SCHWAB CHARLES CORP SEC Filings

Charles R. Schwab, Co-Chairman of SCHWAB CHARLES CORP, reported open-market sales of 72,900 shares of common stock at weighted average prices around $90–$91. The shares are held indirectly by a trust, and after these sales the trust still holds about 55.7 million shares, alongside large additional indirect holdings through a spouse, a corporation, and a limited partnership.

The Charles Schwab Corporation submitted a Form 144 notice reporting multiple proposed sales of Common stock by Charles R. Schwab. The excerpt lists dated transactions ranging from 01/28/2026 through 04/23/2026, with individual share amounts such as 71,437, 146,560, and 36,450.

Charles R. Schwab reported proposed sales of Common Stock on a Form 144, listing seven transactions of Common Stock executed between 01/26/2026 and 02/10/2026, including multiple blocks of shares for sale under Rule 144.

The filing lists individual sale quantities and gross proceeds for each date, with per‑trade details shown in the excerpt.

The Charles Schwab Corporation completed an offering of 1,500,000 depositary shares, each representing a 1/100th interest in a share of 6.100% fixed-rate reset non-cumulative perpetual preferred stock, Series L, with a $100,000 liquidation preference per share (equivalent to $1,000 per Depositary Share).

The transaction generated approximately $1,480 million in net proceeds after underwriting discounts, commissions and estimated expenses. Holders of the Depositary Shares receive proportional dividend, voting, redemption and liquidation rights of the Series L Preferred Stock. Schwab entered into an Underwriting Agreement with a syndicate of major investment banks and filed a Certificate of Designations in Delaware, which defines the terms and restrictions of the Series L Preferred Stock, including limits on paying dividends or repurchasing parity or junior stock if dividends on the Series L are not declared and paid or set aside for the prior period.

The Charles Schwab Corporation is offering 1,500,000 depositary shares, each representing a 1/100th interest in a share of 6.100% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L, with a liquidation preference of $100,000 per preferred share (equivalent to $1,000 per depositary share). The offering price is $1,000.00 per depositary share for aggregate gross proceeds of $1,500,000,000. Net proceeds are expected to be approximately $1,480 million and are intended for general corporate purposes, which may include repurchase or redemption of outstanding preferred stock.

Dividends will accrue quarterly on a non-cumulative basis beginning September 1, 2026, at a fixed rate of 6.100% per annum until June 1, 2031, then reset every five years to the five-year treasury rate plus 2.250%. Redemption is at Schwab’s option on or after the first reset date or following a specified regulatory capital treatment event, and payments may be subject to prior Federal Reserve approval.

The Charles Schwab Corporation files a preliminary prospectus supplement to offer depositary shares representing interests in its Series L Preferred Stock. The depositary shares each represent a 1/100th interest in a share of % Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L, with a liquidation preference of $100,000 per share (equivalent to $1,000 per depositary share). Dividends, payable quarterly beginning September 1, 2026, accrue non-cumulatively at a fixed rate until June 1, 2031 and thereafter reset to the five-year treasury rate plus % per annum. The depositary shares will be issued in book-entry form and are a new, unlisted security. The supplement also discloses preliminary unaudited Q1 2026 results, including net revenues of $6,482 million and net income of $2,479 million.

Schwab Charles Corp managing director and Chief Banking Officer Paul V. Woolway exercised stock options and sold shares in pre-planned trades. He exercised options for a total of 15,883 shares of common stock at an exercise price of $52.05 per share on April 14–15, 2026.

On the same dates, 15,883 shares of common stock were sold indirectly by a trust at weighted average prices of $98.0033 and $100.0046 per share under a Rule 10b5-1 trading plan adopted on November 24, 2025. Following these transactions, Woolway holds 25,153 shares directly and additional indirect holdings through a trust, an ESPP account and family accounts.

The Charles Schwab Corporation reported a strong first quarter of 2026, with net income of $2.5 billion and diluted earnings per share of $1.37. Excluding $143 million of transaction-related costs, adjusted net income was $2.6 billion and adjusted EPS was $1.43.

Total net revenues rose 16% year-over-year to a record $6.5 billion, driven by higher asset management, trading, and bank deposit fees. GAAP net income increased 30% and adjusted net income grew 29%, while the GAAP pre-tax profit margin expanded to 49.2% and adjusted pre-tax margin reached 51.4%.

Client activity remained robust. Total client assets increased 19% year-over-year to $11.77 trillion, core net new assets were $140.0 billion, and new brokerage accounts reached 1.3 million. Daily average trades hit a record 9.9 million, up 34% versus 1Q25.

Schwab returned capital aggressively, repurchasing 24.3 million common shares for $2.4 billion and raising its quarterly dividend 19% to $0.32 per share. The company reported an annualized return on average common equity of 23% and return on tangible common equity of 40%, supported by strong Tier 1 leverage ratios.

Charles Schwab executive Jonathan M. Craig exercised options and sold shares in a planned transaction. He exercised nonqualified stock options for 21,750 shares of common stock at an exercise price of $46.81 per share, under the company’s 2013 Stock Incentive Plan.

The shares received from the option exercise were contributed to a revocable trust and then 21,750 common shares were sold by the trust at a weighted average price of $99.0035 per share. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on November 11, 2025.