Masrani Bharat 4
4 · SCHWAB CHARLES CORP · Filed Oct 5, 2022
Insider Transaction Report
Form 4
Masrani Bharat
Director
Transactions
- Award
Restricted Stock Units
2022-10-03+410→ 3,378.33 total→ Common Stock (410 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a right to receive one share of company stock.
- [F2]The restricted stock units 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 restricted stock units 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 restricted stock units were received in lieu of cash compensation otherwise payable as director fees.