Technology Enhancements Help Schwab Stock Plan Clients More Effectively Manage Equity Compensation Plans

Tuesday, November 1, 2011 7:30 am PDT



Public Company Information:

"If Country equals China, then Same-day Sale only."

SAN FRANCISCO--(BUSINESS WIRE)--Charles Schwab has announced several key enhancements to its Schwab EquiView® recordkeeping system and Equity Award Center® website to improve the client experience for stock plan sponsors and their employees.

“We know plan administrators place high value on innovative technology that helps them manage their stock plans more effectively and more efficiently. The enhancements we are announcing provide powerful new tools that streamline plan operations for our clients and help them do their jobs better and more easily, every day,” said Trish Cox, senior vice president of Corporate Brokerage Services at Schwab.

Schwab EquiView – Exercise Restrictions Now Automated

Monitoring and tracking non-U.S. participant transactions can be complex, and different countries often have different rules affecting what a participant can or can't do with their equity awards. To help reduce the risk of error and improve the participant experience, plan sponsors can now auto-assign exercise restrictions in Schwab EquiView. This helps minimize the risk of exercise errors since participants with restrictions against specific transaction types on their awards will not have the option to select those transaction types when placing a trade.

Restrictions can be set around common transactions such as exercise-and-hold, same-day sale and sell- to-cover. For example, a business rule may take the form, “If Country equals China, then Same-day Sale only.” For convenience, plan sponsors can also assign an exercise restriction by including the appropriate code on the grant import file.

Schwab EquiView - Deferral Functionality to Handle Restricted Stock Units

As more and more plan sponsors offer restricted stock units as part of their stock programs, they need a recordkeeping system that can help them manage these complex grants. The recordkeeping and reporting functions in the Schwab EquiView system have expanded to include support for restricted stock unit deferral provisions. Enhancements include new data areas in EquiView to store deferral-related data, expanded capabilities to handle the appropriate tax treatment for restricted stock, and the addition of corporate and participant reporting to capture deferral events.

Schwab EquiView Modeler™ Enables Scenario Testing and Team Training

Schwab EquiView Modeler helps sponsors more effectively manage their stock plan programs through a duplicate, non-production environment of the EquiView recordkeeping system for testing and trial purposes. Through EquiView Modeler, plan sponsors can test various scenarios with their data, such as grant modeling or checking forfeiture rates and valuation, before actually implementing changes that affect plan administration and financial reporting. Sponsors can also use the modeler to help train new administrators without affecting live plan data and can preview new features in EquiView Modeler before they are introduced in EquiView.

Plan Sponsor View into Equity Award Center® Improves Participant Experience

Based on growing demand from sponsors to provide participants with additional support, sponsors can now view their participants’ accounts on Equity Award Center, Schwab’s website for stock plan participants. This allows the client to see a participant's equity award information as the participant sees it, in real time. Useful for troubleshooting and participant education, this feature also allows sponsors to review messages as they appear in the participant's Equity Award Center account, as well as review online grant agreements. To protect participant privacy, sponsors are not able to view select information such as participant trade transactions and personal information updates.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 8.5 million active brokerage accounts, 1.46 million corporate retirement plan participants, 769,000 banking accounts, and $1.58 trillion in client assets as of Sept. 30, 2011. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC,, and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and mortgage services and products. More information is available at and (1011-7025)

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Schwab Stock Plan Services provides equity compensation plan services and other financial services to corporations and executives through Charles Schwab & Co., Inc. Charles Schwab & Co., Inc., a registered broker/dealer, offers brokerage and custody services to its customers.

This information is not intended to be a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, please consult a qualified tax advisor, CPA, financial planner or investment manager.


Charles Schwab
Mike Peterson, 330-908-4334
Intermarket Communications
Eric Hazard, 212-754-5610

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