Form 4: Charles Schwab Director Carolyn Schwab-Pomerantz Reports Stock Transactions

Director Carolyn Schwab-Pomerantz reported a gift of 320 shares of Charles Schwab stock and changes in indirect ownership through trusts, a spouse, and an LLC.

Summary

• Carolyn Schwab-Pomerantz, a director at Charles Schwab Corp, reported a transaction involving the company's common stock.
• On November 26, 2024, she gifted 320 shares of common stock.
• The transaction was a gift, so the price per share was $0.
• Following the transaction, she indirectly owns 1,608,593.6599 shares through a trust, 547,729 shares through her spouse as trustee, and 2,798 shares through an LLC.
• She also directly owns 8,162 shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing for a director's stock transactions and is common practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, and this filing is consistent with those requirements.
• The reporting of indirect ownership through trusts, spouses, and LLCs is also a common practice among corporate insiders.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a gift of shares and does not represent a sale or purchase on the open market.

Key Dates

Keywords

Charles Schwab, Director, Stock Transaction, Beneficial Ownership, Form 4, SCHW, Carolyn Schwab-Pomerantz