Form 4: Schwab Chief Risk Officer Nigel Murtagh Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Nigel Murtagh, Chief Risk Officer of Charles Schwab Corp, sold 15,229 shares of common stock on March 5, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Nigel J Murtagh, the Chief Risk Officer of Charles Schwab Corp (SCHW), reported a transaction involving the sale of company stock.
- On March 5, 2025, Murtagh sold 15,229 shares of common stock at a weighted average price of $75.3783 per share.
- The sale was executed under a Rule 10b5-1 trading plan adopted on November 23, 2024.
- Following the transaction, Murtagh directly owns 59,091.5208 shares and indirectly owns 2,176 shares through an ESPP.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by executives are a normal part of corporate activity. The use of a 10b5-1 plan suggests the executive is selling at a pre-determined time and price to avoid any accusations of insider trading.
Stakeholder Impact
- The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 2024-11-23 | Date of adoption of Rule 10b5-1 trading plan |
| 2025-03-05 | Date of stock sale transaction |
| 2025-03-07 | Date of Form 4 filing |
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