Brown Marianne Catherine 4
4 · SCHWAB CHARLES CORP · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
SCHW Director Marianne Brown Receives 434 RSU Award
What Happened
- Marianne Catherine Brown, a director of Schwab (SCHW), was granted 434 restricted stock units (RSUs) on 2026-04-01 (reported on Form 4 filed 2026-04-02). The grant is recorded as a derivative award (transaction code A); no per-share price is reported because RSUs are compensation units rather than an open‑market trade.
Key Details
- Transaction date: 2026-04-01; Form 4 filed: 2026-04-02.
- Shares/units granted: 434 RSUs (includes 24.45 RSUs acquired through dividend reinvestment).
- Price: N/A (RSUs are awards, not purchased shares).
- Plan/holding: RSUs granted under the Directors' Deferred Compensation Plan II and held in a rabbi trust for her benefit; they are payable/distributed when she leaves the Board.
- Filing timeliness: Reported the day after the transaction; the filing does not indicate a late report.
- Transaction code: A (award/grant); these are derivative rights to receive common stock in the future.
Context
- RSUs are compensation, not an open‑market buy or sale, so they reflect director pay rather than a personal market bet. They convert to actual shares (one RSU = one share) when vested/distributed per the plan terms.
Insider Transaction Report
Form 4
Brown Marianne Catherine
Director
Transactions
- Award
Restricted Stock Units
[F1][F2][F4][F3][F5]2026-04-01+434→ 7,823.67 total→ Common Stock (434 underlying)
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") represents a right to receive one share of company stock.
- [F2]The RSUs 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 RSU s are held in a rabbi trust for the benefit of the reporting person and are distributed to the reporting person when she leaves the Board of Directors.
- [F4]The RSUs were received in lieu of cash compensation otherwise payable as director fees.
- [F5]Includes 24.45 RSUs acquired through dividend reinvestment.
Signature
/s/ P. Blake Allen, Attorney-in-fact|2026-04-02