Asset Management
Charles Schwab Executive Compensation (FY25)
SCHW · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 22, 2026
209 figures on this page: 203 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
Richard Wurster, President and Chief Executive Officer, received $18,755,222 in total compensation for fiscal 2025. Meanwhile, Wurster's total was 49.5% higher than the $12,549,487 reported for fiscal 2024, and for fiscal 2025, the company reported a chief executive pay ratio of 143:1, against median employee compensation of $131,480. For fiscal 2025, shareholders backed the say-on-pay proposal with 92.8% of votes cast for or against in favor at the meeting held May 21, 2026, and the disclosed peer group includes Ameriprise Financial, Bank of New York Mellon, BlackRock, Inc., Discover Financial Services and Fidelity Investments, among others.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Richard Wurster: $12,549,487 → $18,755,222 (49.5% higher)
Say-on-pay support: 85.5% → 92.8% (7.3 points higher)
CEO pay ratio: 211:1 → 143:1 (32.2% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Charles Schwab's chief executive and what were they paid?
Richard Wurster, President and Chief Executive Officer, received $18,755,222 in total compensation for fiscal 2025. Wurster's total was 49.5% higher than the $12,549,487 reported for fiscal 2024.
What was Charles Schwab's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 92.8% of votes cast for or against in favor at the meeting held May 21, 2026.
Which companies are in Charles Schwab's peer group?
The disclosed peer group includes Ameriprise Financial, Bank of New York Mellon, BlackRock, Inc., Discover Financial Services and Fidelity Investments, among others.
What is Charles Schwab's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 143:1, against median employee compensation of $131,480.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Walter Bettinger II Chief Executive Officer and Co-Chairman | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Richard Wurster President | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Joseph Martinetto Managing Director and Chief Operating Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Charles Schwab Co-Chairman | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Peter Crawford Managing Director and Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Walter Bettinger Chief Executive Officer and Co-Chairman | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Richard Wurster President | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Joseph Martinetto Chairman of the Board of CSB and Former Managing Director and Chief Operating Officer Departed during or after this year | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Charles Schwab Co-Chairman | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Michael Verdeschi Managing Director and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Peter Crawford Former Managing Director and Chief Financial Officer Departed during or after this year | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Richard Wurster President and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Charles Schwab Co-Chairman | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Michael Verdeschi Managing Director and Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Walter Bettinger Co-Chairman | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Charles R. Schwab | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Jonathan M. Craig | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Michael D. Verdeschi | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Richard A. Wurster | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Walter W. Bettinger II | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Charles Schwab | RSU | ◇ | ◇ | — | — |
| Walter Bettinger | RSU | ◇ | ◇ | — | — |
| Richard Wurster | RSU | ◇ | ◇ | — | — |
| Michael Verdeschi | RSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | — | |
| PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Marianne C. Brown | ◇ | ◇ | ◇ | — | — | — | ◇ |
John K. Adams, Jr | ◇ | ◇ | ◇ | — | — | — | ◇ |
Frank C. Herringer Lead independent director | ◇ | ◇ | ◇ | — | — | — | ◇ |
Joan T. Dea | ◇ | ◇ | ◇ | — | — | — | ◇ |
Christopher V. Dodds | ◇ | ◇ | ◇ | — | — | — | ◇ |
Gerri K. Martin-Flickinger | ◇ | ◇ | ◇ | — | — | — | ◇ |
Charles A. Ruffel | ◇ | ◇ | ◇ | — | — | — | ◇ |
Todd M. Ricketts | ◇ | ◇ | ◇ | — | — | — | ◇ |
Paula A. Sneed | ◇ | ◇ | ◇ | — | — | — | ◇ |
Arun Sarin | ◇ | ◇ | ◇ | — | — | — | ◇ |
Stephen A. Ellis | ◇ | ◇ | ◇ | — | — | — | ◇ |
Carolyn Schwab-Pomerantz | ◇ | ◇ | ◇ | — | — | — | ◇ |
Bharat B. Masrani | ◇ | — | — | — | — | — | ◇ |
Brian M. Levitt | ◇ | — | — | — | — | — | ◇ |
Walter W. Bettinger II, Charles R. Schwab and Richard A. Wurster served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Ameriprise Financial AMP
- Bank of New York Mellon BNY
- BlackRock, Inc. BLK
- Discover Financial Services DFS
- Fidelity Investments symbol not shown
- Fifth Third Bank symbol not shown
- Franklin Resources BEN
- Goldman Sachs GS
- LPL Financial Holdings LPLA
- Mastercard, Inc. MA
- Morgan Stanley MS
- Northern Trust NTRS
- PayPal PYPL
- PNC Financial Group, Inc. PNC
- Raymond James Financial RJF
- State Street STT
- T. Rowe Price Group TROW
- Truist TFC
- U.S. Bancorp USB
- Visa, Inc. V
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 21, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 22, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 23, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 18, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 17, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 13, 2021 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Charles Schwab disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Charles Schwab sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
209 figures on this page: 203 cited to the filing that reported them, 6 calculated from figures it prints.
203 cited to the filing
6 calculated from the filing
Documents cited
- 0001193125-26-237020
- 0001193125-26-1428262025 CEO Pay Ratio · 2025 Director Compensation Table · 2025 Grants of Plan-Based Awards Table · 2025 Summary Compensation Table · and 3 more sections
- 0001193125-25-125853
- 0001193125-25-0728112024 Summary Compensation Table
- 0001193125-24-149155
- 0001193125-24-0878832023 Summary Compensation Table
- 0001193125-23-150444
- 0001193125-22-154097
- 0000316709-21-000035
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Charles Schwab executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/SCHW (accessed 2026).
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Asset Management rankings
Peers Charles Schwab discloses
The companies named in SCHW's own disclosed peer group.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}