Schwab retail head sells 21,866 shares at $111
SCHWAB CHARLES CORP executive Jonathan M. Craig, MD and Head of Retail Investing, exercised a nonqualified stock option for 21,866 shares of common stock at an exercise price of $46.81 per share on August 14, 2026.
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Form Type
4
Rhea-AI Filing Summary
SCHWAB CHARLES CORP executive Jonathan M. Craig, MD and Head of Retail Investing, exercised a nonqualified stock option for 21,866 shares of common stock at an exercise price of $46.81 per share on August 14, 2026. The shares received upon exercise were contributed to a revocable trust, after which the same 21,866 shares were sold indirectly by the trust at a weighted average price of $111.0257 per share under a Rule 10b5-1 trading plan adopted on November 11, 2025. The option, granted under the company’s 2013 Stock Incentive Plan, had an original expiration date of March 1, 2029.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Craig Jonathan M.
Role
MD, Head of Retail Investing
Sold
21,866 shs ($2.43M)
Approx. gross sale proceeds
$2.43M
Approx. exercise cost
$1.02M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonqualified Stock Option (right to buy) F4 | 21,866 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 21,866 | $46.81 | $1.02M |
| Sale | Common Stock F2, F3, F1 | 21,866 | $111.0257 | $2.43M |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 0 shares (Direct);
Common Stock — 0 shares (Indirect, by Trust)
Footnotes (4)
- F1. Reflects the contribution of the shares received upon exercise of the option to a revocable trust.
- F2. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 11, 2025.
- F3. The transaction was executed in multiple trades at prices ranging from $111.025 to $111.03. 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 transfer of shares and prices at which the transaction was affected.
- 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: 21,866 shares
Option Exercise Price: $46.81 per share
Shares Sold: 21,866 shares
+3 more
6 metrics
Options Exercised
21,866 shares
Nonqualified stock option for SCHW common stock exercised on August 14, 2026
Option Exercise Price
$46.81 per share
Exercise or conversion price of the nonqualified stock option
Shares Sold
21,866 shares
SCHW common stock sold indirectly by trust on August 14, 2026
Weighted Average Sale Price
$111.0257 per share
Weighted average price for sales executed between $111.025 and $111.03
Option Expiration Date
March 1, 2029
Original expiration date of the nonqualified stock option before exercise
10b5-1 Plan Adoption Date
November 11, 2025
Date the Rule 10b5-1 trading plan governing the sales was adopted
Key Terms
Nonqualified Stock Option, Rule 10b5-1 trading plan, weighted average sale price, revocable trust, +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.
Rule 10b5-1 trading plan regulatory
"The sales reported ... were effected pursuant to a Rule 10b5-1 trading plan"
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.
weighted average sale price financial
"The price reported reflects the weighted average sale price."
revocable trust financial
"Reflects the contribution of the shares ... 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.
2013 Stock Incentive Plan financial
"The option was granted under the company's 2013 Stock Incentive Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SCHW executive Jonathan M. Craig report on this Form 4 for SCHW?
Jonathan M. Craig reported exercising options for 21,866 SCHW shares at $46.81 and then selling 21,866 shares indirectly via a trust at a weighted average price of $111.0257 per share on August 14, 2026.
What was the option exercise price and size in the SCHW Form 4 for Jonathan M. Craig?
Craig exercised a nonqualified stock option covering 21,866 SCHW shares at an exercise price of $46.81 per share. The option was granted under Schwab’s 2013 Stock Incentive Plan and was scheduled to expire on March 1, 2029 before exercise.
Were the SCHW Form 4 sales by Jonathan M. Craig made under a Rule 10b5-1 plan?
Yes. The filing states the SCHW share sales were effected under a Rule 10b5-1 trading plan adopted by Jonathan M. Craig on November 11, 2025, indicating the trades followed a pre-arranged, disclosed plan.
What type of derivative security did Jonathan M. Craig exercise in this SCHW Form 4?
He exercised a Nonqualified Stock Option (right to buy) for 21,866 shares of SCHW common stock. The option carried a $46.81 per-share exercise price and was issued under Schwab’s 2013 Stock Incentive Plan with a stated expiration of March 1, 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
