Form 4: Charles Schwab Co-Chairman Reports Stock Transfer to Trust
SEC Filing
Charles R. Schwab, Co-Chairman of Charles Schwab Corp, reports a transfer of 64,100 shares of common stock to a trust.
Summary
- Charles R. Schwab, Co-Chairman of Charles Schwab Corp, filed a Form 4 with the SEC.
- The filing reports a transaction on May 20, 2024, where 64,100 shares of common stock were disposed of.
- The shares were transferred to a trust.
- Following the transaction, Schwab beneficially owns 60,619,371 shares indirectly through a trust, 30,641,981 through a limited partnership, 44,025 through 188 Corp, and 7,372,842.33 through his spouse as trustee.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the stock ownership of company executives.
Stakeholder Impact
- The transaction itself is unlikely to have a significant impact on stakeholders, as it is a transfer of shares to a trust and does not represent a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of stock transaction |
| 05/22/2024 | Date of signature on the report |
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