Form 4: SCHW Banking Officer Sells Shares Under 10b5-1 Plan

Charles Schwab's MD, Chief Banking Officer, Paul V Woolway, sold 3,205 shares of common stock for approximately $95.20 per share under a pre-arranged trading plan.

Summary

• Paul V Woolway, the Managing Director and Chief Banking Officer of The Charles Schwab Corporation (SCHW), reported a sale of common stock.
• The transaction involved the disposition of 3,205 shares of common stock on September 2, 2025.
• The shares were sold at a weighted average price of $95.2033 per share, with individual trades ranging from $95.04 to $95.29.
• This sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Woolway on November 15, 2024.
• Following the reported transaction, Mr. Woolway's beneficial ownership includes 25,153 shares held directly, 37,983.1078 shares held indirectly by a Trust, 7,468 shares held indirectly by an ESPP, and 1,138.624 shares each held indirectly by Son 1 and Son 2.

Sentiment

Score: 5

Explanation: A Form 4 reports an insider transaction. This specific sale was pre-planned under Rule 10b5-1, which generally indicates a non-discretionary sale and is often viewed neutrally, rather than as a signal of management's view on future stock performance.

Industry Context

This filing is a routine disclosure of an insider stock transaction and does not provide information directly related to broader industry trends or competitive positioning. Insider sales under 10b5-1 plans are common across industries for personal financial planning.

Related Party Transactions

• Indirect beneficial ownership includes shares held by a Trust and by two sons of the reporting person.

Stakeholder Impact

• Shareholders: Provides transparency on insider stock movements, specifically a pre-planned sale by a key executive.

Key Dates

Recommendation

The Form 4 details a pre-planned sale of a relatively small number of shares by a company officer under a Rule 10b5-1 trading plan. Such sales are typically for personal financial planning and do not necessarily reflect a change in the officer's outlook on the company's future performance. Therefore, it does not provide a strong signal to alter an existing investment position.

Keywords

Charles Schwab, SCHW, Insider Sale, Form 4, Paul V Woolway, 10b5-1 Plan, Officer Transaction, Banking Officer