---
schema_version: "secwatch.filing_event.v1"
accession: "0000316709-21-000075"
form_type: "8-K"
ticker: "SCHW"
cik: "0000316709"
company_name: "SCHWAB CHARLES CORP"
filed_at: "2021-10-29T23:59:59+00:00"
generated_at: "2026-06-28T16:21:27.867688+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Charles Schwab approves compensation for President Richard Wurster including $5M RSU award

## Summary
- Annual base salary of $750,000 effective October 15, 2021.
- Target cash bonus increased from 200% to 250% of base salary, prorated for 2021.
- Special one-time RSU grant of $5 million (59,931 shares) vesting 25% per year over four years.

## SEC filing metadata
- accession: 0000316709-21-000075
- form_type: 8-K
- ticker: SCHW
- cik: 0000316709
- company_name: SCHWAB CHARLES CORP
- filed_at: 2021-10-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/316709/000031670921000075/0000316709-21-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/316709/000031670921000075/schw-20211025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000316709-21-000075
- JSON: https://secwatch.observer/filing/0000316709-21-000075.json
- Plain text: https://secwatch.observer/filing/0000316709-21-000075.txt

## Key facts
- Executive change
  Richard A. Wurster was appointed as President at SCHWAB CHARLES CORP.
  - Action: appointed
  - Role: President
  source text: On October 25, 2021, the Compensation Committee of the Board of Directors of The Charles Schwab Corporation (CSC) approved compensation for Richard A. Wurster in connection with his appointment as President, effective October 15, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/316709/000031670921000075/0000316709-21-000075-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.