Charles Schwab Corporation management check
SCHW · Financials · Investment Banking & Brokerage · CEO Richard A Wurster (since the last proxy; previously Walter W. Bettinger II)
Filings as of
2 good · 4 to watch · 1 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $201, against $231 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.27 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Flag
What does the CEO cost owners?
211.9% of net income$18.8m of reported pay in fiscal 2025, against $8.9m of net income.
- Watch
Do they own the stock?
New CEO since the proxyRichard A Wurster filed as President & CEO after the last proxy (which named Walter W. Bettinger II) and holds 218,409 shares, about $18.4m. Their pay will be in the next proxy. Both: 1 buyer ($1.8m) and 12 sellers ($189.5m) in six months. 17 of 49 sales ran on pre-arranged 10b5-1 plans.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -0.6% a year over the last three fiscal years. Stock-based pay was 1.3% of revenue in the latest year.
- Watch
Is leadership stable?
New CEO: Richard A WursterRichard A Wurster has filed as CEO since the last proxy. CEO in the pay table: Walter W. Bettinger II. 6 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Financials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 34 | 49 | |
| Pay for performance | 64 | 83 | |
| CEO cost | 0 | 67 | |
| Skin in the game | — | — | 51 |
| Dilution | 58 | 69 | |
| Stable leadership | 70 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Investment Banking & Brokerage, by management score. Charles Schwab Corporation is 65th of 72 in its sector.
Pay versus performance
From the proxy statement filed April 6, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Walter W. Bettinger II | $18.8m | $27.2m | $7.3m | $201 | $231 | $8.9m |
| 2024 | — | $26.4m | $29.4m | $8.1m | $147 | $183 | $5.9m |
| 2023 | — | $23.9m | $4.2m | $8.2m | $135 | $143 | $5.1m |
| 2022 | — | $24.4m | $57.9m | $8.4m | $160 | $126 | $7.2m |
| 2021 | — | $21.9m | $41.6m | $9.1m | $160 | $140 | $5.9m |
The board says pay is tied most to Adjusted Diluted EPS. Its other key measures: ROTCE / Cost of Equity (COE), Stock Price.
Insiders and the CEO's stake
Richard A Wurster (President & CEO) held 218,409 shares directly after their latest Form 4 on May 28, 2026, roughly $18.4m at that filing's price.
Both: 1 buyer ($1.8m) and 12 sellers ($189.5m) in six months. 17 of 49 sales ran on pre-arranged 10b5-1 plans.
- BoughtRichard A WursterPresident & CEO$1.8mMay 28, 2026
- SoldCharles R. SchwabCo-Chairman$102.0mAug 24, 2026
- SoldWalter W BettingerCo-Chairman$58.0mAug 28, 2026
- SoldCarolyn Schwab-PomerantzDirector$8.7mAug 26, 2026
Leadership and governance on file
- Jan 29, 2026Leadership change8-K 5.02
- Apr 1, 2025Leadership change8-K 5.02
- Feb 12, 2025Leadership change8-K 5.02
- Oct 1, 2024Leadership change8-K 5.02
- Jul 25, 2024Leadership change8-K 5.02
- May 16, 2024Leadership change8-K 5.02
- Oct 28, 2022Leadership change8-K 5.02
- May 18, 2022Leadership change8-K 5.02
- Oct 29, 2021Leadership change8-K 5.02
Latest shareholder vote results: May 22, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $24.4bn returned to owners in buybacks and dividends, 74151% of net income, and $1.6bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $18.5bn | $20.8bn | $18.8bn | $19.6bn | $23.9bn |
| Net income | $5.9m | $7.2m | $5.1m | $5.9m | $8.9m |
| Stock-based pay | $254.0m | $366.0m | $320.0m | $337.0m | $317.0m |
| Buybacks | $0 | $3.4bn | $2.8bn | $0 | $7.3bn |
| Dividends | $1.8bn | $2.1bn | $2.3bn | $2.3bn | $2.3bn |
| Diluted shares | 1897m | 1894m | 1831m | 1834m | 1809m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.