SCHW Director Stephen A. Ellis Exercises Options for 1,918 Shares

What Happened
Stephen A. Ellis, a director of Charles Schwab Corp. (SCHW), exercised options on 2026-09-23 that resulted in acquisition of 1,918 common shares at an exercise price of $31.48 per share (total cost $60,379). The filing shows a corresponding derivative disposition (option was cancelled) and notes the shares received upon exercise were contributed to a trust.

Key Details

• Transaction date: 2026-09-23; Filing date: 2026-09-25 (appears timely).
• Exercise (code M): 1,918 shares acquired at $31.48 each = $60,379.
• Derivative disposition: 1,918 underlying shares reported as disposed at $0 (reflects option conversion/cancellation).
• Footnotes:
  • F1: Shares received on exercise were contributed to a trust.
  • F2: Ownership totals include 299.7567 shares acquired via dividend reinvestment.
  • F3: The option was granted under the Directors' Deferred Compensation Plan II and vested immediately.
• Shares owned after the transaction: not specified in the provided extract (filing indicates dividend-reinvested shares included in ownership count).

Context
This was an options exercise (not an open-market buy or sale). The shares were not sold into the market — they were contributed to a trust — so this transaction does not signal an immediate sale. The option grant vested immediately under the directors’ deferred compensation plan, enabling the exercise.