DODDS CHRISTOPHER V 4
4 · SCHWAB CHARLES CORP · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
Schwab (SCHW) Director Christopher Dodds Receives Equity Award
What Happened Christopher V. Dodds, a director of Charles Schwab Corp. (SCHW), was granted equity awards on 2026-05-26: 1,602 restricted stock units (RSUs) and a derivative award of 3,977 shares (reported as a grant). Both grants were recorded at $0.00 per share (no cash paid at grant).
Key Details
- Transaction date: 2026-05-26; Form 4 filed 2026-05-27 (timely filing).
- Grants: 1,602 RSUs and 3,977-share derivative award; grant price reported $0.00, total reported cash = $0.
- Vesting: Both awards were granted under the company’s 2022 Stock Incentive Plan. Footnote F1 (RSUs) and F2 (option/derivative) indicate vesting of 25% on the first and second anniversaries and 50% on the third anniversary of the grant.
- Shares owned after transaction: Not specified in the supplied data.
- No 10b5-1 plan, tax-withholding, or sale reported in this filing.
Context These grants are compensation awards (RSUs and a derivative/option-style award) common for directors and do not represent open-market purchases or sales. The awards vest over a multi-year schedule; until vesting (and any exercise, if applicable), they do not represent immediately tradable shares. Such grants are routine and reflect compensation rather than an immediate buy/sell signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-26+1,602→ 5,669 total - Award
Nonqualified Stock Option (right to buy)
[F2]2026-05-26+3,977→ 3,977 totalExercise: $89.40Exp: 2036-05-26→ Common Stock (3,977 underlying)
- 450,654(indirect: By Trust)
Common Stock
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