Summary
Dennis Howard, the MD and Chief Technology, Operations & Data Officer at Schwab Charles Corp (NYSE: SCHW), completed matched transactions on February 25, 2026, selling 27,903 shares of company stock for roughly $2.65 million while exercising options to acquire an identical number of shares at a $64.10 strike price. The sale was conducted under a preexisting Rule 10b5-1 trading plan.
Insider transactions
On February 25, 2026, Howard sold 27,903 shares of Schwab Charles Corp stock, receiving proceeds of approximately $2.65 million. The shares were sold at execution prices ranging from $95.00 to $95.09.
On the same day, Howard exercised stock options to acquire 27,903 shares at an exercise price of $64.10, for a total exercise amount of $1788582. Those options were issued under the company’s 2013 Stock Incentive Plan and vest in four equal annual installments beginning on the first anniversary of the grant date.
After these transactions were completed, Howard directly held 10,470 shares of Schwab Charles Corp. The sale was executed pursuant to a Rule 10b5-1 trading plan that Howard adopted on November 25, 2025.
Company fundamentals and recent corporate developments
Separately from the insider activity, Schwab reported notable business metrics and corporate actions. During January 2026 the firm attracted $27.8 billion in core net new assets, contributing to total client assets of $12.15 trillion as of January 31. That figure represents an 18% increase compared with the prior year.
The company also announced a 19% increase in its quarterly dividend, raising the payout to $0.32 per share. That dividend is scheduled to be paid on February 27, 2026.
Philanthropic activity by the Charles Schwab Foundation was disclosed as well, with a $1.5 million grant provided to Junior Achievement USA to support the expansion of Experiential Learning Centers designed to enhance student experiences using AI-powered tools.
Market context and valuation note
Schwab’s shares trade at a price-to-earnings ratio of 19.38. InvestingPro analysis, cited in company coverage, lists Schwab among stocks classified as Most Undervalued. The platform also references a comprehensive Pro Research Report on Schwab within a coverage universe of more than 1,400 U.S. equities.
Management comment and industry reaction
Chief Executive Officer Rick Wurster addressed a recent sell-off in Schwab shares and emphasized the firm’s view that artificial intelligence represents a positive for the business. The company noted that the earlier sell-off was partly driven by industry concerns sparked by Altruist’s new AI-powered tax planning tool. Schwab affirmed its continued focus on harnessing AI for business growth.
Note on interpretation
The public disclosures describe the mechanics of Howard’s sale and option exercise and provide company-level metrics and statements from management. The filings and announcements do not attribute additional motives for the insider transactions beyond the fact that the sale was conducted under a Rule 10b5-1 plan and that the options exercised were granted under the 2013 Stock Incentive Plan.