqualified Stock Option (right to buy) | 4,390 | $0.00 | -- |
| Exercise | Nonqualified Stock Option (right to buy) | 4,703 | $0.00 | -- |
| Exercise | Nonqualified Stock Option (right to buy) | 2,732 | $0.00 | -- |
| Exercise | Common Stock | 4,390 | $73.00 | $320K |
| Exercise | Common Stock | 4,703 | $62.66 | $295K |
| Exercise | Common Stock | 2,732 | $51.97 | $142K |
| Sale | Common Stock | 11,825 | $104.5509 | $1.24M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 453,796 shares (Indirect, by Trust);
Common Stock — 4,067 shares (Direct)
Footnotes (1)
- Includes shares transferred from direct to a trust. This transaction was executed in multiple trades at prices ranging from $104.38 to $104.67. 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. The option was granted under the company's 2013 Stock Incentive Plan and vested 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 vested 25% on the first and second anniversary of the grant date and 50% on the third anniversary of the grant date.
FAQ
What insider activity did SCHW director Christopher V. Dodds report on this Form 4?
Christopher V. Dodds reported option exercises and a share sale via a trust. On February 6, 2026, a trust associated with him exercised three nonqualified stock options into common shares, then sold 11,825 shares, while retaining a significant indirect and some direct ownership position.
Which stock options did the SCHW director-associated trust exercise in this filing?
The trust exercised three nonqualified stock option grants. These options converted into 4,390 shares at $73, 4,703 shares at $62.66, and 2,732 shares at $51.97. The options were granted under Schwab’s 2013 and 2022 Stock Incentive Plans with multi-year vesting schedules.
What do the Form 4 footnotes reveal about pricing and plan details for SCHW?
The footnotes explain pricing ranges and plan origins. The 11,825-share sale price is a weighted average, with trades between $104.38 and $104.67. They also state the options were granted under 2013 and 2022 Stock Incentive Plans, vesting over three years in specified annual tranches.
How many SCHW options remain held after the reported exercises?
One nonqualified stock option grant remains partially outstanding. Following exercises of two option positions to zero, 2,732 derivative securities (nonqualified stock options) tied to Charles Schwab Corp. common stock continue to be beneficially owned, according to the post-transaction derivative holdings reported.