Schwab (SCHW) director granted 1,286 nonqualified stock options as board fees

Rhea-AI Filing Summary

Director Charles A. Ruffel of Schwab Charles Corp received a grant of 1,286 nonqualified stock options on April 1, 2026. Each option allows him to buy one share of common stock at an exercise price of $92.36 per share.

The options were granted under the Directors' Deferred Compensation Plan II, vested immediately, and were received in lieu of cash director fees. This is a compensation-related award rather than an open-market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ruffel Charles A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Nonqualified Stock Option (right to buy)	1,286	$0.00	--

Holdings After Transaction: Nonqualified Stock Option (right to buy) — 1,286 shares (Direct)

Footnotes (1)

1. The option was received pursuant to the Directors' Deferred Compensation Plan II and vested immediately. The option was received in lieu of cash compensation otherwise payable as director fees.

Key Figures

Options granted: 1,286 options Exercise price: $92.36 per share Underlying shares: 1,286 shares +3 more

6 metrics

Options granted 1,286 options Nonqualified stock options granted April 1, 2026

Exercise price $92.36 per share Exercise price for the nonqualified stock options

Underlying shares 1,286 shares Common stock underlying the option grant

Expiration date April 1, 2036 Option expiration for the reported grant

Total options after grant 1,286 options Total derivative holdings following the transaction

Transaction price per option $0.00 Grant received as compensation, not purchased for cash

Key Terms

Nonqualified Stock Option, Directors' Deferred Compensation Plan II, in lieu of cash compensation

3 terms

Nonqualified Stock Option financial

"Nonqualified Stock Option (right to buy)"

Directors' Deferred Compensation Plan II financial

"The option was received pursuant to the Directors' Deferred Compensation Plan II"

in lieu of cash compensation financial

"The option was received in lieu of cash compensation otherwise payable as director fees."

Form 4 Insider Transactions: What Each Field Means →

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).

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^*

Ruffel Charles A.

(Last) (First) (Middle)

3000 SCHWAB WAY

(Street)

WESTLAKE TEXAS 76262

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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

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)	$92.36	04/01/2026		A		1,286		04/01/2026(1)	04/01/2036	Common Stock	1,286	(2)	1,286	D

Explanation of Responses:

1. The option was received pursuant to the Directors' Deferred Compensation Plan II and vested immediately.

2. The option was received in lieu of cash compensation otherwise payable as director fees.

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did SCHW director Charles A. Ruffel report on this Form 4?

Charles A. Ruffel reported receiving 1,286 nonqualified stock options from Schwab Charles Corp. The options were granted as director compensation, vesting immediately, and give him the right to buy common shares at a fixed exercise price.

Is the Charles A. Ruffel Form 4 for SCHW a stock purchase or sale?

The Form 4 does not show a stock purchase or sale. Instead, Ruffel received a grant of nonqualified stock options as compensation, meaning no open-market trading in Schwab Charles Corp shares occurred in this filing.

What are the key terms of Charles A. Ruffel’s SCHW stock options?

Ruffel received 1,286 nonqualified stock options with an exercise price of $92.36 per share. The options vested immediately and are scheduled to expire on April 1, 2036, if not exercised earlier under plan terms.

Why did Charles A. Ruffel receive options instead of cash from SCHW?

The filing states the option grant was received in lieu of cash compensation otherwise payable as director fees. This means Schwab Charles Corp paid part of Ruffel’s board compensation using stock options instead of a cash payment.

How many Schwab Charles Corp options does Ruffel hold after this Form 4?

After this reported transaction, Ruffel holds 1,286 nonqualified stock options directly. Each option represents the right to acquire one share of Schwab Charles Corp common stock at the specified exercise price, according to the filing.