Schwab CRO sells 41,297 shares after option exercise
Schwab Charles Corp Chief Risk Officer Nigel J. Murtagh exercised nonqualified stock options and sold the resulting shares.
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Form Type
4
Rhea-AI Filing Summary
Schwab Charles Corp Chief Risk Officer Nigel J. Murtagh exercised nonqualified stock options and sold the resulting shares. He exercised options for 41,297 shares of Common Stock at $52.05 per share, then sold the same 41,297 shares in open-market transactions at a weighted average price of $99.0029.
The sale was effected under a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025, indicating it was pre‑scheduled. After these transactions, he holds 57,972.4846 shares directly and 2,484 shares indirectly through an employee stock purchase plan.
Insider Trade Summary 10b5-1
Exercise and Sale: 41,297 shares ($1.94M approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Murtagh Nigel J
Role
Chief Risk Officer
Sold
41,297 shs ($4.09M)
Approx. gross sale proceeds
$4.09M
Approx. exercise cost
$2.15M
Approx. pre-tax spread
$1.94M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonqualified Stock Option (right to buy) | 41,297 | $0.00 | $0.00 |
| Exercise | Common Stock | 41,297 | $52.05 | $2.15M |
| Sale | Common Stock | 41,297 | $99.0029 | $4.09M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 57,972.4846 shares (Direct);
Common Stock — 2,484 shares (Indirect, by ESPP)
Footnotes (3)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.
- F2. This transaction was executed in multiple trades at prices ranging from $99.00 to $99.06. 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.
- F3. This option was granted under the company's 2013 Stock Incentive Plan and vested in four annual installments beginning on the first anniversary of the grant.
Key Figures
Options exercised: 41,297 shares
Exercise price: $52.05 per share
Shares sold: 41,297 shares
+5 more
8 metrics
Options exercised
41,297 shares
Nonqualified Stock Option exercised on 2026-04-14
Exercise price
$52.05 per share
Strike price of Nonqualified Stock Option
Shares sold
41,297 shares
Common Stock sold in open-market transactions on 2026-04-14
Weighted average sale price
$99.0029 per share
Sales executed between $99.00 and $99.06
Direct holdings after transactions
57,972.4846 shares
Common Stock held directly after sale
Indirect ESPP holdings
2,484 shares
Common Stock held indirectly by ESPP
Rule 10b5-1 plan adoption date
November 25, 2025
Date CRO adopted trading plan governing these sales
Option expiration
March 1, 2028
Expiration date of exercised Nonqualified Stock Option
Key Terms
Rule 10b5-1 trading plan, Nonqualified Stock Option, weighted average sale price, 2013 Stock Incentive Plan, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Nonqualified Stock Option financial
"The security title is Nonqualified Stock Option (right to buy) with an exercise price of $52.05."
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
"This transaction was executed in multiple trades at prices ranging from $99.00 to $99.06. The price reported reflects the weighted average sale price."
2013 Stock Incentive Plan financial
"This option was granted under the company's 2013 Stock Incentive Plan and vested in four annual installments."
Employee Stock Purchase Plan financial
"Indirect ownership of 2,484 Common Stock shares is reported with nature of ownership described as by ESPP."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Schwab (SCHW) Chief Risk Officer Nigel Murtagh do in this Form 4?
Nigel Murtagh exercised nonqualified stock options for 41,297 Schwab shares at $52.05, then sold all 41,297 shares in open-market trades at a weighted average price of $99.0029, as disclosed in the Form 4.
Was the SCHW insider sale by Nigel Murtagh pre-planned under Rule 10b5-1?
Yes. The filing states the sales were made under a Rule 10b5-1 trading plan adopted on November 25, 2025. Such pre-planned programs automate trades, making transaction timing less indicative of the insider’s short-term view.
What type of equity award did Nigel Murtagh exercise in the SCHW Form 4?
He exercised a Nonqualified Stock Option granted under Schwab’s 2013 Stock Incentive Plan. The filing notes the option vested in four annual installments beginning on the first anniversary of the grant and was set to expire on March 1, 2028.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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