SCHW executive exercises options, sells 27,903 shares

SCHWAB CHARLES CORP executive Dennis Howard, MD and Chief Technology, Operations & Data Officer, exercised stock options and sold shares in a planned transaction.

Rhea-AI Filing Summary

SCHWAB CHARLES CORP executive Dennis Howard, MD and Chief Technology, Operations & Data Officer, exercised stock options and sold shares in a planned transaction. On February 25, 2026, he exercised 27,903 nonqualified stock options at $64.10 per share, receiving the same number of common shares.

That same day, he sold 27,903 common shares at a weighted average price of $95.02 per share in open-market trades executed between $95.00 and $95.09. The sale was made under a Rule 10b5-1 trading plan adopted on November 25, 2025. After these transactions, he directly owned 10,470 common shares and 84,000 options.

Insider Trade Summary

Exercise and Sale: 27,903 shares ($863K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Howard Dennis

Role MD, Chief Tech, OPS & Data Off

Sold 27,903 shs ($2.65M)

Approx. gross sale proceeds $2.65M

Approx. exercise cost $1.79M

Approx. pre-tax spread $863K

Type	Security	Shares	Price	Value
Exercise	Nonqualified Stock Option (right to buy)	27,903	$0.00	$0.00
Exercise	Common Stock	27,903	$64.10	$1.79M
Sale	Common Stock	27,903	$95.02	$2.65M

Holdings After Transaction: Nonqualified Stock Option (right to buy) — 84,000 contracts (Direct); Common Stock — 10,470 shares (Direct)

Footnotes (3)

1. F1. This transaction was affected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.
2. F2. This transaction was executed in multiple trades at prices ranging from $95.00 to $95.09. 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.
3. 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.

FAQ

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What did SCHW executive Dennis Howard report in this Form 4?

Dennis Howard reported exercising 27,903 stock options and selling 27,903 common shares of SCHWAB CHARLES CORP (SCHW) on February 25, 2026, reflecting an option exercise followed by an open-market sale.

At what prices did Dennis Howard exercise and sell SCHW shares?

He exercised options for 27,903 shares at an exercise price of $64.10 per share, then sold 27,903 shares at a $95.02 weighted average price, with individual trades ranging from $95.00 to $95.09.

Was Dennis Howard’s SCHW share sale under a Rule 10b5-1 plan?

Yes. The filing states the share sale was effected under a Rule 10b5-1 trading plan adopted by Dennis Howard on November 25, 2025, indicating the trades were pre-arranged rather than discretionary.

How many SCHW shares does Dennis Howard own after these transactions?

Following the reported transactions, Dennis Howard directly owned 10,470 shares of SCHWAB CHARLES CORP common stock and held 84,000 nonqualified stock options, according to the ownership figures disclosed in the Form 4.

What type of derivative security did Dennis Howard exercise at SCHW?

He exercised nonqualified stock options for 27,903 shares. The footnotes state these options were granted under the company’s 2013 Stock Incentive Plan and vested in four equal annual installments starting one year after the grant date.

How many SCHW shares did Dennis Howard sell in the open market?

He sold 27,903 common shares of SCHWAB CHARLES CORP in an open-market transaction, with trades executed at prices between $95.00 and $95.09, and a reported weighted average sale price of $95.02 per share.

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Accepted by SEC EDGAR 02/27/2026 - 05:47 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Howard Dennis

(Last) (First) (Middle)

3000 SCHWAB WAY

(Street)

WESTLAKE TX 76262

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SCHWAB CHARLES CORP [ SCHW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	MD, Chief Tech, OPS & Data Off

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/25/2026		M		27,903	A	$64.1	38,373	D
Common Stock	02/25/2026		S(1)		27,903	D	$95.02(2)	10,470	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Nonqualified Stock Option (right to buy)	$64.1	02/25/2026		M			27,903	(3)	03/01/2031	Common Stock	27,903	$0	84,000	D

Explanation of Responses:

1. This transaction was affected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.

2. This transaction was executed in multiple trades at prices ranging from $95.00 to $95.09. 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.

3. 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.

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	02/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.