ADAMS JOHN K JR 4

What Happened

• John K. Adams Jr, a director of Charles Schwab Corporation (SCHW), received equity awards on May 26, 2026: 1,602 shares reported as an acquisition (A) and 3,977 shares reported as a derivative acquisition (A). Both were reported at $0.00 per share (total reported value $0). The two items together represent 5,579 restricted stock units (RSUs) granted under the company's 2022 Stock Incentive Plan.

Key Details

• Transaction date: May 26, 2026; Form 4 filed May 28, 2026 (filing appears timely).
• Reported amounts/prices: 1,602 shares @ $0.00 (acquired); 3,977 derivative shares @ $0.00 (acquired).
• Vesting: Per footnote F1, the RSUs vest 25% on the first anniversary, 25% on the second, and 50% on the third anniversary of the grant date.
• Derivative explanation: The 3,977 "derivative" shares are RSUs (a right to receive shares upon vesting), not an immediate open‑market purchase.
• Other footnotes: F2 notes 304.2606 shares acquired through dividend reinvestment (relates to reported holdings); F3 describes a standard option vesting schedule under the 2022 plan (noting the plan terms). Remarks include Exhibit 24 — Power of Attorney.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context

• RSU grants are routine compensation for executives and directors and do not involve an immediate cash purchase or sale. They become actual shares only as they vest according to the schedule above.
• This filing documents a grant (award), not a purchase or sale; it should not be read as a signal to buy or sell shares by itself.