Form 4: Schwab Chief Banking Officer Gifts Shares

Paul V Woolway, MD and Chief Banking Officer at Charles Schwab, reported a gift of 3,822.6706 shares of common stock.

Summary

• Paul V Woolway, MD, Chief Banking Officer of Charles Schwab Corp (SCHW), reported a transaction on October 29, 2025.
• The transaction involved the disposition of 3,822.6706 shares of common stock as a gift (Transaction Code 'G') at a price of $0 per share.
• Following this transaction, Woolway's beneficial ownership includes 25,153 shares directly, 30,955.4372 shares indirectly by Trust, 7,468 shares indirectly by ESPP, and 1,138.624 shares each indirectly by Son 1 and Son 2.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 5

Explanation: The transaction is a gift of shares by an executive, which is a personal financial planning event and does not directly indicate positive or negative sentiment regarding the company's operational performance or future prospects. The transaction was pre-planned under a Rule 10b5-1(c) plan.

Positives

• The transaction was a gift, not a sale for personal profit, which can be viewed neutrally or positively regarding management's long-term commitment.
• The transaction was pre-planned under a Rule 10b5-1(c) plan, indicating a structured and transparent approach to share management.

Negatives

• A reduction in direct beneficial ownership, even if a gift, means the officer holds fewer shares directly.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Indirect beneficial ownership of 30,955.4372 shares of common stock is held by a Trust.
• Indirect beneficial ownership of 1,138.624 shares of common stock is held by Son 1.
• Indirect beneficial ownership of 1,138.624 shares of common stock is held by Son 2.

Stakeholder Impact

• Shareholders: A minor reduction in an executive's direct ownership, but overall beneficial ownership remains substantial. The gift itself has no direct operational impact on the company.

Key Dates

Keywords

Charles Schwab, SCHW, Form 4, Insider Transaction, Paul V Woolway, Chief Banking Officer, Stock Gift, Equity Ownership, 10b5-1 plan