Verdeschi Michael D 4

What Happened

• Michael D. Verdeschi, Chief Financial Officer of Charles Schwab (SCHW), had 6,519 shares withheld to satisfy tax withholding upon the settlement of restricted stock units (RSUs). The withholding was executed at $87.42 per share, totaling approximately $569,891. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-06-03; Price per share: $87.42; Total value: ~$569,891
• Transaction code: F (shares withheld to satisfy tax withholding)
• Footnote: Shares were withheld for taxes upon settlement of RSUs granted June 3, 2024 (F1)
• Shares owned after the transaction: not specified in the provided filing excerpt
• Filing: Reported on 2026-06-04 (timely filing)

Context

• This is a routine tax-withholding action tied to RSU settlement (cashless/withheld-for-taxes), not a voluntary sale on the open market, and therefore generally should not be interpreted as an expression of confidence or lack thereof in the company. The withholding covered roughly $570k of tax liability associated with vested RSUs.