Form 4: Charles Schwab Co-Chairman Sells Shares in Multiple Transactions
SEC Form 4
Charles Schwab, Co-Chairman of Charles Schwab Corp, sold shares of common stock in multiple transactions on May 3rd and May 6th, 2024.
Summary
- Charles Schwab, Co-Chairman of Charles Schwab Corp, reported the sale of company stock.
- On May 3, 2024, Schwab sold 66,225 shares of common stock at a weighted average price of $75.5066 per share.
- On May 6, 2024, Schwab sold 65,790 shares of common stock at a weighted average price of $76.4018 per share.
- Following these transactions, Schwab indirectly owns 60,906,686 shares through a trust, 30,641,981 shares through a limited partnership, 44,025 shares through 188 Corp, and 7,372,842.33 shares through his spouse as trustee.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by an insider. It doesn't inherently convey positive or negative sentiment, but rather factual information.
Industry Context
This filing is a routine disclosure of insider trading activity. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The stock sales could have a minor impact on the stock price, depending on market perception of the sales.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Charles Schwab sold 66,225 shares of common stock. |
| 05/06/2024 | Charles Schwab sold 65,790 shares of common stock. |
| 05/08/2024 | Date of signature for the Form 4 filing. |
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