Schwab names Michael Verdeschi as CFO effective October 1, 2024

SCHWAB CHARLES CORP

Michael Verdeschi appointed Managing Director and CFO, succeeding Peter B. Crawford, effective Oct 1, 2024.
Verdeschi previously served as Deputy CFO since May 2024; spent 30+ years at Citigroup, most recently as Treasurer.
Compensation includes base salary of $900,000, target bonus of 250% of salary, and 2025 equity target of $4.35 million.
Received initial equity grant of 59,849 RSUs in June 2024, vesting ratably over four years.
No family relationships or reportable transactions under Item 404(a).

item 5.02

Executive movements

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Departed

Peter B. Crawford

Managing Director and Chief Financial Officer

SCHW · SCHWAB CHARLES CORP

Effective: 2024-10-01
Successor: Michael Verdeschi
Filed: July 25, 2024, 7:59 PM ET

appointed Michael Verdeschi to succeed Peter B. Crawford as the Company’s Managing Director and Chief Financial Officer, effective as of October 1, 2024.

Appointed

Michael Verdeschi

Managing Director and Chief Financial Officer

SCHW · SCHWAB CHARLES CORP

Effective: 2024-10-01
Filed: July 25, 2024, 7:59 PM ET

appointed Michael Verdeschi to succeed Peter B. Crawford as the Company’s Managing Director and Chief Financial Officer, effective as of October 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter B. Crawford departed as Managing Director and Chief Financial Officer at SCHWAB CHARLES CORP.

Action: succeeded
Role: Managing Director and Chief Financial Officer

Exact text from the filing

appointed Michael Verdeschi to succeed Peter B. Crawford as the Company’s Managing Director and Chief Financial Officer, effective as of October 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Verdeschi was appointed as Managing Director and Chief Financial Officer at SCHWAB CHARLES CORP.

Action: appointed
Role: Managing Director and Chief Financial Officer

Exact text from the filing

appointed Michael Verdeschi to succeed Peter B. Crawford as the Company’s Managing Director and Chief Financial Officer, effective as of October 1, 2024.

View on SEC.gov

SCHWAB CHARLES CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-184831

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