secwatch.observer — SEC 8-K summary
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Issuer:     SCHWAB CHARLES CORP (SCHW)
CIK:        0000316709
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001193125-24-184831
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Schwab names Michael Verdeschi as CFO effective October 1, 2024
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/316709/000119312524184831/0001193125-24-184831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/316709/000119312524184831/d868220d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-184831

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