Schwab (NYSE: SCHW) counsel sells 6,952 shares at $102.0341 avg price

Rhea-AI Filing Summary

Schwab General Counsel Peter J. Morgan III sold 6,952 shares of common stock on July 23, 2026 at a weighted average price of $102.0341 per share, with individual trades between $101.98 and $102.09. After this open-market or private sale, he reported 0 directly held shares and indirect plan holdings of 152.136 shares through an ESOP (based on a June 30, 2026 plan statement) and 697 shares through an ESPP (based on a July 15, 2026 plan statement).

Insider Trade Summary

Net Seller: 6,952 shares

Net Sell 3 txns

Insider Morgan Peter J. III

Role General Counsel

Sold 6,952 shs ($709K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1	6,952	$102.0341	$709K
holding	Common Stock F2	--	--	--
holding	Common Stock F3	--	--	--

Holdings After Transaction: Common Stock — 0 shares (Direct); Common Stock — 152.136 shares (Indirect, by ESOP); Common Stock — 697 shares (Indirect, by ESPP)

Footnotes (3)

1. F1. This transaction was executed in multiple trades at prices ranging from $101.98 to $102.09. 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.
2. F2. This information is based on a plan statement as of June 30, 2026.
3. F3. This information is based on a plan statement as of July 15, 2026.

Key Figures

Shares sold: 6,952 shares Weighted average sale price: $102.0341 per share Price range of trades: $101.98–$102.09 per share +3 more

6 metrics

Shares sold 6,952 shares Common stock sold on July 23, 2026

Weighted average sale price $102.0341 per share Price for common stock sale on July 23, 2026

Price range of trades $101.98–$102.09 per share Individual trades underlying the weighted average sale price

Direct holdings after sale 0 shares Directly owned common stock following July 23, 2026 transaction

Indirect ESOP holdings 152.136 shares Indirect ownership by ESOP, based on June 30, 2026 plan statement

Indirect ESPP holdings 697 shares Indirect ownership by ESPP, based on July 15, 2026 plan statement

Key Terms

weighted average sale price, ESOP, ESPP, plan statement

4 terms

weighted average sale price financial

"The price reported reflects the weighted average sale price."

ESOP financial

"Indirect ownership of common stock reported as 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

"Indirect ownership of common stock reported as 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.

plan statement financial

"This information is based on a plan statement as of June 30, 2026."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/27/2026 - 06:06 PM Accepted by SEC EDGAR 07/27/2026 - 06:05 PM Learn about SEC filing dates

FAQ

What insider transaction did SCHW report for Peter J. Morgan III?

SCHW reported that General Counsel Peter J. Morgan III sold 6,952 shares of common stock on July 23, 2026. The sale used a $102.0341 weighted average price per share, with underlying trades executed between $101.98 and $102.09.

At what price did the SCHW insider shares sell on July 23, 2026?

The reported transaction used a $102.0341 weighted average sale price per SCHW share. Footnotes explain that multiple trades occurred in a range from $101.98 to $102.09, and the insider undertook to provide full trade details upon request.

How many SCHW shares does Peter J. Morgan III hold directly after the sale?

After the July 23, 2026 transaction, Peter J. Morgan III reported 0 directly held SCHW shares. All remaining reported ownership is indirect, through employee benefit plans, rather than in his own direct brokerage or registered name.

What indirect SCHW holdings does Peter J. Morgan III report via ESOP and ESPP?

He reports 152.136 SCHW shares held indirectly through an ESOP, based on a June 30, 2026 plan statement, and 697 SCHW shares held indirectly through an ESPP, based on a July 15, 2026 plan statement, as post-transaction beneficial ownership.

Was the SCHW insider sale by Peter J. Morgan III a market transaction?

The filing characterizes the code as a sale in open market or private transaction. Combined with the stated price range around $102 per share, this indicates the shares were disposed of through standard trading or negotiated sale mechanisms rather than as a gift or option exercise.

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^*

Morgan Peter J. III

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/23/2026

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
Common Stock	07/23/2026		S		6,952	D	$102.0341(1)	0	D
Common Stock								152.136(2)	I	by ESOP
Common Stock								697(3)	I	by ESPP

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

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $101.98 to $102.09. 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.

2. This information is based on a plan statement as of June 30, 2026.

3. This information is based on a plan statement as of July 15, 2026.

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	07/27/2026
	** 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)