Form 4: Marianne Catherine Brown Acquires Restricted Stock Units in Schwab Charles Corp

Director Marianne Catherine Brown acquired 483 Restricted Stock Units (RSUs) in Schwab Charles Corp on April 1, 2025, as part of the Directors' Deferred Compensation Plan II.

Summary

• On April 1, 2025, Marianne Catherine Brown, a director of Schwab Charles Corp, acquired 483 Restricted Stock Units (RSUs).
• The RSUs were received under the Directors' Deferred Compensation Plan II and are held in a rabbi trust.
• These RSUs represent the right to receive one share of company stock each and are distributed when Brown leaves the Board of Directors.
• The RSUs were received in lieu of cash compensation for director fees.
• Brown's total holdings include 6,094.51 RSUs, including 19.23 RSUs acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-managed company. The use of RSUs aligns director interests with shareholder value.

Positives

• The acquisition of RSUs demonstrates continued alignment of the director's interests with the company's long-term performance.
• The use of the Directors' Deferred Compensation Plan II allows for tax-efficient compensation.

Future Outlook

The RSUs will be distributed to the reporting person when she leaves the Board of Directors.

Industry Context

Director compensation through equity-based awards is a common practice in the financial services industry to align the interests of directors with those of shareholders.

Stakeholder Impact

• The acquisition of RSUs by a director aligns their interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates

Keywords

Schwab Charles Corp, Marianne Catherine Brown, Restricted Stock Units, RSU, Director, Directors' Deferred Compensation Plan II, Rabbi Trust, Beneficial Ownership, SEC Form 4