Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| SCHWAB CHARLES CORPSCHW · Entity 1218 | EVP - Investor Services | November 03, 2014 | November 05, 2014 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
SCHWAB CHARLES CORP
Report date November 03, 2014 · Filed November 05, 2014
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Common StockSEC Table I · non-derivative | Direct | 58,995 |
Reported balance
After 2014-11-03 transaction · row 1
1 source rowRow 1 · 2014-11-03 · Exercise / conversion · Acquired 1,380 · Balance 58,995 F1: Shares acquired on the vesting of restricted stock units. |
| Nonqualified Stock Option (right to buy)SEC Table II · derivative / convertible security · Conversion / exercise price $28.44 · Expires 2024-11-03 | Direct | 31,173 |
Reported balance
After 2014-11-03 transaction · row 4
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 4 · 2014-11-03 · Grant · Acquired 31,173 · Balance 31,173 F2: The option was granted under the company's 2013 Stock Incentive Plan and vests in four equal annual installments beginning on the first anniversary of the grant date. |
| Common StockSEC Table I · non-derivative | Indirectby 401(k) | 1,899.243 |
Reported balance
Holding disclosure · report date 2014-11-03 · row 2
Holding and transaction disclosures are not merged.
1 source rowRow 2 · Balance 1,899.243 |
| Common StockSEC Table I · non-derivative | Indirectby ESPP | 2,115 |
Reported balance
Holding disclosure · report date 2014-11-03 · row 3
Holding and transaction disclosures are not merged.
1 source rowRow 3 · Balance 2,115 |
Filing footnotes · ownership attribution and instrument terms
F1: Shares acquired on the vesting of restricted stock units.
F2: The option was granted under the company's 2013 Stock Incentive Plan and vests in four equal annual installments beginning on the first anniversary of the grant date.
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| November 03, 2014 Filed Nov 5, 2014 21:06 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | GrantNonqualified Stock Option (right to buy) · Derivative | 31,173 | $0.00 Strike: $28.44 | $0.00 |
DisclosureSEC source: 0001225208-14-022810 · doc4.xml · derivative · entry 4 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 31,173 Underlying: Common Stock · 31,173 shares Expires 2024-11-03 F2 · derivative.exercise_date: The option was granted under the company's 2013 Stock Incentive Plan and vests in four equal annual installments beginning on the first anniversary of the grant date. Read SEC document |
| November 03, 2014 Filed Nov 5, 2014 21:06 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | Exercise / conversionCommon Stock | 1,380 | $28.59 | $39,454.20 |
DisclosureSEC source: 0001225208-14-022810 · doc4.xml · nonDerivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 58,995 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · shares: Shares acquired on the vesting of restricted stock units. Read SEC document |
| August 01, 2014 Filed Aug 5, 2014 17:19 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | GrantNonqualified Stock Option (right to buy) · Derivative | 33,693 | $0.00 Strike: $27.45 | $0.00 |
DisclosureSEC source: 0001225208-14-017990 · doc4.xml · derivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 33,693 Underlying: Common Stock · 33,693 shares Expires 2024-08-01 F1 · derivative.exercise_date: The option was granted under the company's 2013 Stock Incentive Plan and vests in four equal annual installments beginning on the first anniversary of the grant date. Read SEC document |
| May 14, 2014 Filed May 16, 2014 16:26 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | SaleCommon Stock | 9,500 | $26.41 | $250,849.40 |
DisclosureSEC source: 0001225208-14-013113 · doc4.xml · nonDerivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 57,615 F1 · price: This transaction was executed in multiple trades at prices ranging from $26.395 to $26.43. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Read SEC document |
| March 03, 2014 Filed Mar 5, 2014 21:36 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | GrantNonqualified Stock Option (right to buy) · Derivative | 35,613 | $0.00 Strike: $25.86 | $0.00 |
DisclosureSEC source: 0001225208-14-007538 · doc4.xml · derivative · entry 4 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 35,613 Underlying: Common Stock · 35,613 shares Expires 2024-03-03 F2 · derivative.exercise_date: The option was granted under the company's 2013 Stock Incentive Plan and vests in four equal annual installments beginning on the first anniversary of the grant date. Read SEC document |
| March 03, 2014 Filed Mar 5, 2014 21:36 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | Exercise / conversionCommon Stock | 14,974 | $25.97 | $388,799.91 |
DisclosureSEC source: 0001225208-14-007538 · doc4.xml · nonDerivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 67,115 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · shares: Shares acquired on the vesting of restricted stock units. Read SEC document |
| January 21, 2014 Filed Jan 22, 2014 19:31 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | Exercise / conversionNonqualified Stock Option (right to buy) · Derivative | 20,892 | $0.00 Strike: $23.33 | $0.00 |
DisclosureSEC source: 0001225208-14-002082 · doc4.xml · derivative · entry 5 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 20,892 shares Expires 2014-11-01 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| January 21, 2014 Filed Jan 22, 2014 19:31 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | SaleCommon Stock | 20,892 | $26.90 | $562,028.23 |
