Masrani Bharat 4
4 · SCHWAB CHARLES CORP · Filed Jan 5, 2023
Insider Transaction Report
Form 4
Masrani Bharat
Director
Transactions
- Award
Restricted Stock Units
2023-01-03+367→ 3,754.44 total→ Common Stock (367 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a right to receive one share of company stock.
- [F2]The restricted stock units were received pursuant to the Directors' Deferred Compensation Plan II (the "Plan") and are held in a rabbi trust for the benefit of the reporting person pursuant to the terms of the Plan.
- [F3]The restricted stock units are held in a rabbi trust for the benefit of the reporting person and are distributed to the reporting person when he leaves the Board of Directors.
- [F4]The restricted stock units were received in lieu of cash compensation otherwise payable as director fees.
- [F5]Includes 9.11 shares acquired through dividend reinvestment.