Charles Schwab Director Frank Herringer Receives Deferred RSUs in Lieu of Cash Fees
SCHWAB CHARLES CORP
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Filing Summary
SCHW Insider Filing: Director Frank Herringer
Transaction Date: 2026-10-01
Type: Acquisition (Grant/Award - Code A)
Security: Restricted Stock Units
Shares Transacted: 445
Price: $0.00 (In lieu of director fees)
Shares Owned Following: 153,636.78
Significance: Low (Routine Director Compensation Deferral)
Comprehensive Analysis
Insider Filing Overview
On October 1, 2026, Frank C. Herringer, a Director of The Charles Schwab Corporation (NYSE: SCHW), acquired 445 Restricted Stock Units (RSUs).
Key Transaction Details
- Security: Restricted Stock Units (convertible 1-for-1 into Common Stock)
- Transaction Code:
A(Grant, award, or other acquisition) - Volume: 445 units
- Transaction Price: $0.00 (received in lieu of quarterly director cash compensation)
- Post-Transaction Holdings: 153,636.78 RSUs (held directly in a rabbi trust, including 440.52 units from dividend reinvestment)
Strategic & Contextual Analysis
The acquisition was executed pursuant to Schwab's Directors' Deferred Compensation Plan II. Rather than taking cash fees, the director elected to receive RSUs held in a rabbi trust, payable upon departure from the Board of Directors. Because this represents standard, pre-planned compensation equity deferral rather than open-market buying, the trading significance is rated as Low.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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