Form 4: Schwab Co-Chairman Walter Bettinger Reports Stock Sale and Updates Beneficial Ownership

Walter Bettinger, Co-Chairman of Schwab, reports a sale of common stock and updates to his beneficial ownership, including holdings through ESPP, ESOP, and spousal ownership.

Summary

• On May 19, 2025, Walter Bettinger, Co-Chairman of Schwab, reported a transaction involving Schwab's common stock.
• He sold 191,523 shares at a weighted average price of $88.9994, with individual prices ranging from $88.725 to $89.325.
• Following the transaction, Bettinger directly owns 764,610.022 shares of common stock.
• He also indirectly owns 4,073 shares through the Employee Stock Purchase Plan (ESPP), based on a plan statement as of May 1, 2025.
• Additionally, he indirectly owns 6,606.695 shares through the Employee Stock Ownership Plan (ESOP), based on a plan statement as of May 15, 2025.
• Bettinger also indirectly owns 2,541.284 shares through his spouse.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are routine disclosures required by the SEC when insiders of a publicly traded company buy or sell the company's stock. This provides transparency to the market regarding the transactions of company executives and directors.

Stakeholder Impact

• The stock sale by a high-ranking executive could be perceived negatively by some shareholders, although it is a common practice and doesn't necessarily reflect a lack of confidence in the company.

Key Dates

Keywords

Schwab, Walter Bettinger, stock sale, beneficial ownership, Form 4, ESPP, ESOP, common stock