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SCHWAB CHARLES CORP·4

May 27, 8:53 PM ET

HERRINGER FRANK C 4

4 · SCHWAB CHARLES CORP · Filed May 27, 2026

Research Summary

AI-generated summary of this filing

Updated

Schwab (SCHW) Director Frank Herringer Receives Equity Award

What Happened
Frank C. Herringer, a director of Charles Schwab Corporation (SCHW), received two equity awards on 2026-05-26: 1,602 restricted stock units (RSUs) and a 3,977-share derivative award (an option), both reported as acquisitions at $0.00 (total reported value $0 at grant). These awards were granted under Schwab’s 2022 Stock Incentive Plan and will convert into shares as they vest.

Key Details

  • Transaction date: 2026-05-26; Form 4 filed 2026-05-27 (filed timely).
  • Awards: 1,602 RSUs (grant, $0.00) and 3,977-share derivative award (reported as grant, $0.00).
  • Vesting: Per filing footnotes — both awards vest 25% on the 1st and 2nd anniversaries and 50% on the 3rd anniversary of the grant date. Footnote F2 identifies the 3,977-share derivative as an option.
  • Shares owned after transaction: Not specified in the information provided.
  • No sale or exercise occurred; these are compensation grants rather than open-market purchases or disposals.

Context

  • These are standard director compensation awards. RSUs convert to shares as they vest; the derivative award is an option that vests on the same schedule per the footnote.
  • Grants reported at $0 are normal for stock-based compensation (value is tied to Schwab stock price over time and at vesting).
  • Because this is a grant, it does not by itself indicate buying or selling sentiment; it documents standard equity compensation to a director.

Insider Transaction Report

Form 4
Period: 2026-05-26
SCHWAB CHARLES CORPSCHW
HERRINGER FRANK C
Director
Transactions
  • Award

    Common Stock

    [F1]
    2026-05-26+1,602→ 12,268 total
  • Award

    Nonqualified Stock Option (right to buy)

    [F2]
    2026-05-26+3,977→ 3,977 total
    Exercise: $89.40Exp: 2036-05-26→ Common Stock (3,977 underlying)
Holdings

  • Common Stock

    (indirect: By Trust)
    177,508

  • Common Stock

    (indirect: By Spouse)
    50,625
Footnotes (2)
  • [F1]The reported transaction constitutes a grant of restricted stock units, which were granted under the company's 2022 Stock Incentive Plan and vest 25% on the first and second anniversary of the grant date and 50% on the third anniversary of the grant date.
  • [F2]The option was granted under the company's 2022 Stock Incentive Plan and vests 25% on the first and second anniversary of the grant date and 50% on the third anniversary of the grant date
Signature
/s/ P. Blake Allen, Attorney-in-fact|2026-05-27

Documents

1 file
  • 4
    wk-form4_1779929629.xmlPrimary

    FORM 4