Form 4: Charles Schwab Reports Changes in Beneficial Ownership of SCHW Stock
SEC Form 4 Filing
Charles Schwab, Co-Chairman of Charles Schwab Corp, reports changes in his beneficial ownership of SCHW stock due to gifts.
Summary
- Charles Schwab, Co-Chairman of Charles Schwab Corp, filed a Form 4 detailing changes in his beneficial ownership of SCHW stock.
- On May 8, 2024, Mr. Schwab disposed of 65,790 shares of Common Stock as a gift.
- On May 9, 2024, Mr. Schwab disposed of 34,000 shares of Common Stock as a gift.
- Following these transactions, Mr. Schwab's indirect beneficial ownership includes 60,806,896 shares held by Trust, 30,641,981 shares held by Limited Partnership, 44,025 shares held by 188 Corp, and 7,372,842.33 shares held by Spouse as Trustee.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency to investors regarding the ownership stake of company executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Disposition of 65,790 shares of Common Stock as a gift. |
| 05/09/2024 | Disposition of 34,000 shares of Common Stock as a gift. |
| 05/10/2024 | Date of signature for the Form 4 filing. |
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