Schwab director granted stock and options
SCHWAB CHARLES CORP director Frank C. Herringer reported new equity awards and updated holdings.
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Form Type
4
Rhea-AI Filing Summary
SCHWAB CHARLES CORP director Frank C. Herringer reported new equity awards and updated holdings. On May 26, 2026, he received 1,602 shares of Common Stock as a grant under the company’s 2022 Stock Incentive Plan, increasing his directly held shares to 12,268. He was also granted a nonqualified stock option for 3,977 shares of Common Stock at an exercise price of $89.40 per share, expiring on May 26, 2036. Both the restricted stock units and the option vest 25% on the first and second anniversaries of the grant date and 50% on the third anniversary. Separately, indirect holdings are shown as 50,625 shares held by a spouse’s IRA and 177,508 shares held by a trust. These entries reflect compensation-related grants and existing indirect ownership rather than open-market buying or selling.
Insider Trade Summary
Grant/Award: 5,579 shares
Grant/Award
4 txns
Insider
HERRINGER FRANK C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Nonqualified Stock Option (right to buy) | 3,977 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 1,602 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 3,977 contracts (Direct);
Common Stock — 12,268 shares (Direct);
Common Stock — 177,508 shares (Indirect, by Trust);
Common Stock — 50,625 shares (Indirect, by Spouse, IRA)
Footnotes (2)
- F1. The reported transaction constitutes a grant of restricted stock units, which were granted under the company's 2022 Stock Incentive Plan and vest 25% on the first and second anniversary of the grant date and 50% on the third anniversary of the grant date.
- F2. The option was granted under the company's 2022 Stock Incentive Plan and vests 25% on the first and second anniversary of the grant date and 50% on the third anniversary of the grant date
Key Figures
RSU grant size: 1,602 shares
Direct holdings after grant: 12,268 shares
Option grant size: 3,977 options
+4 more
7 metrics
RSU grant size
1,602 shares
Common Stock grant on May 26, 2026
Direct holdings after grant
12,268 shares
Common Stock directly held after RSU grant
Option grant size
3,977 options
Nonqualified Stock Option granted May 26, 2026
Option exercise price
$89.40 per share
Nonqualified Stock Option strike price
Option expiration
May 26, 2036
Nonqualified Stock Option expiration date
Indirect spouse IRA holdings
50,625 shares
Common Stock held indirectly by spouse’s IRA
Indirect trust holdings
177,508 shares
Common Stock held indirectly by trust
Key Terms
restricted stock units, 2022 Stock Incentive Plan, Nonqualified Stock Option, vesting, +2 more
6 terms
restricted stock units financial
"The reported transaction constitutes a grant of restricted stock units, which were granted under the company's 2022 Stock Incentive Plan"
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.
2022 Stock Incentive Plan financial
"The reported transaction constitutes a grant of restricted stock units, which were granted under the company's 2022 Stock Incentive Plan"
Nonqualified Stock Option financial
"The option was granted under the company's 2022 Stock Incentive Plan and vests 25% on the first and second anniversary"
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.
vesting financial
"vest 25% on the first and second anniversary of the grant date and 50% on the third anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
IRA financial
"nature_of_ownership: by Spouse, IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
Trust financial
"nature_of_ownership: by Trust"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SCHW director Frank C. Herringer receive in this Form 4 filing for SCHW?
Frank C. Herringer received equity compensation, not open-market trades. He was granted 1,602 shares of Common Stock and a nonqualified stock option for 3,977 shares, both under Schwab’s 2022 Stock Incentive Plan with multi-year vesting schedules.
What are the key terms of Frank C. Herringer’s new SCHW stock option grant?
Herringer’s new nonqualified stock option covers 3,977 SCHW shares at an exercise price of $89.40 per share. The option was granted on May 26, 2026 and expires on May 26, 2036, with vesting over three years under Schwab’s 2022 Stock Incentive Plan.
How do the new SCHW restricted stock units for Frank C. Herringer vest over time?
The 1,602-share restricted stock unit grant vests in three stages. It vests 25% on the first anniversary of the grant date, 25% on the second anniversary, and the remaining 50% on the third anniversary, aligning compensation with longer-term company performance.
Does this SCHW Form 4 show any open-market buying or selling by Frank C. Herringer?
The Form 4 does not show open-market purchases or sales. It reports compensation-related equity grants—restricted stock units and a nonqualified stock option—and lists indirect holdings in a spouse’s IRA and a trust, rather than discretionary market trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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