Form 4: Charles Schwab Co-Chairman Executes Stock Option and Transfers Shares to Trust

Charles Schwab, Co-Chairman of Charles Schwab Corp, exercised stock options and transferred the resulting shares to a living trust, while also selling shares on the open market.

Summary

• On October 16, 2024, Charles R. Schwab, Co-Chairman of Charles Schwab Corp, exercised a nonqualified stock option to acquire 62,345 shares of common stock at a price of $28.44 per share.
• Following the exercise, Mr. Schwab contributed these 62,345 shares to a living trust.
• Concurrently, Mr. Schwab sold 62,345 shares of common stock at a weighted average price of $72.5236, with individual trades ranging from $72.45 to $72.57.
• After these transactions, Mr. Schwab directly owns 0 shares and indirectly owns 60,619,371 shares through various entities including a trust, limited partnership, 188 Corp, and spousal trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities, which can be informative for investors.

Key Dates