Schwab (NYSE: SCHW) co-chair exercises options, sells 176K shares
Rhea-AI Filing Summary
SCHWAB CHARLES CORP (SCHW) Co-Chairman and director Walter W. Bettinger reported an option exercise and related share sale. He exercised 176,210 nonqualified stock options at an exercise price of $46.81 per share, receiving an equal number of common shares indirectly through a family trust. The family trust then sold 176,210 common shares at a weighted-average price of $113.486 per share in multiple trades. Following the option exercise, 228,977 options remain directly held. Additional indirect holdings include 6,728.899 shares held by an ESOP, 4,334 by an ESPP, 2,403.0846 by a spouse, and 176.1192 by a spouse as trustee.
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
176,210 shs ($20.00M)
Approx. gross sale proceeds
$20.00M
Approx. exercise cost
$8.25M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonqualified Stock Option (right to buy) F4 | 176,210 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 176,210 | $46.81 | $8.25M |
| Sale | Common Stock F2, F1 | 176,210 | $113.486 | $20.00M |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 228,977 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 — 2,403.0846 shares (Indirect, by Spouse);
Common Stock — 176.1192 shares (Indirect, by Spouse, as Trustee)
Footnotes (4)
- F1. Reflects the transfer of 81,014 shares from direct holding to a revocable trust.
- F2. This transaction was executed in multiple trades at prices ranging from $113.345 to $113.615. 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 information is based on a plan statement as of August 24, 2026.
- F4. 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
Options exercised: 176,210 options
Option exercise price: $46.81 per share
Shares sold: 176,210 shares
+5 more
8 metrics
Options exercised
176,210 options
Nonqualified Stock Options exercised on August 24, 2026
Option exercise price
$46.81 per share
Exercise price of Nonqualified Stock Option into SCHW common stock
Shares sold
176,210 shares
SCHW common stock sold by family trust on August 24, 2026
Weighted-average sale price
$113.486 per share
Family trust sale; individual trades from $113.345 to $113.615
Options held after transaction
228,977 options
Nonqualified Stock Options remaining directly held after exercise
ESOP indirect holding
6,728.899 shares
SCHW common stock held indirectly by ESOP as of August 24, 2026
ESPP indirect holding
4,334 shares
SCHW common stock held indirectly by ESPP
Spouse indirect holding
2,403.0846 shares
SCHW common stock held indirectly by spouse
Key Terms
Nonqualified Stock Option, revocable trust, weighted average sale price, ESOP, +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.
revocable trust financial
"Reflects the transfer of 81,014 shares from direct holding to a revocable trust."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
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.
FAQ
What did SCHW Co-Chairman Walter W. Bettinger report in this Form 4 for SCHW?
He reported exercising 176,210 nonqualified stock options at $46.81 per share into common stock held via a family trust and the sale of 176,210 common shares at a weighted-average price of $113.486 per share on August 24, 2026.
How many SCHW options did Walter W. Bettinger exercise and at what price?
He exercised 176,210 nonqualified stock options to buy SCHW common stock at an exercise price of $46.81 per share. These options were granted under the company’s 2013 Stock Incentive Plan and had an expiration date of March 1, 2029.
How many SCHW options does Walter W. Bettinger hold after these transactions?
After the reported option exercise, he directly holds 228,977 nonqualified stock options on SCHW common stock, according to the post-transaction holdings column for the derivative security.
AI-generated analysis. How Rhea-AI works. Not financial advice.
