Morgan Peter J. III 4

What Happened Peter J. Morgan III, General Counsel of Charles Schwab Corporation (SCHW), exercised 7,595 stock options on 2026-02-02 at a strike of $66.47 per share (total cost $504,840) and sold those 7,595 shares the same day in the open market for a weighted-average price of $104.38 per share (total proceeds $792,796). The transactions appear to be an exercise followed by an immediate sale (a cashless-type or same-day disposition), resulting in gross proceeds of roughly $792.8K and a gross spread of about $287.9K before taxes/fees.

Key Details

• Transaction date: 2026-02-02; Form filed 2026-02-03 (timely).
• Exercise: 7,595 shares acquired at $66.47 each, total reported cost $504,840. (Derivative exercise code M)
• Sale: 7,595 shares disposed in multiple trades at a weighted-average price $104.38, total proceeds $792,796. Reported trade prices ranged $104.32–$104.44. (Sale code S) [F1]
• Also reported: disposition of the derivative instrument tied to the exercised options (reported at $0.00) as part of the exercise. (M)
• Shares owned after the transaction: not specified in the filing.
• Plan/vesting notes: option details reference company plan statements dated Jan 30, 2026 and Feb 1, 2026 [F2, F3]; option was granted under the 2022 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date [F4].
• Exhibit included: Power of Attorney (Exhibit 24).

Context This was an option exercise immediately followed by a sale of the shares (commonly a cashless exercise or same-day disposition). Such transactions are often routine (e.g., to cover tax/strike costs) and do not necessarily indicate a change in insider sentiment. The filing discloses the sale price as a weighted average over multiple trades and provides plan-reference footnotes for the option grant and vesting.