---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-184831"
form_type: "8-K"
ticker: "SCHW"
cik: "0000316709"
company_name: "SCHWAB CHARLES CORP"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:25:13.068242+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Schwab names Michael Verdeschi as CFO effective October 1, 2024

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-24-184831
- form_type: 8-K
- ticker: SCHW
- cik: 0000316709
- company_name: SCHWAB CHARLES CORP
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/316709/000119312524184831/0001193125-24-184831-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/316709/000119312524184831/d868220d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-184831
- JSON: https://secwatch.observer/filing/0001193125-24-184831.json
- Plain text: https://secwatch.observer/filing/0001193125-24-184831.txt

## Key facts
- Executive change
  Peter B. Crawford departed as Managing Director and Chief Financial Officer at SCHWAB CHARLES CORP.
  - Action: succeeded
  - Role: Managing Director and Chief Financial Officer
  source text: appointed Michael Verdeschi to succeed Peter B. Crawford as the Company’s Managing Director and Chief Financial Officer, effective as of October 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/316709/000119312524184831/0001193125-24-184831-index.htm
- Executive change
  Michael Verdeschi was appointed as Managing Director and Chief Financial Officer at SCHWAB CHARLES CORP.
  - Action: appointed
  - Role: Managing Director and Chief Financial Officer
  source text: appointed Michael Verdeschi to succeed Peter B. Crawford as the Company’s Managing Director and Chief Financial Officer, effective as of October 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/316709/000119312524184831/0001193125-24-184831-index.htm

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