DisclosureSEC source: 0001225208-14-002082 · doc4.xml · nonDerivative · entry 2 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 52,141 F1 · price: This transaction was executed in multiple trades at prices ranging from $26.80 to $27.04. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Read SEC document |
| January 21, 2014 Filed Jan 22, 2014 19:31 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | Exercise / conversionCommon Stock | 20,892 | $23.33 | $487,399.91 |
DisclosureSEC source: 0001225208-14-002082 · doc4.xml · nonDerivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 73,033 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| January 03, 2014 Filed Jan 6, 2014 22:53 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | Tax withholdingCommon Stock | 462 | $25.87 | $11,951.94 |
DisclosureSEC source: 0001225208-14-001050 · doc4.xml · nonDerivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 54,754 Read SEC document |
| November 04, 2013 Filed Nov 6, 2013 23:44 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | GrantCommon Stock | 570 | $0.00 | $0.00 |
DisclosureSEC source: 0001225208-13-023023 · doc4.xml · nonDerivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 55,216 F1 · shares: Shares acquired on the vesting of restricted stock units. Read SEC document |
| November 04, 2013 Filed Jan 14, 2014 23:01 UTC Amendment | SCHWAB CHARLES CORP SCHW · Entity 1218 | Tax withholdingCommon Stock | 343 | $23.10 | $7,923.30 |
DisclosureSEC source: 0001225208-14-001714 · doc4a.xml · nonDerivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 52,603 Read SEC document |
| November 01, 2013 Filed Nov 5, 2013 18:21 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | GrantNonqualified Stock Option (right to buy) · Derivative | 36,024 | $0.00 Strike: $23.12 | $0.00 |
DisclosureSEC source: 0001225208-13-022866 · doc4.xml · derivative · entry 4 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 36,024 Underlying: Common Stock · 36,024 shares Expires 2023-11-01 F2 · derivative.exercise_date: The option was granted under the company's 2013 Stock Incentive Plan and vests in four equal annual installments beginning on the first anniversary of the grant date. Read SEC document |
| November 01, 2013 Filed Nov 5, 2013 18:21 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | GrantCommon Stock | 4,021 | $0.00 | $0.00 |
DisclosureSEC source: 0001225208-13-022866 · doc4.xml · nonDerivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 54,646 F1 · shares: Shares acquired on the vesting of restricted stock units. Read SEC document |
| November 01, 2013 Filed Jan 14, 2014 23:01 UTC Amendment | SCHWAB CHARLES CORP SCHW · Entity 1218 | GrantCommon Stock | 2,321 | $0.00 | $0.00 |
DisclosureSEC source: 0001225208-14-001713 · doc4a.xml · nonDerivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 52,946 F1 · shares: Shares acquired on the vesting of restricted stock units. Read SEC document |
| August 01, 2013 Filed Aug 5, 2013 20:14 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | GrantNonqualified Stock Option (right to buy) · Derivative | 38,820 | $0.00 Strike: $22.67 | $0.00 |
DisclosureSEC source: 0001225208-13-017287 · doc4.xml · derivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 38,820 Underlying: Common Stock · 38,820 shares Expires 2023-08-01 F1 · derivative.exercise_date: The option was granted under the company's 2013 Stock Incentive Plan and vests in four equal annual installments beginning on the first anniversary of the grant date. Read SEC document |
| July 19, 2013 Filed Jul 23, 2013 16:41 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | SaleNonqualified Stock Option (right to buy) · Derivative | 9,450 | $0.00 Strike: $19.42 | $0.00 |
DisclosureSEC source: 0001225208-13-016477 · doc4.xml · derivative · entry 8 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 9,450 shares Expires 2013-12-12 Read SEC document |
| July 19, 2013 Filed Jul 23, 2013 16:41 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | SaleNonqualified Stock Option (right to buy) · Derivative | 955 | $0.00 Strike: $18.34 | $0.00 |
DisclosureSEC source: 0001225208-13-016477 · doc4.xml · derivative · entry 7 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 955 shares Expires 2014-02-01 Read SEC document |
| July 19, 2013 Filed Jul 23, 2013 16:41 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | SaleCommon Stock | 9,450 | $21.70 | $205,060.28 |
DisclosureSEC source: 0001225208-13-016477 · doc4.xml · nonDerivative · entry 4 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 50,625 F1 · price: This transaction was executed in multiple trades at prices ranging from $21.68 to $21.72. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Read SEC document |
| July 19, 2013 Filed Jul 23, 2013 16:41 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | SaleCommon Stock | 955 | $21.70 | $20,723.02 |
DisclosureSEC source: 0001225208-13-016477 · doc4.xml · nonDerivative · entry 3 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 60,075 F1 · price: This transaction was executed in multiple trades at prices ranging from $21.68 to $21.72. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Read SEC document |
| July 19, 2013 Filed Jul 23, 2013 16:41 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | Exercise / conversionCommon Stock | 955 | $18.34 | $17,517.57 |
