Brown Marianne Catherine 4

What Happened

• Marianne Brown, a director of Charles Schwab Corp. (SCHW), was granted 418 restricted stock units (RSUs) on 2026-07-01 as director compensation under the Directors' Deferred Compensation Plan II. No cash price or immediate share sale is reported (value listed as N/A). The award includes 27.69 RSUs acquired through dividend reinvestment.
• RSUs are a form of deferred compensation (not an open-market purchase or sale); each RSU represents the right to receive one share of Schwab stock in the future rather than an immediate share transfer.

Key Details

• Transaction date: 2026-07-01; Transaction type: Award/Grant (code A); Price: N/A.
• Shares reported in this grant: 418 RSUs (including 27.69 RSUs from dividend reinvestment).
• Shares owned after transaction: Not reported in this filing.
• Notable footnotes: RSUs will be held in a rabbi trust and are payable when the reporting person leaves the Board; the RSUs were received in lieu of cash director fees.
• Filing timing: Form 4 was filed 2026-07-06 for a 2026-07-01 transaction (filed several days after the grant); this appears to be later than the standard 2-business-day Form 4 filing window.

Context

• RSU grants to directors are common as deferred compensation and do not indicate an immediate purchase or sale of stock. The award increases future potential share ownership but does not change current outstanding shares until RSUs vest and shares are distributed.