Charles Schwab (SCHW) risk chief sells 26,675 shares after option exercise
Rhea-AI Filing Summary
Charles Schwab Corporation’s Chief Risk Officer, Nigel J. Murtagh, exercised nonqualified stock options for a total of 26,675 shares of Common Stock at an exercise price of $46.81 per share, and sold the same number of shares at weighted average prices of about $109 per share on August 6 and 10, 2026. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on November 25, 2025. He also reports an indirect holding of 2,621 shares of Common Stock through an ESPP.
Positive
- None.
Negative
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Insider Trade Summary 10b5-1
Exercise and Sale: 26,675 shares ($1.66M approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
Murtagh Nigel J
Role
Chief Risk Officer
Sold
26,675 shs ($2.91M)
Approx. gross sale proceeds
$2.91M
Approx. exercise cost
$1.25M
Approx. pre-tax spread
$1.66M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonqualified Stock Option (right to buy) F4 | 24,778 | $0.00 | $0.00 |
| Exercise | Common Stock | 24,778 | $46.81 | $1.16M |
| Sale | Common Stock F1, F3 | 24,778 | $109.0086 | $2.70M |
| Exercise | Nonqualified Stock Option (right to buy) F4 | 1,897 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,897 | $46.81 | $89K |
| Sale | Common Stock F1, F2 | 1,897 | $109.0016 | $207K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 57,972.4846 shares (Direct);
Common Stock — 2,621 shares (Indirect, by ESPP)
Footnotes (4)
- 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 $109.00 to $109.0450. 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 transaction was executed in multiple trades at prices ranging from $109.00 to $109.04. 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.
- F4. 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: 26,675 shares
Exercise price: $46.81 per share
Shares sold: 26,675 shares
+3 more
6 metrics
Options exercised
26,675 shares
Nonqualified stock options exercised on August 6 and 10, 2026
Exercise price
$46.81 per share
Conversion or exercise price for nonqualified stock options
Shares sold
26,675 shares
Common Stock sales on August 6 and 10, 2026
Sale price Aug 6
$109.0016 per share
Weighted average sale price on August 6, 2026
Sale price Aug 10
$109.0086 per share
Weighted average sale price on August 10, 2026
Indirect ESPP holding
2,621 shares
Common Stock held indirectly by ESPP as of August 6, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, Nonqualified Stock Option, ESPP
4 terms
Rule 10b5-1 trading plan regulatory
"sales 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"
Nonqualified Stock Option financial
"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.
ESPP financial
"Common Stock held indirectly 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did SCHW Chief Risk Officer Nigel Murtagh report on this Form 4?
Nigel Murtagh exercised options for 26,675 shares of Charles Schwab common stock at $46.81 and sold the same 26,675 shares at weighted average prices near $109 on August 6 and 10, 2026.
What was the option exercise price in Nigel Murtagh’s SCHW Form 4 transactions?
The nonqualified stock options were exercised at $46.81 per share. These options, granted under Schwab’s 2013 Stock Incentive Plan, converted into common stock which was then sold in open market transactions at weighted average prices near $109 per share.
What types of securities are involved in Nigel Murtagh’s SCHW Form 4 filing?
The transactions involve Nonqualified Stock Options to buy Charles Schwab common stock and the resulting Common Stock received upon exercise. The options had a $46.81 exercise price and an expiration date of March 1, 2029.