SCHW Director Stephen A. Ellis Receives 379 RSUs

What Happened Stephen A. Ellis, a member of the Board of Directors of Charles Schwab Corporation (SCHW), was granted 379 restricted stock units (RSUs) on July 1, 2026. The grant is reported as a derivative award (transaction code A); no cash price or total market value is listed in the filing. The grant includes 45.48 RSUs acquired through dividend reinvestment.

Key Details

• Transaction date: July 1, 2026. Form 4 filed July 6, 2026 (appears timely under the 2-business-day reporting rule).
• Transaction type: Award/Grant of RSUs (derivative award; code A).
• RSUs granted: 379 (price and total value not reported).
• Shares owned after transaction: not specified in the filing.
• Footnotes summary:
  • Each RSU equals a right to receive one share at settlement.
  • RSUs were granted under the Directors' Deferred Compensation Plan II and are held in a rabbi trust for the reporting person.
  • RSUs are distributed when the reporting person leaves the Board.
  • These RSUs were issued in lieu of cash director fees.
  • 45.48 of the RSUs were acquired via dividend reinvestment.

Context This was a compensation award (deferred RSUs), not an open-market purchase or sale. The units are held in a rabbi trust and generally convert to actual shares (or cash) when the director leaves the board, so they are not immediately marketable. Grants like this are routine director compensation and do not, by themselves, indicate the director bought or sold stock in the market.