Beatty Jonathan S 4
4 · SCHWAB CHARLES CORP · Filed Jan 23, 2026
Research Summary
AI-generated summary of this filing
Schwab (SCHW) Jonathan Beatty Exercises Options, Sells 2,000 Shares
What Happened
Jonathan S. Beatty, Managing Director and Head of Advisor Services at Charles Schwab (SCHW), exercised stock options and sold shares on January 22, 2026. He exercised options to acquire 2,000 shares at $46.39 per share (cost $92,780) and sold 2,000 shares in the open market at a weighted-average price of $105.00, generating approximately $210,003. The filing also reports a derivative disposition of 2,000 shares at $0; footnotes indicate transfers to a trust related to the exercise. The sale was executed under a pre-established Rule 10b5-1 trading plan.
Key Details
- Transaction date: January 22, 2026. Form filed January 23, 2026 (timely).
- Option exercise: 2,000 shares acquired at $46.39/share = $92,780.
- Open-market sale: 2,000 shares sold at weighted avg $105.00/share = $210,003 (executed in multiple trades; see footnote).
- Additional derivative entry: 2,000 shares reported disposed at $0; footnote indicates contribution of shares to a trust.
- Plan/vesting: Options were granted under the company’s 2013 Stock Incentive Plan; vesting in four equal annual installments (footnote).
- 10b5-1 plan: The sale was made pursuant to a Rule 10b5-1 trading plan adopted May 28, 2025.
- Shares owned after transaction: Not specified in this Form 4 filing.
- Filing timeliness: Report appears timely (filed the day after the transactions).
Context
This is an option exercise immediately followed by a same-day sale — a common pattern where exercised shares are sold (often to cover exercise costs or taxes). The filing also notes transfers to a trust; such transfers or plan-driven sales are typically administrative and do not necessarily indicate the insider’s view on the company’s prospects.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-01-22$46.39/sh+2,000$92,780→ 33,495 total - Sale
Common Stock
[F3][F4][F1]2026-01-22$105.00/sh−2,000$210,003→ 21,768 total(indirect: By Trust) - Exercise/Conversion
Nonqualified Stock Option (right to buy)
[F5]2026-01-22−2,000→ 0 totalExercise: $46.39Exp: 2028-11-01→ Common Stock (2,000 underlying)
Footnotes (5)
- [F1]Reflects the contribution of 2,000 shares received upon exercise of the option to a trust.
- [F2]Includes the contribution of 9,845 shares to a trust.
- [F3]The transaction was affected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 28, 2025.
- [F4]This transaction was executed in multiple trades at prices ranging from $105.00 to $105.005. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was affected.
- [F5]The option was granted under the company's 2013 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date.