Form 4: Stephen Ellis Acquires Schwab Stock Units

Director Stephen A. Ellis acquired 393 Restricted Stock Units (RSUs) of Charles Schwab Corp. on April 1, 2026, as part of the Directors' Deferred Compensation Plan.

Summary

• Stephen A. Ellis, a Director at Charles Schwab Corp., acquired 393 Restricted Stock Units (RSUs) on April 1, 2026.
• These RSUs were granted under the Directors' Deferred Compensation Plan II and are held in a rabbi trust.
• The RSUs represent a right to receive one share of company stock and will be distributed upon Mr. Ellis's departure from the Board of Directors.
• The acquisition was made in lieu of cash compensation for director fees.
• Additionally, 41.22 RSUs were acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine compensation event for a director rather than a significant strategic or financial development.

Positives

• Director compensation structure includes equity awards, aligning director interests with shareholders.
• Dividend reinvestment further increases beneficial ownership over time.

Future Outlook

The RSUs will be distributed to Mr. Ellis upon his departure from the Board of Directors.

Industry Context

StockSavvy.ai notes that the use of Restricted Stock Units (RSUs) as part of director compensation is a common practice in the financial services industry, aimed at retaining talent and aligning executive interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: The acquisition of RSUs by a director reinforces alignment of interests between management and shareholders.
• Employees: This filing is a standard disclosure and does not directly impact employees.

Next Steps

• Distribution of RSUs to Stephen A. Ellis upon his departure from the Board of Directors.

Key Dates

Keywords

Restricted Stock Units, Director Compensation, Charles Schwab Corp, SCHW, SEC Form 4, Beneficial Ownership, Deferred Compensation