secwatch.observer — SEC 8-K summary
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Issuer:     SCHWAB CHARLES CORP (SCHW)
CIK:        0000316709
Form:       8-K
Filed at:   2021-10-29T23:59:59+00:00
Accession:  0000316709-21-000075
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/316709/000031670921000075/0000316709-21-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/316709/000031670921000075/schw-20211025.htm
  HTML page:      https://secwatch.observer/filing/0000316709-21-000075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer