SCHW.NYSESchwab Charles CORP

Form 4: Schwab Co-Chairman Gifts 61,388 Shares

Sentiment:

Insider Transaction Report

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Walter W. Bettinger, Co-Chairman of Charles Schwab Corp., reported gifting 61,388 shares of common stock.

Summary

  • Walter W. Bettinger, Co-Chairman and Director of Charles Schwab Corp. (SCHW), reported a disposition of 61,388 shares of common stock.
  • The transaction occurred on November 10, 2025, and was coded as a gift (G) with a price of $0 per share.
  • Following this transaction, beneficial ownership includes 529,346 shares indirectly held by a Family Trust, 4,073 shares indirectly held by ESPP, 6,677.621 shares indirectly held by ESOP, 2,379.7757 shares indirectly held by a Spouse, and 176.1192 shares indirectly held by a Spouse as Trustee.
  • The ESOP share count of 6,677.621 is based on a plan statement as of November 11, 2025.
  • The shares held indirectly by a Spouse include 6.7408 shares acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: The filing reports a gift of shares by a key executive, which is a neutral event for company operations but represents a reduction in direct insider ownership. It does not indicate a change in the company's fundamental performance.

Positives

  • The transaction was a gift, not a sale for cash, which may be viewed differently than an open market sale by an insider.

Negatives

  • The transaction reduces the direct beneficial ownership of a key executive.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

  • Indirect beneficial ownership includes shares held by a Family Trust and a Spouse (individually and as Trustee).

Stakeholder Impact

  • Shareholders: A slight reduction in direct insider ownership, but the shares were gifted rather than sold on the open market.

Key Dates

DateDescription
11/10/2025Date of disposition of 61,388 shares of common stock by gift.
11/11/2025Date as of which ESOP plan statement information is based.
11/13/2025Date the Form 4 was signed by the attorney-in-fact.

Recommendation

hold

The Form 4 reports a gift of shares by a Co-Chairman, which is a routine insider transaction and does not provide sufficient information to alter an investment recommendation for Charles Schwab Corp. The transaction is not indicative of a change in the company's fundamental performance or outlook.

Keywords

Charles Schwab Corp, SCHW, Form 4, Insider Transaction, Stock Gift, Walter W. Bettinger, Beneficial Ownership

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