HERRINGER FRANK C 4

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.