Masrani Bharat 4
4 · SCHWAB CHARLES CORP · Filed Oct 4, 2023
Insider Transaction Report
Form 4
Masrani Bharat
Director
Transactions
- Award
Restricted Stock Units
2023-10-02+561→ 5,470.44 total→ Common Stock (561 underlying)
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") represents a right to receive one share of company stock.
- [F2]The RSUs 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 RSUs 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 RSUs were received in lieu of cash compensation otherwise payable as director fees.
- [F5]Includes 21.07 RSUs acquired through dividend reinvestment.