Schwab Charles R. 4
4 · SCHWAB CHARLES CORP · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
SCHW Charles R. Schwab Exercises Options and Sells Shares
What Happened
- Charles R. Schwab, Co‑Chairman and Director of Schwab Charles Corp (SCHW), exercised stock options and sold shares in two batches. On Jan 26, 2026 he exercised 134,895 options at $26.39 (cash paid ~$3.56M) and sold 134,895 shares in the open market for a weighted average price of $103.09 (proceeds ~$13.91M). On Jan 28, 2026 he exercised 44,962 options at $26.39 (cash paid ~$1.19M), then sold 44,962 shares at a weighted average $103.20 (proceeds ~$4.64M) and sold an additional 26,475 shares at a weighted average $103.22 (proceeds ~$2.73M). Total shares acquired by exercise = 179,857; total shares sold = 206,332; total reported sale proceeds ≈ $21.28M. The reported exercises were under the company’s stock plan.
Key Details
- Transaction dates/prices: Exercises on 2026-01-26 and 2026-01-28 at $26.39; open-market sales on 2026-01-26 (WASP $103.09) and 2026-01-28 (WASPs $103.20 and $103.22). Some sale prices were executed in multiple trades (ranges disclosed in footnotes).
- Shares owned after transaction: Not disclosed in this Form 4 filing.
- Notable footnotes: 134,895 and 44,962 shares received on exercise were contributed to a living trust (F1, F3). Sale prices reflect weighted averages across multiple trades; the filer offers to provide trade-by-trade details on request (F2, F4, F5). Options were granted under the 2013 Stock Incentive Plan with standard vesting (F6).
- Timeliness: Form filed Jan 28, 2026 for transactions on Jan 26 and Jan 28; filing appears timely.
Context
- This sequence is effectively a cashless exercise: options were exercised and shares were immediately sold in the open market. The filings include derivative conversion records showing the option-to-share conversion (reported at $0 for the derivative line items).
- Contributions of shares to a living trust are estate/ownership planning actions and do not necessarily indicate a change in market view. The transactions are routine insider reporting of option exercise and subsequent sales, not an explicit endorsement or criticism of the company stock.
Insider Transaction Report
Form 4
Schwab Charles R.
DirectorCo-Chairman
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-01-26$26.39/sh+134,895$3,559,879→ 0 total - Sale
Common Stock
[F2][F1]2026-01-26$103.09/sh−134,895$13,905,840→ 56,119,454 total(indirect: By Trust) - Exercise/Conversion
Common Stock
[F3]2026-01-28$26.39/sh+44,962$1,186,547→ 0 total - Sale
Common Stock
[F4][F3]2026-01-28$103.20/sh−44,962$4,640,092→ 56,119,454 total(indirect: By Trust) - Sale
Common Stock
[F5]2026-01-28$103.22/sh−26,475$2,732,689→ 56,092,979 total(indirect: By Trust) - Exercise/Conversion
Nonqualified Stock Option (right to buy)
[F6]2026-01-26−134,895→ 44,962 totalExercise: $26.39Exp: 2026-03-01→ Common Stock (134,895 underlying) - Exercise/Conversion
Nonqualified Stock Option (right to buy)
[F6]2026-01-28−44,962→ 0 totalExercise: $26.39Exp: 2026-03-01→ Common Stock (44,962 underlying)
Holdings
- 30,641,981(indirect: By Partnership)
Common Stock
- 44,025(indirect: by 188 Corp)
Common Stock
- 9,509,797.33(indirect: By Trust)
Common Stock
Footnotes (6)
- [F1]Reflects the contribution of 134,895 shares received upon exercise of the option to a living trust.
- [F2]This transaction was executed in multiple trades at prices ranging from $102.77 to $103.49. 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]Reflects the contribution of 44,962 shares received upon exercise of the option to a living trust.
- [F4]This transaction was executed in multiple trades at prices ranging from $103.09 to $103.39. 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.
- [F5]This transaction was executed in multiple trades at prices ranging from $103.085 to $103.27. 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.
- [F6]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.
Signature
/s/ P. Blake Allen, Attorney-in-fact|2026-01-28