Schwab director granted 434 RSUs as board fees
Brown Marianne Catherine reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Brown Marianne Catherine reported acquisition or exercise transactions in this Form 4 filing.
Charles Schwab director Marianne Catherine Brown received 434 Restricted Stock Units (RSUs) as a grant under the company's Directors' Deferred Compensation Plan II. Each RSU represents one share of common stock and was taken in lieu of cash director fees.
The RSUs are held in a rabbi trust for her benefit and will be distributed when she leaves the Board of Directors, deferring receipt of the shares until that time. Following this award and prior dividend reinvestments, she now holds a total of 7,823.67 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 434 shares
Grant/Award
1 txn
Insider
Brown Marianne Catherine
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 434 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 7,823.67 contracts (Direct)
Footnotes (5)
- F1. Each restricted stock unit ("RSU") represents a right to receive one share of company stock.
- F2. The RSUs were received pursuant to the Directors' Deferred Compensation Plan II (the "Plan") and are held in a rabbi trust for the benefit of the reporting person pursuant to the terms of the Plan.
- F3. The RSU s are held in a rabbi trust for the benefit of the reporting person and are distributed to the reporting person when she leaves the Board of Directors.
- F4. The RSUs were received in lieu of cash compensation otherwise payable as director fees.
- F5. Includes 24.45 RSUs acquired through dividend reinvestment.
Key Figures
RSUs granted: 434 RSUs
Total RSUs after transaction: 7,823.67 RSUs
Dividend reinvestment RSUs: 24.45 RSUs
3 metrics
RSUs granted
434 RSUs
Grant/award acquisition on 2026-04-01
Total RSUs after transaction
7,823.67 RSUs
Holdings following reported grant
Dividend reinvestment RSUs
24.45 RSUs
Units acquired through dividend reinvestment included in total
Key Terms
Restricted Stock Units, Directors' Deferred Compensation Plan II, rabbi trust, dividend reinvestment
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a right to receive one share of company stock."
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.
Directors' Deferred Compensation Plan II financial
"The RSUs were received pursuant to the Directors' Deferred Compensation Plan II (the "Plan")."
rabbi trust financial
"The RSUs were received pursuant to the Plan and are held in a rabbi trust for the benefit of the reporting person."
A rabbi trust is a special account a company sets up to hold promised future pay for executives, like bonus or retirement money, so those employees can see there are funds earmarked for them. It matters to investors because it signals the company’s commitment to keep key people, but the money is still part of the company’s assets and can be claimed by creditors if the company goes bankrupt—think of it as a labeled jar that isn’t completely off-limits.
dividend reinvestment financial
"Includes 24.45 RSUs 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SCHW director Marianne Brown report on this Form 4?
Marianne Catherine Brown reported receiving 434 Restricted Stock Units as a grant. The RSUs were awarded under Charles Schwab's Directors' Deferred Compensation Plan II and taken instead of cash director fees, increasing her deferred stock-based compensation position.
How many Restricted Stock Units does SCHW director Marianne Brown hold after this grant?
After the 434-unit grant, she holds a total of 7,823.67 Restricted Stock Units. This total includes 24.45 RSUs that were acquired through dividend reinvestment within the plan and are also held in the same deferred compensation structure.
What is the economic meaning of each SCHW Restricted Stock Unit granted to Marianne Brown?
Each Restricted Stock Unit represents the right to receive one share of Charles Schwab common stock. Although issued with a zero transaction price, the units reflect deferred compensation that converts into actual shares upon distribution after she leaves the board.
Why were Marianne Brown’s SCHW RSUs described as received in lieu of cash compensation?
The filing states the RSUs were received in lieu of cash compensation otherwise payable as director fees. This means a portion of her board compensation is structured as stock units rather than immediate cash payments under the deferred compensation plan.
What role does the rabbi trust play in Marianne Brown’s SCHW RSU holdings?
The RSUs are held in a rabbi trust for her benefit under the Directors' Deferred Compensation Plan II. The trust holds the units until she leaves the Board, at which time the RSUs are distributed to her according to the plan terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