DisclosureSEC source: 0001225208-13-016477 · doc4.xml · nonDerivative · entry 2 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 61,030 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| July 19, 2013 Filed Jul 23, 2013 16:41 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | Exercise / conversionCommon Stock | 9,450 | $19.42 | $183,551.13 |
DisclosureSEC source: 0001225208-13-016477 · doc4.xml · nonDerivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 60,075 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| March 01, 2013 Filed Mar 5, 2013 19:55 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | GrantNonqualified Stock Option (right to buy) · Derivative | 60,533 | $0.00 Strike: $16.40 | $0.00 |
DisclosureSEC source: 0001225208-13-006556 · doc4.xml · derivative · entry 4 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 60,533 Underlying: Common Stock · 60,533 shares Expires 2023-03-01 F2 · derivative.exercise_date: The option was granted under the company's 2004 Stock Incentive Plan and vests in four equal annual installments beginning on the first anniversary of the grant date. Read SEC document |
| March 01, 2013 Filed Mar 5, 2013 19:55 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | GrantCommon Stock | 5,563 | $0.00 | $0.00 |
DisclosureSEC source: 0001225208-13-006556 · doc4.xml · nonDerivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 50,625 F1 · shares: Shares acquired on the vesting of restricted stock units. Read SEC document |
| January 03, 2013 Filed Jan 7, 2013 23:40 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | Tax withholdingCommon Stock | 462 | $15.03 | $6,943.86 |
DisclosureSEC source: 0001225208-13-001019 · doc4.xml · nonDerivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 45,062 Read SEC document |
| November 05, 2012 Filed Nov 7, 2012 18:57 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | Exercise / conversionCommon Stock | 517 | $0.00 | $0.00 |
DisclosureSEC source: 0001225208-12-022607 · doc4.xml · nonDerivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 38,790 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · shares: Shares acquired on the vesting of restricted stock units. Read SEC document |
| November 02, 2012 Filed Nov 6, 2012 20:04 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | Exercise / conversionCommon Stock | 578 | $0.00 | $0.00 |
DisclosureSEC source: 0001225208-12-022479 · doc4.xml · nonDerivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 38,273 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · shares: Shares acquired on the vesting of restricted stock units. Read SEC document |
| November 01, 2012 Filed Nov 5, 2012 19:21 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | GrantNonqualified Stock Option (right to buy) · Derivative | 62,500 | $0.00 Strike: $13.64 | $0.00 |
DisclosureSEC source: 0001225208-12-022337 · doc4.xml · derivative · entry 3 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 62,500 Underlying: Common Stock · 62,500 shares Expires 2022-11-01 F2 · derivative.exercise_date: The option was granted under the company's 2004 Stock Incentive Plan and vests in four equal annual installments beginning on the first anniversary of the grant date. Read SEC document |
| November 01, 2012 Filed Nov 5, 2012 19:21 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | GrantCommon Stock | 4,078 | $0.00 | $0.00 |
DisclosureSEC source: 0001225208-12-022337 · doc4.xml · nonDerivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 37,695 F1 · shares: Shares acquired on the vesting of restricted stock units. Read SEC document |
| August 01, 2012 Filed Aug 3, 2012 15:53 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | GrantNonqualified Stock Option (right to buy) · Derivative | 65,275 | $0.00 Strike: $12.45 | $0.00 |
DisclosureSEC source: 0001225208-12-017216 · doc4.xml · derivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 65,275 Underlying: Common Stock · 65,275 shares Expires 2022-08-01 F1 · derivative.exercise_date: The option was granted under the company's 2004 Stock Incentive Plan and vests in four equal annual installments beginning on the first anniversary of the grant date. Read SEC document |
| March 19, 2012 Filed Mar 21, 2012 16:41 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | Exercise / conversionNonqualified Stock Option (right to buy) · Derivative | 7,866 | $0.00 Strike: $9.26 | $0.00 |
DisclosureSEC source: 0001225208-12-008144 · doc4.xml · derivative · entry 4 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 7,866 shares Expires 2012-11-08 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| March 19, 2012 Filed Mar 21, 2012 16:41 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | SaleCommon Stock | 7,866 | $15.50 | $121,923.00 |
DisclosureSEC source: 0001225208-12-008144 · doc4.xml · nonDerivative · entry 2 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 33,617 F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 29, 2012. Read SEC document |
| March 19, 2012 Filed Mar 21, 2012 16:41 UTC | SCHWAB CHARLES CORP SCHW · Entity 1218 | Exercise / conversionCommon Stock | 7,866 | $9.26 | $72,817.92 |
DisclosureSEC source: 0001225208-12-008144 · doc4.xml · nonDerivative · entry 1 Gill George A. · CIK 0001545058 · EVP - Investor Services 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 41,483 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.