Charles Schwab Director Marianne Brown Acquires RSUs in Lieu of Fees

Executive Summary

On October 1, 2026, Charles Schwab Corp ($SCHW) Director Marianne Catherine Brown acquired 407 Restricted Stock Units (RSUs) pursuant to the Directors' Deferred Compensation Plan II. The transaction was filed with the SEC on Form 4 on October 5, 2026.

Transaction Details

• Security: Restricted Stock Units (each representing the right to receive one share of Common Stock)
• Shares Acquired: 407
• Transaction Price: $0.00 / N/A (Acquired in lieu of cash compensation otherwise payable as director fees)
• Post-Transaction Beneficial Ownership: 8,700.21 RSUs (which includes 23.85 RSUs acquired through dividend reinvestment)
• Settlement Terms: RSUs are held in a rabbi trust and will be distributed when Ms. Brown departs the Board of Directors.

Market & Governance Impact

This filing reflects routine quarterly director equity compensation rather than discretionary open-market buying or selling. Because the units were acquired under an established deferred compensation program in lieu of cash retainer fees, the transaction carries low informational value regarding prospective company operational performance.