Brown Marianne Catherine 4

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.