Form 4: Schwab CFO Peter B. Crawford Reports Stock Option Exercise and Share Contribution to Trust
SEC Form 4 Filing
CFO of Charles Schwab, Peter B. Crawford, reports exercising stock options and contributing the resulting shares to a trust.
Summary
- On April 24, 2024, Peter B. Crawford, CFO of Charles Schwab Corp, exercised a nonqualified stock option to acquire 5,481 shares of common stock at a price of $28.44 per share.
- The exercised shares were then contributed to a trust.
- Simultaneously, Crawford disposed of 5,481 shares of common stock at a weighted average price of $75.5072 per share, with individual transactions ranging from $75.50 to $75.54.
- Following these transactions, Crawford directly owns no shares and indirectly owns 60,567 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 11/03/2015 | Beginning date of vesting for the stock option in four annual installments. |
| 04/24/2024 | Date of stock option exercise and share disposal. |
| 04/26/2024 | Date of signature on the Form 4 filing. |
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