HERRINGER FRANK C 4

What Happened
Frank C. Herringer, a director of Charles Schwab Corporation (SCHW), was granted 474 restricted stock units (RSUs) on 2026-04-01. The Form 4 reports this as an award/acquisition (derivative); no per-share price or cash value is stated because RSUs are compensation rather than an open-market trade. These RSUs represent the right to receive one share each at a future date.

Key Details

• Transaction date: 2026-04-01; Form filed 2026-04-02 (timely).
• Transaction type/code: Award/Grant (A) — RSUs (derivative), not an open-market purchase or sale.
• Shares/units granted: 474 RSUs. Price: N/A (compensation grant).
• Shares owned after transaction: not specified in the provided filing details.
• Notable footnotes:
  • F1: Each RSU equals the right to one share.
  • F2/F3: RSUs issued under the Directors' Deferred Compensation Plan II and held in a rabbi trust; they will be distributed when he leaves the Board.
  • F4: RSUs were issued in lieu of cash director fees.
  • F5: Filing notes 500.51 RSUs were acquired previously through dividend reinvestment and are included in reported holdings.

Context

• RSU grants are a form of compensation and do not indicate an immediate purchase or sale of stock; they convert to shares (or cash) per plan terms, typically upon vesting or termination of service.
• This filing documents compensation to a director and appears routine for director fee deferral; it should not be interpreted as an open-market bullish or bearish trade.